The elasticity of demand for gasoline in China

This paper estimates the price and income elasticities of demand for gasoline in China. Our estimates of the intermediate-run price elasticity of gasoline demand range between −0.497 and −0.196, and our estimates of the intermediate-run income elasticity of gasoline demand range between 1.01 and 1.0...

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Veröffentlicht in:	Energy policy 2013-08, Vol.59, p.189-197
Hauptverfasser:	Lin, C.-Y. Cynthia, Zeng, Jieyin (Jean)
Format:	Artikel
Sprache:	eng
Schlagworte:	Applied sciences Asia Pacific Region China China (People's Republic) demand elasticities Economic data Economic theory Elasticity of demand Energy Energy economics Energy policy Estimates Exact sciences and technology Fossil fuels and derived products Gas industry gasoline Gasoline price elasticity Gasoline prices General, economic and professional studies Income income elasticities Income elasticity Natural resources Oil Petrol Price elasticity Prices Studies Vehicles VMT elasticity
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Zusammenfassung:	This paper estimates the price and income elasticities of demand for gasoline in China. Our estimates of the intermediate-run price elasticity of gasoline demand range between −0.497 and −0.196, and our estimates of the intermediate-run income elasticity of gasoline demand range between 1.01 and 1.05. We also extend previous studies to estimate the vehicle miles traveled (VMT) elasticity and obtain a range from −0.882 to −0.579. •The price elasticity of demand for gasoline in China is between −0.497 and −0.196.•The income elasticity of demand for gasoline in China is between 1.01 and 1.05.•The price elasticity of demand for VMT in China is between −0.882 and −0.579.
ISSN:	0301-4215 1873-6777
DOI:	10.1016/j.enpol.2013.03.020