Pregled bibliografske jedinice broj: 934210
Gasoline and Diesel Price and Income Elasticities
Gasoline and Diesel Price and Income Elasticities // International Journal of Multidisciplinarity in Business and Science (IJMBS) of M-Sphere, 4 (2018), 5; 139-145 (međunarodna recenzija, pregledni rad, znanstveni)
CROSBI ID: 934210 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Gasoline and Diesel Price and Income Elasticities
Autori
Družić, Ivo ; Gelo, Tomislav ; Šušnjar, Ivan
Izvornik
International Journal of Multidisciplinarity in Business and Science (IJMBS) of M-Sphere (1849-0581) 4
(2018), 5;
139-145
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, pregledni rad, znanstveni
Ključne riječi
demand, gasoline, price, income, elasticity, transport
Sažetak
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.
Izvorni jezik
Engleski
