long-run import demand models for crude oil using data over the period 1980-2012. Results show that demand for crude oil is … price inelastic in the short-run but elastic in the long-run. Other important drivers of crude oil import are the real … effective exchange rate, domestic oil production and population growth. Income is found to be the strongest driver of crude oil …

-run price and income elasticities are inelastic. Only GDP and oil production have significant effect on the crude oil demand in … to India’s energy security and reduce crude oil import demand in India. Moreover, India must improve strategic oil … short-run indicating that increase in economic growth and domestic production leads to rise in crude oil demand irrespective …

This study examines the Turkish crude oil import demand for the period of 1970-2013. Unlike earlier studies on Turkey … show that the partial elasticities of crude oil import demand; income is (0.18) and crude oil is (−0.25). In the light of … these results, it is said that income and price elasticities of demand for crude oil import in the long-run are inelastic …