Demand for Oil by Developing Countries

A linear model of the demand for oil is derived from a cost minimisation problem in which demand depends on the price of oil, the price of coal and output. The model is estimated and tested against a log-linear model. The empirical results reject the log-linear specification and show that the demand for oil is highly inelastic.

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Year of publication:	1996
Authors:	Choe, Chongwoo ; Moosa, Imad A
Institutions:	Department of Economics and Finance, La Trobe Business School
Subject:	Economic Development \| Demand \| Energy Resources EDIRC Provider-Institution: RePEc:edi:smlatau

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1996.09 18 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008867867