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Raymond Li and Guy C.K. Leung
''Gasoline consumption in China: a dynamic panel data analysis''
( 2012, Vol. 32 No.3 )
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.
Keywords: Chinese gasoline consumption, dynamic panel data, price and income elasticites
JEL: Q4 - Energy: General
C5 - Econometric Modeling: General
Manuscript Received : Feb 14 2012 Manuscript Accepted : Aug 30 2012

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