Abstract
In this article, the relationship between gasoline consumption, real GDP. real gasoline price and road infrastructure in China is re-estimated in order to update and extend the estimates documented in the literature, Panel data for 17 Chinese provinces from 2003 to 2009 are analyzed under a recently proposed dynamic general method of moments (GMM) estimation technique. The long-run income and price elasticities are estimated to be 1.10 and -0.17. respectively.
| Original language | English |
|---|---|
| Pages (from-to) | 2375-2382 |
| Number of pages | 8 |
| Journal | Economics Bulletin |
| Volume | 32 |
| Issue number | 3 |
| Publication status | Published - 1 Dec 2012 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)