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dc.contributor.authorBAKHAT, Mohcine
dc.contributor.authorLABANDEIRA, Xavier
dc.contributor.authorLABEAGA, Jose Maria
dc.contributor.authorLÓPEZ-OTERO, Xiral
dc.date.accessioned2017-02-22T14:06:21Z
dc.date.available2017-02-22T14:06:21Z
dc.date.issued2017
dc.identifier.issn1028-3625
dc.identifier.urihttps://hdl.handle.net/1814/45424
dc.description.abstractThis paper provides an updated calculation of the price and income responsiveness of Spanish consumers of car fuels, with an explicit exploration of the effects of the recent economic crisis. We examine separate gasoline and diesel demand models using a set of estimators on a panel of 16 Spanish regions over the period 1999-2015. The paper confirms the persistence of low own-price elasticities both for diesel and gasoline in the short and long runs. It also shows that the crisis of 2008-2013 slightly increased the price elasticity of demand for car fuels, with a higher effect on diesel than on gasoline. By contrary, the crisis slightly reduced the income elasticity of car-fuel demand. Given the intensity and length of the economic recession in Spain, the results of this paper may be useful to anticipate the effects of domestic public policies that impact car-fuel prices as well as to advance some of the potential consequences of crises elsewhere.en
dc.format.mimetypeapplication/pdfen
dc.language.isoenen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2017/09en
dc.relation.ispartofseriesFlorence School of Regulationen
dc.relation.ispartofseriesClimateen
dc.relation.ispartofseriesClimateen
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectDieselen
dc.subjectGasolineen
dc.subjectIncomeen
dc.subjectPriceen
dc.subjectRegionsen
dc.subjectC23en
dc.subjectD12en
dc.subjectQ41en
dc.titleElasticities of car fuels at times of economic crisis : an empirical analysis for Spainen
dc.typeWorking Paperen
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