globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.111400
论文题名:
Price and income elasticities of oil demand in Mauritius: An empirical analysis using cointegration method
作者: Raghoo P.; Surroop D.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 140
语种: 英语
中文关键词: ARDL–ECM ; Elasticity ; Mauritius ; SIDS
英文关键词: Diesel engines ; Elasticity ; Fuel oils ; Taxation ; Consumer Response ; Electricity-consumption ; Empirical analysis ; Income elasticities ; Mauritius ; Petroleum demands ; Price elasticity ; SIDS ; Gasoline ; cointegration analysis ; consumption behavior ; demand analysis ; empirical analysis ; income distribution ; numerical model ; oil supply ; price dynamics ; Mascarene Islands ; Mauritius
英文摘要: There are no studies that quantify the effects of price and income on the demand of fuel oil, gasoline and diesel oil in Mauritius. In line with increasing retail prices for these commodities, there is no estimation of the effect that increasing price, income and other variables like electricity and vehicle stock have on demand of petroleum products which affects effective policymaking in this area. This study uses an ARDL–ECM model to determine consumer response on petroleum demand when price and income in Mauritius changes. The study determines the income and price elasticities of demand which is a needed parameter in transportation and taxation policies. It was found that gasoline is price and income inelastic in the short–run, diesel oil is income inelastic in the long–run and fuel oil is inelastic in the short–run but becomes elastic in the long–run, other variables being not significant. The effect of rising electricity consumption on fuel oil demand was to a ratio of 1: 1.1 on average. Vehicle stock is estimated to cause unprecedented increase in gasoline demand by nearly 3.1% on average. Results are essential for transportation and energy taxation policymaking. © 2020 Elsevier Ltd
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167434
Appears in Collections:气候变化与战略

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作者单位: University of Delaware, Biden School of Public Policy & Administration, Newark, DE 19716, United States; University of Mauritius, Department of Chemical & Environmental Engineering, Réduit, 80837, Mauritius

Recommended Citation:
Raghoo P.,Surroop D.. Price and income elasticities of oil demand in Mauritius: An empirical analysis using cointegration method[J]. Energy Policy,2020-01-01,140
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