Price Elasticity of Demand for Crude Oil: Estimates for 23 Countries

By John C. B. Cooper. 2003

365 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/80d59967230a5dd9a0dd43b8c26e3313901f569f

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In Economics and Econometrics

Citations in the corpus

Understanding Crude Oil Prices (2008, neutral): “Dahl (1993) and Cooper (2003) arrive at long-run demand elasticities for crude oil of -0.2 to -0.3 and short-run elasticities below -0.1.”
Oil Shocks and External Adjustment (2007, background): “Cooper (2003) estimated the long-run price elasticity of the demand for crude oil – the same energy aggregate we examine – and found a very similar value of 0.45.”
Import demand of crude oil and economic growth: Evidence from India (2009, background): “Some of the recent studies include Krichene (2002); Gately and Huntington (2002); Cooper (2003); Dees et al.”
Oil price elasticities and oil price fluctuations (2016, positive): “In line with Dahl (1993) and Cooper (2003) , we find that the demand elasticity of crude oil is small and around −0 .”
Impact of Biofuel Production on World Agricultural Markets: A Computable General Equilibrium Analysis (2007, neutral): “Cooper (2003) estimates the short-run and long-run elasticities of demand for crude oil in 23 countries and concluded that demand for crude oil is highly insensitive to changes in price.”
Dynamic relationships between oil revenues, government spending and economic growth in an oil-dependent economy (2013, methodology): “These studies were initiated by the pioneering works of Mork and Hall (1980), Sachs (1981), Darby (1982) and Hamilton (1983). The study of Mork and Hall (1980) constructed and simulated a small macroeconomic model of the United States with energy. Their results reveal that large and unanticipated ch”