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Gasoline and Diesel Price and Income Elasticities (CROSBI ID 250380)

Prilog u časopisu | pregledni rad (znanstveni) | međunarodna recenzija

Družić, Ivo ; Gelo, Tomislav ; Šušnjar, Ivan Gasoline and Diesel Price and Income Elasticities // International journal of multidisciplinarity in business and science, 4 (2018), 5; 139-145

Podaci o odgovornosti

Družić, Ivo ; Gelo, Tomislav ; Šušnjar, Ivan

engleski

Gasoline and Diesel Price and Income Elasticities

The paper analyzes the price and income elasticity of demand for petroleum products, gasoline and diesel. With regard to the share of petroleum products in the structure of household expenses, as well as the share in the government budget revenues, the elasticities of demand for petroleum products are one of the essential elements for the implementation of the economic policy. The paper provides a theoretical overview of elasticities. The price, income and cross-elasticity of demand and their application to petroleum products are presented. The difference between the short-run and long-run effects on the elasticity of demand for petroleum products is emphasized. The influence of fiscal policy on the elasticity of demand, with regard to both price and income, is analyzed. The conclusion is that the elasticity of demand for petroleum products (price and income) has decreased over time.

demand, gasoline, price, income, elasticity, transport

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Podaci o izdanju

4 (5)

2018.

139-145

objavljeno

1849-0581

Povezanost rada

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