The price and income elasticities of natural gas demand: International evidence
dc.contributor.author | Burke, Paul J. | |
dc.contributor.author | Yang, Hewen | |
dc.date.accessioned | 2016-10-12T23:19:01Z | |
dc.date.available | 2016-10-12T23:19:01Z | |
dc.date.issued | 2016-09-16 | |
dc.description.abstract | 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 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. | en_AU |
dc.identifier.citation | Burke, Paul J. and Yang, Hewen. 2016. “The price and income elasticities of natural gas demand: International evidence.” Energy Economics 59: 466–474. | en_AU |
dc.identifier.issn | 0140-9883 | en_AU |
dc.identifier.uri | http://hdl.handle.net/1885/109276 | |
dc.publisher | Elsevier | en_AU |
dc.relation | http://purl.org/au-research/grants/arc/DE160100750 | en_AU |
dc.source | Energy Economics | en_AU |
dc.source.uri | http://www.sciencedirect.com/science/article/pii/S0140988316302420 | en_AU |
dc.subject | natural gas | en_AU |
dc.subject | price | en_AU |
dc.subject | income | en_AU |
dc.subject | elasticity | en_AU |
dc.subject | demand | en_AU |
dc.title | The price and income elasticities of natural gas demand: International evidence | en_AU |
dc.type | Journal article | en_AU |
dcterms.dateAccepted | 2016-08-18 | |
local.bibliographicCitation.lastpage | 474 | en_AU |
local.bibliographicCitation.startpage | 466 | en_AU |
local.contributor.affiliation | Australian National University | en_AU |
local.contributor.authoremail | paul.j.burke@anu.edu.au | en_AU |
local.contributor.authoruid | u4372088 | en_AU |
local.description.notes | A near post-print open access Working Paper version is available here: https://ideas.repec.org/p/pas/papers/2016-14.html | en_AU |
local.identifier.absfor | 140205 - Environment and Resource Economics | en_AU |
local.identifier.absseo | 8507 - Energy Conservation and Efficiency | en_AU |
local.identifier.citationvolume | 59 | en_AU |
local.identifier.doi | 10.1016/j.eneco.2016.08.025 | en_AU |
local.identifier.uidSubmittedBy | u4372088 | en_AU |
Downloads
License bundle
1 - 1 of 1
No Thumbnail Available
- Name:
- license.txt
- Size:
- 884 B
- Format:
- Item-specific license agreed upon to submission
- Description: