Income Elasticity of Gasoline Demand: A Meta-Analysis
| Author: | Bc. Ondřej Kokeš |
|---|---|
| Year: | 2012 - summer |
| Leaders: | prof. 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 |
