The Price and Income Elasticities of Natural Gas Demand: International Evidence

Burke, Paul J.; Yang, Hewen

doi:10.2139/ssrn.2847434

Cited by 3 publications

(2 citation statements)

References 56 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…demand for a commodity (e.g. Burke & Yang, 2016;Burke & Abayasekara, 2018), with the link to road deaths being that road death risks are themselves associated with the demand for gasoline. 5 Burke andNishitateno (2013, 2015) and Gillingham (2014) used a similar strategy in estimating the effects of fuel prices on various road-sector outcomes.…”

Section: Estimation Methodsmentioning

confidence: 99%

Fuel Prices and Road Deaths in Australia

Burke

Teame

2018

J of App Econs and Policy

Self Cite

View full text Add to dashboard Cite

After years of general progress in reducing Australia's road death toll, road deaths increased in 2015 and 2016, reaching 1293 per annum. These were also years of relatively cheap fuel following the dramatic decline in the world oil price in late 2014. This study uses monthly data to model the number of road deaths in Australia. Our estimates suggest that low fuel prices have contributed to knocking Australia off track for meeting its 2020 road safety target. The paper also provides a discussion of other factors that may have contributed to the rise in Australia's road death toll.

show abstract

Section: Estimation Methodsmentioning

confidence: 99%

Fuel Prices and Road Deaths in Australia

Burke

Teame

2018

J of App Econs and Policy

Self Cite

View full text Add to dashboard Cite

show abstract

“…Looking at the past energy research (Al-Sahlawi, 1989;Alberini et al, 2011;Dagher, 2012;Ozturk and Al-mulali, 2015;Rafindadi and Ozturk, 2015;Burke and Yang, 2016;Shaikh et al, 2017;Gautam and Paudel, 2018;Tamba et al, 2018;Baltagi et al, 2002 andZhang et al, 2018), little attention has been devoted to the demographic factors such as the elderly, population density and urbanization, that they influence explicitly or implicitly household natural gas consumption. Additionally, with the exception of Gautam and Paudel (2018), most of these studies are based on data before 2010, and it is highly relevant to update studies, especially in this economic sphere with rapidly changing inputs.…”

Section: Introductionmentioning

confidence: 99%

Responsiveness of Residential Natural Gas Demand to Elderly, Urban Population and Density: Evidence from Organization for Economic Co-operation and Development Countries

Malzi¹,

Ettahir²,

Hanchane³

2019

IJEEP

View full text Add to dashboard Cite

This paper empirically examines per capita residential natural gas demand using annual data for 29 Organization for Economic Co-operation and Development (OECD) countries from 2005 to 2016. Earlier studies have focused on the effect of price and income to estimate natural gas demand elasticities, but most of them have neglected the demographic variables such as elderly population, population density and urbanization rate. The aim of this work is to include these attributes for modeling the demand function of natural gas. To address the problem of endogeneity, we use a dynamic panel system called Generalized Method of Moments estimator. Our study presents the following main results; First, the increase of the urbanization rate leads to more per capita consumption of natural gas in the residential sector. Second, the ageing of the population decreases the use of per capita residential natural gas in OECD countries. Third, as population density increases, per capita residential natural gas consumption decreases.

show abstract

Price elasticity of fuel demand: an econometric approach

Marabucci¹

2023

European Transport/Trasporti Europei

View full text Add to dashboard Cite

The purpose of this paper is to quantify, through the use of Bayesian VAR (BVAR) econometric models, the elasticity of demand for automotive fuels (gasoline, diesel and liquid propane gas - LPG) in response to a shock in both their respective prices at the pump and other and other variables that affect the production of these commodities (such oil price, exchange rate etc.). The data used consist of time series on consumption and prices of the goods described above as of January 2002 for Italy. First, the existing literature, which focuses mainly on Anglo-Saxon countries, was analysed in order to obtain terms of comparison that would allow a comparison between the results obtained (described below) and the aforementioned similar studies. Second, after a description of the data used and their contextualization to the Italian case, the econometric approach used to estimate elasticities is described. The consequences of in terms of policy are interesting, since these are goods with rigid demand, little susceptible to price changes (whether induced by a change in the price of crude oil or a change in the excise rates in force in the country) and substantially characterized by a certain stability over the years. The analysis displays also the response of the above-mentioned fuels to Brent’s price shocks, delivering as additional result that these fuels are very sensitive to the fluctuations of their raw material whose price’s increase is capable of generating a bottleneck in the global value chain imposing negative shifts in the quantity consumed and an increase in price of the fuels analysed

show abstract

The Price and Income Elasticities of Natural Gas Demand: International Evidence

Cited by 3 publications

References 56 publications

Fuel Prices and Road Deaths in Australia

Fuel Prices and Road Deaths in Australia

Responsiveness of Residential Natural Gas Demand to Elderly, Urban Population and Density: Evidence from Organization for Economic Co-operation and Development Countries

Price elasticity of fuel demand: an econometric approach

Contact Info

Product

Resources

About