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Gasoline Demand in Developing Asian Countries

This paper presents econometric estimates of motor gasoline demand in eleven developing countries of Asia. The price and GDP per capita elasticities are estimated for each country separately, and for several pooled combinations of the countries. The estimated elasticities for the Asian countries are compared with those of the OECD countries. Generally, one finds that the OECD countries have GDP elasticities that are smaller, and price elasticities that are larger (in absolute value). The price elasticities for the low-income Asian countries are more inelastic than for the middle-income Asian countries, and the GDP elasticities are generally more elastic.

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Energy Specializations: Petroleum – Markets and Prices for Crude Oil and Products; Petroleum – Policy and Regulation; Energy Access – Energy Poverty and Equity

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, C50: Econometric Modeling: General, Q35: Hydrocarbon Resources

Keywords: Gasoline demand, Developing countries, GDP, Econometric model

DOI: 10.5547/ISSN0195-6574-EJ-Vol15-No1-9

Published in Volume15, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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