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A global survey of gasoline and diesel price and income elasticities (CROSBI ID 662365)

Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija

Gelo, Tomislav ; Šušnjar, Ivan ; Džakula, Miro A global survey of gasoline and diesel price and income elasticities // 9th International Conference An Enterprise Odyssey: Managing Change to Achieve Quality Development / Načinović Braje, Ivana ; Jaković, Božidar ; Pavić, Ivana (ur.). Zagreb: Ekonomski fakultet Sveučilišta u Zagrebu, 2018. str. 58-68

Podaci o odgovornosti

Gelo, Tomislav ; Šušnjar, Ivan ; Džakula, Miro

engleski

A global survey of gasoline and diesel price and income elasticities

This paper analyses price and income elasticity of demand as one of the main indicator of the market response to certain price or income changes. Price and income elasticity can be easily empirically established and directly used for planning various price and tax policies. Therefore, one of the most frequently investigated statistical correlation is the correlation between prices and income and consumption of petroleum products. For this reason, the demand for petroleum products is expressed as a multiplicative function between driving efficiency, mileage per car and car ownership. In a world where energy and energy supply is one of the fundamental obligations of a country, car demand has attracted great attention from scientific researchers. Theoretical overview of elasticities (price, income and cross-elasticity of demand for petroleum products) are analyzed in the first part with special accent to the difference between the short-run and long-run effects on the elasticity of demand. Fiscal policy and its influence on the elasticity of demand is also investigated in first part of the paper. Overview of global studies of price and income elasticity of demand for petroleum products are investigated in second part of the paper. The conclusion which is imposed from all the analyzed studies is that the elasticity of demand for petroleum products (price and income) has decreased from 1970.

elasticity, price, income, diesel, gasoline, taxation

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Podaci o prilogu

58-68.

2018.

objavljeno

Podaci o matičnoj publikaciji

9th International Conference An Enterprise Odyssey: Managing Change to Achieve Quality Development

Načinović Braje, Ivana ; Jaković, Božidar ; Pavić, Ivana

Zagreb: Ekonomski fakultet Sveučilišta u Zagrebu

978-953-346-057-4

Podaci o skupu

9th International Conference “An Enterprise Odyssey: Managing Change to Achieve Quality Development”

predavanje

23.05.2018-26.05.2018

Zagreb, Hrvatska

Povezanost rada

Povezane osobe




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Indeksiranost