Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis

Volume: 3 Number: 2 June 1, 2013
  • Nourah Al Yousef
International Journal of Energy Economics and Policy Cover
International Journal of Energy Economics and Policy
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Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis

Abstract

The increasing consumption of oil-refined products on OPEC countries will have its impact on the availability of oil exports. The goal of this paper is to examine the determinants of oil refined products’ consumption for a panel consisting of 7 OPEC countries, namely, Algeria, Kuwait, Libya, Qatar, Saudi Arabia, United Emirates and Iran for the period of 1980–2010, by employing the recently developed panel data unit root tests and panel data cointegration techniques. Furthermore, conditional on finding cointegration, the paper extends the literature by employing the Pedroni Panel Fully Modified Ordinary Least Squares (FMOLS) Dynamic OLS (DOLS) procedure to generate. The study estimates the demand for Gasoline, Kerosene and Diesel. An attempt is also made to assess the impact of this demand on the future availability of OPEC oil exports.

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Primary Language

English

Subjects

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Journal Section

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Authors

Nourah Al Yousef This is me

Publication Date

June 1, 2013

Submission Date

June 1, 2013

Acceptance Date

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Published in Issue

Year 2013 Volume: 3 Number: 2

IZ

https://izlik.org/JA58CB89HU

Cite

RIS / Bibtex
APA
Yousef, N. A. (2013). Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis. International Journal of Energy Economics and Policy, 3(2), 168-177. https://izlik.org/JA58CB89HU
AMA
1.Yousef NA. Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis. IJEEP. 2013;3(2):168-177. https://izlik.org/JA58CB89HU
Chicago
Yousef, Nourah Al. 2013. “Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis”. International Journal of Energy Economics and Policy 3 (2): 168-77. https://izlik.org/JA58CB89HU.
EndNote
Yousef NA (June 1, 2013) Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis. International Journal of Energy Economics and Policy 3 2 168–177.
IEEE
[1]N. A. Yousef, “Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis”, IJEEP, vol. 3, no. 2, pp. 168–177, June 2013, [Online]. Available: https://izlik.org/JA58CB89HU
ISNAD
Yousef, Nourah Al. “Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis”. International Journal of Energy Economics and Policy 3/2 (June 1, 2013): 168-177. https://izlik.org/JA58CB89HU.
JAMA
1.Yousef NA. Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis. IJEEP. 2013;3:168–177.
MLA
Yousef, Nourah Al. “Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis”. International Journal of Energy Economics and Policy, vol. 3, no. 2, June 2013, pp. 168-77, https://izlik.org/JA58CB89HU.
Vancouver
1.Nourah Al Yousef. Demand for Oil Products in OPEC Countries: A Panel Cointegration Analysis. IJEEP [Internet]. 2013 Jun. 1;3(2):168-77. Available from: https://izlik.org/JA58CB89HU