The Demand for Crude Oil in Asia Countries

Conference Paper

AlYousef, Nourah . 2005

• نوع عمل المنشور: بحث
• اسم المؤتمر: 25th USAEE/ IAEE North American Conference
• عنوان المؤتمر: Fueling The Future: Prices, Productivity, Policies and Prophesies
• تاريخ المؤتمر: الأحد, أيلول (سبتمبر) 18, 2005
• المنظمة الراعية: US Association for Energy Economics/International Association For Energy Economics

مستخلص المنشور

This study examines the growth in oil demand in selected Asian countries over the 1982-2002 period.  In particular, it analyses GDP and price in relation to oil demand. The demand for crude oil imports for the Asian countries. Which will be divided into four groups: first,  Newly Industrializing Economics (NIEs) e.g. Hong Kong, Taiwan, Korea, Singapore, Indonesia, Malaysia, the Philippines and Thailand, as one group; second, OECD countries (Japan, and South Korea); Third is China fourth, South Asia (India and Pakistan). These groups are divide according to geographical location and similitary of economic status.   The demand function will be estimated using cointegration analysis and an Error Correction Model (ECM). There are however, three approaches for estimating the ECM: the Engle-Granger’s two-step procedure; General to specific Hendry's type of testing; and the Autoregressive Distributed Lag (ARDL) approach of Pesaran et al. (1999, 2001).