A panel data analysis of the determinants of oil consumption : the case of Australia

Narayan, Paresh and Wong, Philip 2009, A panel data analysis of the determinants of oil consumption : the case of Australia, Applied energy, vol. 86, no. 12, pp. 2771-2775.

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Title A panel data analysis of the determinants of oil consumption : the case of Australia
Author(s) Narayan, Paresh
Wong, Philip
Journal name Applied energy
Volume number 86
Issue number 12
Start page 2771
End page 2775
Publisher Elsevier Ltd.
Place of publication Amsterdam, The Netherlands
Publication date 2009-12
ISSN 0306-2619
1872-9118
Keyword(s) oil consumption
panel cointegration
Summary The goal of this paper is to examine the determinants of oil consumption for a panel consisting of six Australian States and one territory, namely Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, and the Northern territory, for the period 1985–2006. We find that oil consumption, oil prices and income are panel cointegrated. We estimate long-run elasticities and find that oil prices have had a statistically insignificant impact on oil consumption, while income has had a statistically significant positive effect on oil consumption.
Language eng
Field of Research 140205 Environment and Resource Economics
Socio Economic Objective 850603 Energy Systems Analysis
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30023779

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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