The elasticity of demand for gasoline in China
AbstractThis paper estimates the price and income elasticities of demand for gasoline in China. Our estimates of the intermediate-run price elasticity of gasoline demand range between −0.497 and −0.196, and our estimates of the intermediate-run income elasticity of gasoline demand range between 1.01 and 1.05. We also extend previous studies to estimate the vehicle miles traveled (VMT) elasticity and obtain a range from −0.882 to −0.579.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 59 (2013)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/enpol
China; Gasoline price elasticity; VMT elasticity;
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