期刊
ENERGY POLICY
卷 63, 期 -, 页码 674-680出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2013.08.084
关键词
Gasoline demand; Elasticities; Error correction model
资金
- Swiss Federal Office of Energy
- Swiss Federal Office for the Environment
Using cointegration techniques, we investigate the determinants of gasoline demand in Switzerland over the period 1970-2008. We obtain a very weak price elasticity of -0.09 in the short run and -0.34 in the long run. For fuel demand, i.e. gasoline plus diesel, the corresponding price elasticities are -0.08 and -0.27. Our rich dataset allows working with quarterly data and with more explicative variables than usual in this literature. In addition to the traditional price and income variables, we account for variables like vehicle stocks, fuel prices in neighbouring countries, oil shocks and fuel taxes. All of these additional variables are found to be significant determinants of demand. (C) 2013 Elsevier Ltd. All rights reserved.
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