Short-run price and income elasticity of gasoline demand

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dc.contributor.author Marrouch, Walid en_US
dc.contributor.author Sita, Bernard Ben en_US
dc.contributor.author Abosedra, Salah en_US
dc.date.accessioned 2016-01-28T13:21:03Z en_US
dc.date.available 2016-01-28T13:21:03Z en_US
dc.date.copyright 2012 en_US
dc.date.issued 2018-05-18
dc.identifier.issn 0301-4215 en_US
dc.identifier.uri http://hdl.handle.net/10725/2974 en_US
dc.description.abstract We empirically estimate the demand for gasoline in the presence of multiple shifts caused by structural breaks using monthly data from Lebanon covering the period 2000:M1–2010:M12. Consistent with most studies in the literature, our study reports that gasoline is price and income inelastic in the short-run. However, when a single and multiple breaks are introduced, the consumers’ responsiveness to gasoline price and income increase. Since both price and income elasticity are sensitive to structural changes, a policy that pleads for a flat excise tax may not be optimal with respect to either the cyclical pattern of government revenues or the internalization of international environment standards. en_US
dc.language.iso en en_US
dc.title Short-run price and income elasticity of gasoline demand en_US
dc.type Article en_US
dc.description.version Published en_US
dc.title.subtitle Evidence from Lebanon en_US
dc.author.school SOB en_US
dc.author.idnumber 200603722 en_US
dc.author.idnumber 200200185 en_US
dc.author.woa N/A en_US
dc.author.department Department of Economics (ECON) en_US
dc.description.embargo N/A en_US
dc.relation.journal Energy Policy en_US
dc.journal.volume 46 en_US
dc.article.pages 109-115 en_US
dc.keywords Gasoline demand en_US
dc.keywords Elasticity en_US
dc.keywords Structural breaks en_US
dc.identifier.doi http://dx.doi.org/10.1016/j.enpol.2012.03.041 en_US
dc.identifier.ctation Sita, B. B., Marrouch, W., & Abosedra, S. (2012). Short-run price and income elasticity of gasoline demand: Evidence from Lebanon. Energy Policy, 46, 109-115. en_US
dc.author.email bernard.bensita@lau.edu.lb en_US
dc.author.email walid.marrouch@lau.edu.lb en_US
dc.identifier.url http://www.sciencedirect.com/science/article/pii/S0301421512002467 en_US
dc.orcid.id https://orcid.org/0000-0001-8488-6555 en_US

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