Gasoline demand in developing Asian countries

Journal Article · Sat Dec 31 00:00:00 EST 1994 · Energy Journal

DOI:https://doi.org/10.5547/ISSN0195-6574-EJ-Vol15-No1-9· OSTI ID:226830

McRae, R ^[1]

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1. Univ. of Calgary, Alberta (Canada)

This paper presents econometric estimates of motor gasoline demand in eleven developing countries of Asia. The price and GDP per capita elasticities are estimated for each country separately, and for several pooled combinations of the countries. The estimated elasticities for the Asian countries are compared with those of the OECD countries. Generally, one finds that the OECD countries have GDP elasticities that are smaller, and price elasticities that are larger (in absolute value). The price elasticities for the low-income Asian countries are more inelastic than for the middle-income Asian countries, and the GDP elasticities are generally more elastic. 13 refs., 6 tabs.

• Sponsoring Organization: USDOE
• OSTI ID: 226830
• Journal Information: Energy Journal, Vol. 15, Issue 1; Other Information: PBD: 1994
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
GASOLINE
DEMAND
PRICES
ASIA
ECONOMETRICS
NUMERICAL DATA
MATHEMATICAL MODELS
DEVELOPING COUNTRIES