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Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?

Author

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  • Jeyhun Mikayilov
  • Fred Joutz
  • Fakhri Hasanov

    (King Abdullah Petroleum Studies and Research Center)

Abstract

After the drop in international oil prices in 2014, oil-exporting countries started to launch new policies to develop their economies. It is important that policymakers involved in energy and economic development understand how economic agents respond to increased energy prices and how the latter affects the demand for different fuels.

Suggested Citation

  • Jeyhun Mikayilov & Fred Joutz & Fakhri Hasanov, 2019. "Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?," Discussion Papers ks--2019-dp81, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2019-dp81
    DOI: 10.30573/KS-2019-DP81
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    References listed on IDEAS

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    Cited by:

    1. Aldubyan, Mohammad & Gasim, Anwar, 2021. "Energy price reform in Saudi Arabia: Modeling the economic and environmental impacts and understanding the demand response," Energy Policy, Elsevier, vol. 148(PB).
    2. Salaheddine Soummane & F. Ghersi, 2022. "Projecting Saudi sectoral electricity demand in 2030 using a computable general equilibrium model," Post-Print hal-03500916, HAL.
    3. Gasim, Anwar A. & Agnolucci, Paolo & Ekins, Paul & De Lipsis, Vincenzo, 2023. "Modeling final energy demand and the impacts of energy price reform in Saudi Arabia," Energy Economics, Elsevier, vol. 120(C).

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    Keywords

    Gasoline Demand; Gasoline Prices; Time-varying elasticities;
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