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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (35498)8/17/2005 1:46:27 AM
From: kormac  Read Replies (1) of 116555
 
The information is from

OPEC Review
Volume 27 Issue 1 Page 1 - March 2003
doi:10.1111/1468-0076.00121

Price elasticity of demand for crude oil: estimates for 23 countries
John C.B. Cooper

There is of course a great deal of variation county by county, but the numbers for the USA are:

USA -0.061 and -0.453
UK -0.068 and -0.182
Japan -0.071 and -0.357

These were for the period 1979-2000.
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