Long-run relationship among transport demand, income, and gasoline price for the US
نویسندگان
چکیده
منابع مشابه
estimation of long-run relationship between crude oil price and real exchange rate of us dollar
crude oil price and the u.s. effective exchange rate are two main economic variables that have had real effects on world welfare situation. the aim of this paper is to test whether there is a stable long-run relationship between oil prices and the u.s. dollar, expressed in real term. to this end, we perform co-integration and causality tests between the two variables, using quarterly data from ...
متن کاملStructural Change with Long-run Income and Price Effects
We present a new multi-sector growth model that features nonhomothetic, constantelasticity-of-substitution preferences, and accommodates long-run demand and supply drivers of structural change. The model generates a log-linear relationship between relative sectoral demand and real income, implying non-vanishing nonhomotheticities for all income levels. The model is consistent with the decline i...
متن کاملCSEM WP 159 Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand
Understanding the sensitivity of gasoline demand to changes in prices and income has important implications for policies related to climate change, optimal taxation and national security, to name only a few. While the short-run price and income elasticities of gasoline demand in the United States have been studied extensively, the vast majority of these studies focus on consumer behavior in the...
متن کاملEvidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand
Understanding the sensitivity of gasoline demand to changes in prices and income has important implications for policies related to climate change, optimal taxation and national security, to name only a few. While the short-run price and income elasticities of gasoline demand in the United States have been studied extensively, the vast majority of these studies focus on consumer behavior in the...
متن کاملA Semiparametric Analysis of Gasoline Demand in the US: Reexamining The Impact of Price
The evaluation of the impact of an increase in gasoline tax on demand relies crucially on the estimate of the price elasticity. This paper presents an extended application of the Partially Linear Additive Model (PLAM) to the analysis of gasoline demand using a panel of US households, focusing mainly on the estimation of the price elasticity. Methodologically, we propose a root-n consistent esti...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Transportation Research Part D: Transport and Environment
سال: 2009
ISSN: 1361-9209
DOI: 10.1016/j.trd.2008.10.006