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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Panel data
Panel data analysis
Price and income elasticities
Gasoline prices
Method of moments
Dynamic panel data
Real GDP
Roads
China

Cite this

Li, Raymond ; Leung, Guy C. K. . / Gasoline consumption in China: a dynamic panel data analysis. In: Economics Bulletin. 2012 ; Vol. 32, No. 3. pp. 2375-2382.
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Li, R & Leung, GCK 2012, 'Gasoline consumption in China: a dynamic panel data analysis', Economics Bulletin, vol. 32, no. 3, pp. 2375-2382.

Gasoline consumption in China: a dynamic panel data analysis. / Li, Raymond; Leung, Guy C. K. .

In: Economics Bulletin, Vol. 32, No. 3, 2012, p. 2375-2382.

Research output: Contribution to journalArticle

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AU - Leung, Guy C. K.

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AB - 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.

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