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The Effects Of The Global Economic Crisis On The Markets For Fossil And Renewable Fuels

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  • Jobbagy, Peter
  • Bai, Attila
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    Abstract

    The 2008/2009 world economic crisis had significant impact on oil and fuel markets. This crisis has been developed from the meltdown of the American mortgage and financial market and spread throughout the global economy. As each country reacted differently to the crisis, the changes in the fuel market have also shown significant geographic variation. In our present research, the changes of the US, German and Hungarian fuel markets were analysed, looking for answers to the reasons behind different crisis reactions. We examined the tendency of fuel consumption, the changes of gasoline and diesel price elasticity and the possible effects of the crisis on the regulatory system.

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    File URL: http://purl.umn.edu/138149
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    Bibliographic Info

    Article provided by AGRIMBA in its journal APSTRACT: Applied Studies in Agribusiness and Commerce.

    Volume (Year): 06 (2012)
    Issue (Month): ()
    Pages:

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    Handle: RePEc:ags:apstra:138149

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    Web page: http://www.apstract.net/

    Related research

    Keywords: global economic crisis; fuel market; biofuels Figure 2:; Environmental Economics and Policy;

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