Demand for Oil by Developing Countries
AbstractA linear model of the demand for oil is derived from a cost minimisation problem in which demand depends on the price of oil, the price of coal and output. The model is estimated and tested against a log-linear model. The empirical results reject the log-linear specification and show that the demand for oil is highly inelastic.
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Bibliographic InfoPaper provided by School of Economics, La Trobe University in its series Working Papers with number 1996.09.
Length: 18 pages
Date of creation: 1996
Date of revision:
Economic Development; Demand; Energy Resources;
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- Bhattacharyya, Subhes C. & Timilsina, Govinda R., 2010. "Modelling energy demand of developing countries: Are the specific features adequately captured?," Energy Policy, Elsevier, vol. 38(4), pages 1979-1990, April.
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