Gasoline and Diesel Consumption for Road Transport in Spain: a Dynamic Panel Data Approach
Rosa González (),
Rosa M. Lorenzo-Alegría and
Gustavo Marrero ()
No 04-2011, Economic Reports from FEDEA
Using a panel data set for Spanish regions between 1998 and 2006, we study the factors explaining per capita fuel consumption for road transport at the macroeconomic level. The contributions of the article are the following. First, we specify a dynamic panel data (DPD) model for gasoline and diesel consumption. Second, we properly apply estimation techniques based on the system Generalized Methods of Moments (GMM) procedure of Arellano and Bover (1995). We find that more traditional estimation procedures (pooling-OLS, the Within-Group or the first difference GMM), which might generate bias estimate in a DPD framework, produce important differences that may even change policy recommendations. Finally, we find important differences between the results for the gasoline and the diesel model. While the estimated equation correctly fits the gasoline consumption behavior, results emphasizes the need to specify a different model for aggregate diesel consumption, which must include aditional determinants than those traditionally used in fuel consumption models.
New Economics Papers: this item is included in nep-ene and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fda:fdacee:04-2011
Access Statistics for this paper
More papers in Economic Reports from FEDEA
Bibliographic data for series maintained by Carmen Arias ().