Meta-analysis of the income and price elasticities of gasoline demand: public policy implications for Latin America

By means of a meta-analysis, this article sets out to estimate average values for the income and price elasticities of gasoline demand and to analyse the reasons for the variations in the elasticities reported by the literature. The findings show that there is publication bias, that the volatility o...

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Autores principales:	Galindo, Luis Miguel, Samaniego, Joseluis, Alatorre, José Eduardo
Formato:	Texto
Lenguaje:	English
Publicado:	2016
Materias:	GASOLINA OFERTA Y DEMANDA PRECIOS CONSUMO MODELOS ECONOMETRICOS GASOLINE SUPPLY AND DEMAND PRICES CONSUMPTION ECONOMETRIC MODELS
Acceso en línea:	http://hdl.handle.net/11362/40057
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spelling	oai-11362-400572020-03-06T16:50:27Z Meta-analysis of the income and price elasticities of gasoline demand: public policy implications for Latin America Galindo, Luis Miguel Samaniego, Joseluis Alatorre, José Eduardo GASOLINA OFERTA Y DEMANDA PRECIOS CONSUMO MODELOS ECONOMETRICOS GASOLINE SUPPLY AND DEMAND PRICES CONSUMPTION ECONOMETRIC MODELS By means of a meta-analysis, this article sets out to estimate average values for the income and price elasticities of gasoline demand and to analyse the reasons for the variations in the elasticities reported by the literature. The findings show that there is publication bias, that the volatility of elasticity estimates is not due to sampling errors alone, and that there are systematic factors explaining these differences. The income and price elasticities of gasoline demand differ between the short and long run and by region, and the estimation can appropriately include the vehicle fleet and the prices of substitute goods, the data types and the estimation methods used. The presence of a low price elasticity suggests that a fuel tax will be inadequate to control rising consumption in a context of rapid economic growth. 2016-04-20T13:55:21Z 2016-04-20T13:55:21Z 2015-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/40057 LC/G.2652-P 1 en CEPAL Review CEPAL Review 117 .pdf application/pdf AMERICA LATINA LATIN AMERICA
institution	Cepal
collection	Cepal
language	English
topic	GASOLINA OFERTA Y DEMANDA PRECIOS CONSUMO MODELOS ECONOMETRICOS GASOLINE SUPPLY AND DEMAND PRICES CONSUMPTION ECONOMETRIC MODELS
spellingShingle	GASOLINA OFERTA Y DEMANDA PRECIOS CONSUMO MODELOS ECONOMETRICOS GASOLINE SUPPLY AND DEMAND PRICES CONSUMPTION ECONOMETRIC MODELS Galindo, Luis Miguel Samaniego, Joseluis Alatorre, José Eduardo Meta-analysis of the income and price elasticities of gasoline demand: public policy implications for Latin America
description	By means of a meta-analysis, this article sets out to estimate average values for the income and price elasticities of gasoline demand and to analyse the reasons for the variations in the elasticities reported by the literature. The findings show that there is publication bias, that the volatility of elasticity estimates is not due to sampling errors alone, and that there are systematic factors explaining these differences. The income and price elasticities of gasoline demand differ between the short and long run and by region, and the estimation can appropriately include the vehicle fleet and the prices of substitute goods, the data types and the estimation methods used. The presence of a low price elasticity suggests that a fuel tax will be inadequate to control rising consumption in a context of rapid economic growth.
format	Texto
author	Galindo, Luis Miguel Samaniego, Joseluis Alatorre, José Eduardo
author_facet	Galindo, Luis Miguel Samaniego, Joseluis Alatorre, José Eduardo
author_sort	Galindo, Luis Miguel
title	Meta-analysis of the income and price elasticities of gasoline demand: public policy implications for Latin America
title_short	Meta-analysis of the income and price elasticities of gasoline demand: public policy implications for Latin America
title_full	Meta-analysis of the income and price elasticities of gasoline demand: public policy implications for Latin America
title_fullStr	Meta-analysis of the income and price elasticities of gasoline demand: public policy implications for Latin America
title_full_unstemmed	Meta-analysis of the income and price elasticities of gasoline demand: public policy implications for Latin America
title_sort	meta-analysis of the income and price elasticities of gasoline demand: public policy implications for latin america
publishDate	2016
url	http://hdl.handle.net/11362/40057
work_keys_str_mv	AT galindoluismiguel metaanalysisoftheincomeandpriceelasticitiesofgasolinedemandpublicpolicyimplicationsforlatinamerica AT samaniegojoseluis metaanalysisoftheincomeandpriceelasticitiesofgasolinedemandpublicpolicyimplicationsforlatinamerica AT alatorrejoseeduardo metaanalysisoftheincomeandpriceelasticitiesofgasolinedemandpublicpolicyimplicationsforlatinamerica
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Meta-analysis of the income and price elasticities of gasoline demand: public policy implications for Latin America

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