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

Burke, Paul J.; Yang, Hewen

Description

Natural 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...[Show more]

CollectionsANU Research Publications
Date published: 2016-09-16
Type: Journal article
URI: http://hdl.handle.net/1885/109276
Source: Energy Economics
DOI: 10.1016/j.eneco.2016.08.025

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