An empirical analysis of gasoline demand in Denmark using cointegration techniques

Danish time-series data covering the period 1948–1991 are used in order to estimate short-run and long-run elasticities in gasoline demand. A cointegration test for a stable long-run relationship between the variables in the model proves to be positive, showing a smaller value of the long-run price...

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Bibliographic Details
Published inEnergy economics Vol. 16; no. 2; pp. 139 - 143
Main Author Bentzen, Jan
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.04.1994
Elsevier Science
Elsevier
Guildford :IPC Science and Technology Press,1979
Elsevier Science Ltd
SeriesEnergy Economics
Subjects
Applied sciences
Denmark
Economic data
Elasticity of demand
Energy
Energy consumption
Energy economics
Error-correction model
Exact sciences and technology
Fossil fuels and derived products
Gasoline
Gasoline demand
General, economic and professional studies
Mathematical models
Oil
Petrol
Power demand
Statistical analysis
Statistical methods
Studies
Time series
Denmark
Europe
Error-correction model
Gasoline demand
Demand
Elasticity
Gasoline
cointegration
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Summary:Danish time-series data covering the period 1948–1991 are used in order to estimate short-run and long-run elasticities in gasoline demand. A cointegration test for a stable long-run relationship between the variables in the model proves to be positive, showing a smaller value of the long-run price elasticity than often quoted in empirical studies of gasoline demand. Finally, an error correction model is estimated.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0140-9883
1873-6181
DOI:10.1016/0140-9883(94)90008-6