Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1066059 | Transportation Research Part D: Transport and Environment | 2012 | 5 Pages |
Abstract
This paper looks at relationships between gasoline consumption per capita, income, gasoline price, and car ownership for a panel of OECD countries. Estimated long-run and short-run income elasticities are smaller than typically found and gasoline consumption is Granger-caused by gasoline price, but not by car ownership or income. Car ownership is Granger-caused by income and at the margin by gasoline consumption, but not by gasoline price.
► Considers gas consumption, car ownership, income, and price for 14 OECD countries. ► Variables are panel I(1) and cointegrated. ► Estimated long- and short-run elasticities are smaller than most previous ones. ► Estimates agree with literature arguing that gasoline price is now more inelastic.
Keywords
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Authors
Brantley Liddle,