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The price and income elasticities of natural gas demand: International evidence

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dc.contributor.authorBurke, Paul J.
dc.contributor.authorYang, Hewen
dc.date.accessioned2025-04-09T03:45:47Z
dc.date.available2025-04-09T03:45:47Z
dc.date.issued2016-03
dc.description.abstractNatural gas contributes a growing share of the world's energy mix. In this paper we use national-level data for a sample of 44 countries to estimate the price and income elasticities of natural gas demand. We present both single-equation results and results instrumenting natural gas prices with proved natural gas reserves. Our instrument includes both domestic reserves and distance-weighted reserves in other countries. We obtain estimates of the average long-run price elasticity of natural gas demand of around -1.25 and of the average long-run income elasticity of natural gas demand of +1 and higher. We also present separate estimates for final natural gas demand by industry and households.
dc.identifier.issn0816-5181
dc.identifier.urihttps://hdl.handle.net/1885/733747475
dc.language.isoen_AU
dc.provenanceThe publisher permission to make it open access was granted in November 2024
dc.publisherCrawford School of Public Policy, The Australian National University
dc.relation.ispartofseriesACDE Working Paper No. 2016/14
dc.rightsAuthor(s) retain copyright
dc.sourceWorking papers in trade and development
dc.source.urihttps://crawford.anu.edu.au
dc.titleThe price and income elasticities of natural gas demand: International evidence
dc.typeWorking/Technical Paper
dcterms.accessRightsOpen Access
dspace.entity.typePublication
local.bibliographicCitation.issue2016/14
local.type.statusPublished Version

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