Iwayemi, Akin; Adenikinju, Adeola; Babatunde, M. Adetunji - In: Energy Economics 32 (2010) 1, pp. 73-85
This paper formulates and estimates petroleum products demand functions in Nigeria at both aggregative and product level for the period 1977 to 2006 using multivariate cointegration approach. The estimated short and long-run price and income elasticities confirm conventional wisdom that energy...