Oil demand and price elasticity of energy consumption in the GCC countries: A panel cointegration analysis

This paper examines the cointegrating relationship between oil demand and price elasticity of energy consumption in the Gulf Co-operation Council (GCC) countries during the period 1980-2010. The paper has applied the recently developed panel cointegration techniques, Dynamic Ordinary Least Squares (...

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Veröffentlicht in:	Business and Economic Horizons 2016-01, Vol.12 (2), p.63-74
Hauptverfasser:	Md Qaiser, Alam, Md Shabbir, Alam, Syed Ahsan, Jamil
Format:	Artikel
Sprache:	eng
Schlagworte:	Causality Cointegration analysis Cooperation Councils Crude oil prices Economic development Economic growth Economy Elasticity (Economics) Energy consumption Energy use GDP Global economy Gross Domestic Product Growth rate International economic relations International trade Oil consumption Petroleum Petroleum industry Petroleum production Price elasticity Price levels
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