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Cointegration and the demand for gasoline

Rao, Bhaskara B. and Rao, Gyaneshwar (2009) Cointegration and the demand for gasoline. Energy Policy, 37 (10). pp. 3978-3983. ISSN 0301-4215

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Abstract

Since the early 1970s, there has been a worldwide upsurge in the price of energy and in particular of gasoline. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence in the estimated demand functions is important for use in policy and forecasting, following [Amarawickrama, H.A., Hunt, L.C., 2008. Electricity demand for Sri Lanka: A time series analysis. Energy Economics 33, 724–739], this paper estimates the demand for gasoline is estimated with five alternative time series techniques with data from Fiji. Estimates with these alternative techniques are very close, and thus increase our confidence in them. We found that gasoline demand is both price and income inelastic.

Item Type: Journal Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Neha Harakh
Date Deposited: 24 May 2009 16:02
Last Modified: 19 Mar 2012 13:21
URI: http://repository.usp.ac.fj/id/eprint/1119
UNSPECIFIED

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