Detail práce

The Elasticity of Demand for Gasoline: Evidence from the Czech Republic

Autor: Mgr. Radoslav Lacko
Rok: 2019 - letní
Vedoucí: Mgr. Petr Polák MSc.
Konzultant:
Typ práce: Diplomová
Finance, finanční trhy a bankovnictví
Jazyk: Anglicky
Stránky: 69
Ocenění:
Odkaz: https://is.cuni.cz/webapps/zzp/detail/211345/
Abstrakt: Studying the price responsiveness of the fuel demand is popular topic among
researchers. The price elasticity is used for predicting future tax revenues, or
fuel consumption under various situations. This thesis focuses on elasticity
estimation for the Czech Republic using high frequency evidence. We use the
process of data mining to get the Czech evidence. Observed elasticity differs by
the data aggregation level. Estimated long-run elasticity range between −0.38
and −0.68 for gasoline users and between −0.43 and −0.54 for diesel users.
Much lower elasticity was estimated in the short-run that confirms economic
theory

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