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Gasoline consumption in China: a dynamic panel data analysis

Author

Listed:
  • Raymond Li

    (Hong Kong Polytechnic University)

  • Guy C.K. Leung

    (The University of Manchester)

Abstract

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.

Suggested Citation

  • Raymond Li & Guy C.K. Leung, 2012. "Gasoline consumption in China: a dynamic panel data analysis," Economics Bulletin, AccessEcon, vol. 32(3), pages 2375-2382.
    • Handle: RePEc:ebl:ecbull:eb-12-00145
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Chinese gasoline consumption; dynamic panel data; price and income elasticites;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

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