Work detail

Income Elasticity of Gasoline Demand: A Meta-Analysis

Author: Bc. Ondřej Kokeš
Year: 2012 - summer
Leaders: doc. PhDr. Tomáš Havránek Ph.D.
Consultants:
Work type: Bachelors
Language: English
Pages: 55
Awards and prizes:
Link:
Abstract: In this thesis I summarize previous studies estimating income elasticity of gaso-
line demand, analyze the models employed, comment on the evolution of econo-
metric tools used, and nally perform a meta-analysis. This thesis is the rst
survey on gasoline income elasticity that takes into account publication bias.
It also distinguishes between models including car stock information in estima-
tion. I estimate the underlying short-run elasticity to be 0.1, long-run with car
stock 0.234, and long-run without car stock 0.644. These results, on average,
point to less income-elastic demand for gasoline than what previous surveys
found.
Downloadable: Bachelor Theses of Kokes

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