| Author(s) | Nourah A. Alyousef |
| Affiliation | Nourah A. Alyousef Assistant Professor, Economics Department, College of Administrative Sciences, King Saud University. Riyadh. Saudi Arabia |
| Title | Demand for Oil in China |
| Source | Journal of King Saud University. Administrative Sciences. Volume 14, No 1. (2002/1422) |
| Abstract | The subject of this study is China's oil consumption. Using cointegration analysis, both the long and short-run relationships between oil consumption and explanatory variables were estimated. The long-run and short-run elasticities of demand were estimated using Johansen procedures. The error correction model was estimated both by Engle and Granger method and Hendry's general to specific method. Using estimates of elasticities, oil demand for the year 2000-2005 were forecast using 7%,5.5% 3.5% economic rate growth. The study predicts that demand for oil in China will reach 6 MBD by 2005 as a result of economic growth and infrastructure development in transportation sector. |
