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| Raymond Li and Guy C.K. Leung |
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| ''Gasoline consumption in China: a dynamic panel data analysis'' |
| ( 2012, Vol. 32 No.3 ) |
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| In this article, the relationship between gasoline consumption, real GDP, real gasoline price and road infrastructure in China is re-estimated in order to update and extend the estimates documented in the literature. Panel data for 17 Chinese provinces from 2003 to 2009 are analyzed under a recently proposed dynamic general method of moments (GMM) estimation technique. The long-run income and price elasticities are estimated to be 1.10 and -0.17, respectively. |
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| Keywords: Chinese gasoline consumption, dynamic panel data, price and income elasticites |
JEL: Q4 - Energy: General
C5 - Econometric Modeling: General |
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| Manuscript Received : Feb 14 2012 | | Manuscript Accepted : Aug 30 2012 |
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