Author/Authors :
Diego Malagueta، نويسنده , , Alexandre Szklo، نويسنده , , Bruno Soares Moreira Cesar Borba، نويسنده , , Rafael Soria، نويسنده , , Raymundo Arag?o، نويسنده , , Roberto Schaeffer، نويسنده , , Ricardo Dutra، نويسنده ,
Abstract :
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.
