Gasoline consumption in China: a dynamic panel data analysis

Raymond Li, Guy C. K. Leung

Research output: Contribution to journalArticle

1 Citation (Scopus)

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.
Original languageEnglish
Pages (from-to)2375-2382
Number of pages8
JournalEconomics Bulletin
Volume32
Issue number3
Publication statusPublished - 2012
Externally publishedYes

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