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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)]

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  • Rodríguez, Carlos A.

Abstract

This 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.

Suggested Citation

  • Rodríguez, Carlos A., 2012. "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)]," MPRA Paper 41273, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:41273
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    References listed on IDEAS

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    More about this item

    Keywords

    Fuel consumption; demand function; gasoline market;
    All these keywords.

    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

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