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Oil demand and technical progress

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  • Hillard Huntington

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.

Suggested Citation

  • Hillard Huntington, 2010. "Oil demand and technical progress," Applied Economics Letters, Taylor & Francis Journals, vol. 17(18), pages 1747-1751.
    • Handle: RePEc:taf:apeclt:v:17:y:2010:i:18:p:1747-1751
    DOI: 10.1080/13504850903299636
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    References listed on IDEAS

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    1. Hunt, Lester C. & Judge, Guy & Ninomiya, Yasushi, 2003. "Underlying trends and seasonality in UK energy demand: a sectoral analysis," Energy Economics, Elsevier, vol. 25(1), pages 93-118, January.
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    1. Liddle, Brantley, 2023. "Is timing everything? Assessing the evidence on whether energy/electricity demand elasticities are time-varying," Energy Economics, Elsevier, vol. 124(C).
    2. Liddle, Brantley & Huntington, Hillard, 2020. "‘On the Road Again’: A 118 country panel analysis of gasoline and diesel demand," Transportation Research Part A: Policy and Practice, Elsevier, vol. 142(C), pages 151-167.
    3. Selien De Schryder and Gert Peersman, 2015. "The U.S. Dollar Exchange Rate and the Demand for Oil," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    4. Brantley Liddle, 2022. "What Is the Temporal Path of the GDP Elasticity of Energy Consumption in OECD Countries? An Assessment of Previous Findings and New Evidence," Energies, MDPI, vol. 15(10), pages 1-12, May.
    5. Dilaver, Zafer & Hunt, Lester C., 2021. "Modelling U.S. gasoline demand: A structural time series analysis with asymmetric price responses," Energy Policy, Elsevier, vol. 156(C).
    6. 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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