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Spatial Panel Data Models And Fueldemand In Brazil

Author

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  • GERVÁSIO FERREIRA DOS SANTOS
  • WESLEM RODRIGUES FARIA

Abstract

The objective of this paper is to estimate the price and income elasticity for gasoline and ethanol in the fuel market for light vehicles in Brazil using spatial panel data models. Besides diversification, there are spatial features of fuel demand and supply that might influence heterogeneity in the behavior of regional consumers. Consumer behavior is heterogeneous and directly and indirectly influenced by different supply gaps and transportation and distribution costs. Thus, spatial panel data models are used to estimate price and income elasticities of gasoline and ethanol. The spatial heterogeneity and autocorrelation in the regional consumer preferences are controlled. Results showed that, aside strong evidence of the influence of spatial autocorrelation in the consumption of gasoline and ethanol, there also is a considerable competition between these fuels, mainly due to the flex-fuel technology.
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Suggested Citation

  • Gervásio Ferreira Dos Santos & Weslem Rodrigues Faria, 2014. "Spatial Panel Data Models And Fueldemand In Brazil," Anais do XL Encontro Nacional de Economia [Proceedings of the 40th Brazilian Economics Meeting] 192, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    • Handle: RePEc:anp:en2012:192
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    Cited by:

    1. Huntington, Hillard G. & Barrios, James J. & Arora, Vipin, 2019. "Review of key international demand elasticities for major industrializing economies," Energy Policy, Elsevier, vol. 133(C).
    2. Leonardo Chaves Borges Cardoso & Maurício Vaz Lobo Bittencourt & Alexandre Alves Porsse, 2014. "Demanda Por Combustíveis Leves No Brasil: Uma Abordagem Utilizando Painéis Espaciais Dinâmicos," Anais do XLI Encontro Nacional de Economia [Proceedings of the 41st Brazilian Economics Meeting] 194, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    3. Mahyudin Ahmad & Siong Hook Law, 2024. "Financial development, institutions, and economic growth nexus: A spatial econometrics analysis using geographical and institutional proximities," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 2699-2721, July.
    4. Mahyudin Ahmad & Stephen G. Hall, 2023. "The growth effects of economic and political institutions: new evidence from spatial econometrics analysis using historical-based institutional matrix," Economic Change and Restructuring, Springer, vol. 56(2), pages 749-780, April.
    5. Ahmad, Mahyudin & Hall, Stephen G. & Law, Siong Hook & Nayan, Sabri, 2023. "The spillover effects of financial development and institutions on economic growth in emerging economies: new insights from spatial Durbin approach," MPRA Paper 118966, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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