The systemic, long-run relation among gasoline demand, gasoline price, income, and vehicle ownership in OECD countries: Evidence from panel cointegration and causality modeling
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چکیده
منابع مشابه
Long-Run and Short-Run Causality between Stock Price and Gold Price: Evidence of VECM Analysis from India
The prime objective of the study is to identify the long-run and short-run relationship between Indian stock price viz., BSE SENSEX (hereafter named as BSE) and gold price (GOLD) in India. The daily closing price data were collected for the period of ten years ranging from 1st April 2004 to 31st March 2014 with 2490 observations. The study employed two models: Model one us...
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Today, factors such as increasing energy efficiency, use of alternative fuels, and application of new fuel standards and new environmental laws in OECD countries have led to wide-range of changes in the structure of demand for fossil fuels. Given the importance of light derivatives, namely gasoline, jet fuel and diesel in the demand basked of OECD countries we focus on these products. We use ...
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...
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ژورنال
عنوان ژورنال: Transportation Research Part D: Transport and Environment
سال: 2012
ISSN: 1361-9209
DOI: 10.1016/j.trd.2012.01.007