Análisis empírico de la función de demanda por gasolina en Puerto Rico: (1999-2006)
[Empirical analysis of the demand function for gasoline in Puerto Rico: (1999-2006)]
AbstractThis paper makes an empirical analysis to the functional form derived from the demand function for gasoline in Puerto Rico. According to the structure of the gas market in Puerto Rico and the international context, we studied the consumption of gasoline based on an exercise of constrained optimization. The demand function for that model was the basis for the empirical development. According to empirical evidence gasoline consumption has a direct relationship with the price of gasoline, personal income and the number of motor vehicles and a negative relationship with respect to the unemployment rate.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 41273.
Date of creation: 2012
Date of revision:
Publication status: Published in Observatorio de la economía latinoamericana 171.N/A(2012): pp. 1-25
Fuel consumption; demand function; gasoline market;
Find related papers by JEL classification:
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
- N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-22 (All new papers)
- NEP-ENE-2012-09-22 (Energy Economics)
- NEP-TRE-2012-09-22 (Transport Economics)
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