Journal
TRANSPORTATION RESEARCH PART D-TRANSPORT AND ENVIRONMENT
Volume 17, Issue 4, Pages 327-331Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.trd.2012.01.007
Keywords
Gasoline demand elasticities; Gasoline consumption in OECD countries; Car ownership
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This paper looks at relationships between gasoline consumption per capita, income, gasoline price, and car ownership for a panel of OECD countries. Estimated long-run and short-run income elasticities are smaller than typically found and gasoline consumption is Granger-caused by gasoline price, but not by car ownership or income. Car ownership is Granger-caused by income and at the margin by gasoline consumption, but not by gasoline price. (C) 2012 Elsevier Ltd. All rights reserved.
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