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Oil demand and technical progress

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  • Hillard Huntington
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    Abstract

    This analysis provides an empirical perspective on the role of technical progress in OECD oil demand since 1971. It differentiates the role of price-induced and exogenous technical progress from other time-related factors that may influence oil demand growth. Results confirm that both sources of technical progress operate but that price-induced improvements appear to be substantially larger.

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    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850903299636&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 17 (2010)
    Issue (Month): 18 ()
    Pages: 1747-1751

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    Handle: RePEc:taf:apeclt:v:17:y:2010:i:18:p:1747-1751

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    Cited by:
    1. Selien De Schryder & Gert Peersman, 2013. "The U.S. Dollar Exchange Rate and the Demand for Oil," CESifo Working Paper Series 4126, CESifo Group Munich.
    2. Huntington, Hillard G., 2011. "Backcasting U.S. oil demand over a turbulent decade," Energy Policy, Elsevier, vol. 39(9), pages 5674-5680, September.

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