A CO-INTEGRATION ANALYSIS OF THE PRICE AND INCOME ELASTICITY OF ENERGY DEMAND

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Abstract:

Only two studies by Cox (1978) and Durant (1991) have endeavoured to conduct an empirical investigation of energy demand in Barbados. Research in the area is useful, especially in the current environment of soaring oil prices and relatively high current account deficits. This paper examines the price and income elasticity of Barbados' dem...More

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