lynx   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v58y1982i4p317-327.html
   My bibliography  Save this article

The Regional Demand for Petrol in Australia

Author

Listed:
  • W. A. DONNELLY
Abstract
The regional demand for petrol in Australia is estimated using quarterly data on a State basis for the period from the September quarter 1958 through the June quarter 1981. A dynamic demand model is postulated and estimates obtained using an iterative Zellner procedure. The results suggest that per capita petrol demand is not income elastic as reported in other studies, and support the hypothesis that demand is price inelastic. In addition, the States exhibit statistically significant differential responses to price and income shocks. This implies that the specification of a single national demand function may be misleading.

Suggested Citation

  • W. A. Donnelly, 1982. "The Regional Demand for Petrol in Australia," The Economic Record, The Economic Society of Australia, vol. 58(4), pages 317-327, December.
    • Handle: RePEc:bla:ecorec:v:58:y:1982:i:4:p:317-327
    DOI: 10.1111/j.1475-4932.1982.tb00382.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1982.tb00382.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1982.tb00382.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bart D. Ostro & Joel L. Naroff, 1980. "Decentralization and the Demand for Gasoline," Land Economics, University of Wisconsin Press, vol. 56(2), pages 169-180.
    2. Kraft, John & Rodekohr, Mark, 1980. "A temporal cross section specification of the demand for gasoline using a random coefficient regression model," Energy, Elsevier, vol. 5(12), pages 1193-1202.
    3. Guilkey, David K, 1975. "A Test for the Presence of First-Order Vector Autoregressive Errors When Lagged Endogenous Variables Are Present," Econometrica, Econometric Society, vol. 43(4), pages 711-717, July.
    4. Ramsey, J B & Rasche, R & Allen, Bruce T, 1975. "An Analysis of the Private and Commercial Demand for Gasoline," The Review of Economics and Statistics, MIT Press, vol. 57(4), pages 502-507, November.
    5. Sweeney, James L., 1979. "Effects of Federal policies on gasoline consumption," Resources and Energy, Elsevier, vol. 2(1), pages 3-26, September.
    6. Alt, Christopher & Bopp, Anthony & Lady, George, 1979. "Econometric analysis of the 1974/75 decline in petroleum consumption in the USA : Some policy implications," Energy Economics, Elsevier, vol. 1(1), pages 27-32, January.
    7. Phlips, Louis, 1972. "A Dynamic Version of the Linear Expenditure Model," The Review of Economics and Statistics, MIT Press, vol. 54(4), pages 450-458, November.
    8. Mehta, Jatinder S. & Narasimham, Gorti V. L. & Swamy, Paravastu A. V. B., 1978. "Estimation of a dynamic demand function for gasoline with different schemes of parameter variation," Journal of Econometrics, Elsevier, vol. 7(3), pages 263-279, April.
    9. Durbin, J, 1970. "Testing for Serial Correlation in Least-Squares Regression When Some of the Regressors are Lagged Dependent Variables," Econometrica, Econometric Society, vol. 38(3), pages 410-421, May.
    10. McNown, Robert F & Hunter, Kenneth R, 1980. "A Test for Autocorrelation in Models with Lagged Dependent Variables," The Review of Economics and Statistics, MIT Press, vol. 62(2), pages 313-317, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robert V. Breunig & Carol Gisz, 2009. "An Exploration of Australian Petrol Demand: Unobservable Habits, Irreversibility and Some Updated Estimates," The Economic Record, The Economic Society of Australia, vol. 85(268), pages 73-91, March.
    2. Brons, Martijn & Nijkamp, Peter & Pels, Eric & Rietveld, Piet, 2008. "A meta-analysis of the price elasticity of gasoline demand. A SUR approach," Energy Economics, Elsevier, vol. 30(5), pages 2105-2122, September.
    3. Martijn Brons & Peter Nijkamp & Eric Pels & Piet Rietveld, 2006. "A Meta-analysis of the Price Elasticity of Gasoline Demand. A System of Equations Approach," Tinbergen Institute Discussion Papers 06-106/3, Tinbergen Institute.
    4. Shaw, Charles, 2020. "Econometric Analysis of Demand for Petrol in India, 1966-2019," MPRA Paper 104797, University Library of Munich, Germany.
    5. Giuliano Galimberti & Gabriele Soffritti, 2020. "Seemingly unrelated clusterwise linear regression," Advances in Data Analysis and Classification, Springer;German Classification Society - Gesellschaft für Klassifikation (GfKl);Japanese Classification Society (JCS);Classification and Data Analysis Group of the Italian Statistical Society (CLADAG);International Federation of Classification Societies (IFCS), vol. 14(2), pages 235-260, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Martijn Brons & Peter Nijkamp & Eric Pels & Piet Rietveld, 2006. "A Meta-analysis of the Price Elasticity of Gasoline Demand. A System of Equations Approach," Tinbergen Institute Discussion Papers 06-106/3, Tinbergen Institute.
    2. Havranek, Tomas & Irsova, Zuzana & Janda, Karel, 2012. "Demand for gasoline is more price-inelastic than commonly thought," Energy Economics, Elsevier, vol. 34(1), pages 201-207.
    3. Erum Toor & Tanweer Ul Islam, 2019. "Power Comparison of Autocorrelation Tests in Dynamic Models," International Econometric Review (IER), Econometric Research Association, vol. 11(2), pages 58-69, September.
    4. Brons, Martijn & Nijkamp, Peter & Pels, Eric & Rietveld, Piet, 2008. "A meta-analysis of the price elasticity of gasoline demand. A SUR approach," Energy Economics, Elsevier, vol. 30(5), pages 2105-2122, September.
    5. J. S. Mehta & G. V. L. Narasimham & P. A. V. B. Swamy, 1975. "Estimation of a dynamic demand function for gasoline with different schemes of parameter variation," International Finance Discussion Papers 70, Board of Governors of the Federal Reserve System (U.S.).
    6. repec:wyi:journl:002087 is not listed on IDEAS
    7. Mishkin, Frederic S, 1982. "Does Anticipated Monetary Policy Matter? An Econometric Investigation," Journal of Political Economy, University of Chicago Press, vol. 90(1), pages 22-51, February.
    8. Dhruv Rawat & Sujay Patni & Ram Mehta, 2021. "Stock prices and Macroeconomic indicators: Investigating a correlation in Indian context," Papers 2112.08071, arXiv.org, revised Feb 2022.
    9. Unknown, 2013. "Journal of International Agricultural Trade and Development, Volume 09, Number 1, 2013," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 9(01), pages 140-140.
    10. Jonathan E. Hughes & Christopher R. Knittel & Daniel Sperling, 2008. "Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand," The Energy Journal, International Association for Energy Economics, vol. 29(1), pages 113-134.
    11. Davidson, Russell & MacKinnon, James G, 1984. "Model Specification Tests Based on Artificial Linear Regressions," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(2), pages 485-502, June.
    12. Benjamin M. Friedman & V. Vance Roley, 1977. "Identifying Identical Distributed Lag Structures by the Use of Prior SumConstraints," NBER Working Papers 0179, National Bureau of Economic Research, Inc.
    13. Davidson, Russell & Trokić, Mirza, 2020. "The fast iterated bootstrap," Journal of Econometrics, Elsevier, vol. 218(2), pages 451-475.
    14. Caporale, Guglielmo Maria & Gil-Alana, Luis A., 2008. "Modelling the US, UK and Japanese unemployment rates: Fractional integration and structural breaks," Computational Statistics & Data Analysis, Elsevier, vol. 52(11), pages 4998-5013, July.
    15. Amengual, Dante & Fiorentini, Gabriele & Sentana, Enrique, 2013. "Sequential estimation of shape parameters in multivariate dynamic models," Journal of Econometrics, Elsevier, vol. 177(2), pages 233-249.
    16. Pantuosco, Lou & Parker, Darrell, 1998. "Sources of Prevailing Differences in Unemployment Rates For Selected Regional Pairs," The Review of Regional Studies, Southern Regional Science Association, vol. 28(2), pages 35-46, Fall.
    17. John Coglianese & Lucas W. Davis & Lutz Kilian & James H. Stock, 2017. "Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 32(1), pages 1-15, January.
    18. Moguillansky, Graciela, 1989. "Nociones básicas de econometría y modelos lineales," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 33369, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    19. Kilian, Lutz & Zhou, Xiaoqing, 2024. "Heterogeneity in the pass-through from oil to gasoline prices: A new instrument for estimating the price elasticity of gasoline demand," Journal of Public Economics, Elsevier, vol. 232(C).
    20. James Alan Fox, 1979. "Crime Trends and Police Expenditures," Evaluation Review, , vol. 3(1), pages 41-58, February.
    21. Kiguel, Miguel A. & Neumeyer, Pablo Andres, 1989. "Inflation and seigniorage in Argentina," Policy Research Working Paper Series 289, The World Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:58:y:1982:i:4:p:317-327. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.
    Лучший частный хостинг