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A panel data analysis of the determinants of oil consumption: The case of Australia

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  • Narayan, Paresh Kumar
  • Wong, Philip

Abstract

The goal of this paper is to examine the determinants of oil consumption for a panel consisting of six Australian States and one territory, namely Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, and the Northern territory, for the period 1985-2006. We find that oil consumption, oil prices and income are panel cointegrated. We estimate long-run elasticities and find that oil prices have had a statistically insignificant impact on oil consumption, while income has had a statistically significant positive effect on oil consumption.

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Bibliographic Info

Article provided by Elsevier in its journal Applied Energy.

Volume (Year): 86 (2009)
Issue (Month): 12 (December)
Pages: 2771-2775

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Handle: RePEc:eee:appene:v:86:y:2009:i:12:p:2771-2775

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Related research

Keywords: Oil consumption Panel cointegration;

References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations

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Cited by:
  1. Bianco, Vincenzo & Manca, Oronzio & Nardini, Sergio & Minea, Alina A., 2010. "Analysis and forecasting of nonresidential electricity consumption in Romania," Applied Energy, Elsevier, vol. 87(11), pages 3584-3590, November.
  2. Paresh Kumar Narayan & Ruipeng Liu, 2010. "Are Shocks to Commodity Prices Persistent?," Economics Series 2010_02, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
  3. Hayat, Aziz & Narayan, Paresh Kumar, 2010. "The oil stock fluctuations in the United States," Applied Energy, Elsevier, vol. 87(1), pages 178-184, January.
  4. Hu, Jin-Li & Lio, Mon-Chi & Yeh, Fang-Yu & Lin, Cheng-Hsun, 2011. "Environment-adjusted regional energy efficiency in Taiwan," Applied Energy, Elsevier, vol. 88(8), pages 2893-2899, August.
  5. Sharma, Susan Sunila, 2011. "Determinants of carbon dioxide emissions: Empirical evidence from 69 countries," Applied Energy, Elsevier, vol. 88(1), pages 376-382, January.
  6. Apergis, Nicholas & Payne, James E., 2010. "The causal dynamics between coal consumption and growth: Evidence from emerging market economies," Applied Energy, Elsevier, vol. 87(6), pages 1972-1977, June.
  7. Sharma, Susan Sunila, 2010. "The relationship between energy and economic growth: Empirical evidence from 66 countries," Applied Energy, Elsevier, vol. 87(11), pages 3565-3574, November.
  8. Chang, Tzu-Pu & Hu, Jin-Li, 2010. "Total-factor energy productivity growth, technical progress, and efficiency change: An empirical study of China," Applied Energy, Elsevier, vol. 87(10), pages 3262-3270, October.
  9. Narayan, Paresh Kumar & Narayan, Seema & Popp, Stephan, 2010. "Does electricity consumption panel Granger cause GDP? A new global evidence," Applied Energy, Elsevier, vol. 87(10), pages 3294-3298, October.
  10. Narayan, Paresh Kumar & Narayan, Seema & Zheng, Xinwei, 2010. "Gold and oil futures markets: Are markets efficient?," Applied Energy, Elsevier, vol. 87(10), pages 3299-3303, October.
  11. Ou, Xunmin & Xiaoyu, Yan & Zhang, Xiliang, 2011. "Life-cycle energy consumption and greenhouse gas emissions for electricity generation and supply in China," Applied Energy, Elsevier, vol. 88(1), pages 289-297, January.

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