IDEAS home Printed from https://ideas.repec.org/a/taf/nzecpp/v52y2018i1p40-52.html
   My bibliography  Save this article

The demand for imported oil: New Zealand's post-deregulation experience

Author

Listed:
  • Mohammad Jaforullah
  • Alan King

Abstract

Oil is the single most important energy source within the New Zealand economy and is also the source of a significant fraction of its greenhouse gas emissions. We model New Zealand's demand for imported oil over the period following the deregulation of its market for petroleum products in 1988. The income elasticity estimate we obtain (1.35) is larger than those reported for most countries and indicates that continued economic growth will make the government's emission targets increasingly difficult to achieve. However, we also find demand is sufficiently price-sensitive (−0.46) for fuel taxes to be reasonably effective at curbing oil demand.

Suggested Citation

  • Mohammad Jaforullah & Alan King, 2018. "The demand for imported oil: New Zealand's post-deregulation experience," New Zealand Economic Papers, Taylor & Francis Journals, vol. 52(1), pages 40-52, January.
    • Handle: RePEc:taf:nzecpp:v:52:y:2018:i:1:p:40-52
    DOI: 10.1080/00779954.2016.1207199
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00779954.2016.1207199
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00779954.2016.1207199?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rajesh Sharma & Pradeep Kautish & D. Suresh Kumar, 2021. "Assessing Dynamism of Crude Oil Demand in Middle-Income Countries of South Asia: A Panel Data Investigation," Global Business Review, International Management Institute, vol. 22(1), pages 169-183, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:nzecpp:v:52:y:2018:i:1:p:40-52. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://www.tandfonline.com/RNZP20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.