✦ LIBER ✦

Demand for natural gas in Kuwait: An empirical analysis using two econometric models

✍ Scribed by M. Nagy Eltony

Publisher: John Wiley and Sons
Year: 1996
Tongue: English
Weight: 434 KB
Volume: 20
Category: Article
ISSN: 0363-907X
DOI: 10.1002/(sici)1099-114x(199611)20:11<957::aid-er206>3.0.co;2-n

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✦ Synopsis

This paper estimates the demand for natural gas in Kuwait for the period 1975-93 using two models. A partial flow-adjustment model and a co-integration and error correction model. It is found that natural gas demand is inelastic with respect to price and income in the short and long run. Furthermore, natural gas consumption adjusts towards its long-run level with about 61% of the adjustment occurring in the first year.