modelling gasoline demand in ghana: a structural time series analysis

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ID: 243815
2014
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Abstract
Concerns about the role of energy consumption in global warming have led to policy designs that seek to reduce fossil fuel consumption or find a less polluting alternative especiallyfor the transport sector. This study seeks to estimate the elasticities of price, income, education and technology on transport gasoline demand sector inGhana. The Structural Time Series Model reports a short-run price and income elasticities of -0.0088 and 0.713. Total factor productivity is -0.408 whilstthe elasticity for education is 2.33. In the long run, the reported price and income elasticities are -0.065 and 5.129 respectively. The long run elasticityfor productivity is -2.935. The study recommends that in order to enhanceefficiency in gasoline consumption in the transport sector, there should beinvestment in productivity.
Reference Key
ackah2014internationalmodelling Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Ishmael Ackah;Frank Adu
Journal physica status solidi (a)
Year 2014
DOI
DOI not found
URL
http://econjournals.com/index.php/ijeep/article/view/636/386
Keywords
fuel trade energy policy environmental sciencesenergy industries

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