IDEAS home Printed from https://ideas.repec.org/a/avo/emipdu/v23y2014i1p105-126.html
   My bibliography  Save this article

The Impact Of Petroleum Product Price Movements On The Automotive Market In The Republic Of Croatia

Author

Listed:
  • Zoran Kovacevic

    (University of Zagreb, Faculty of Economics and Business, Zagreb)

  • Ivan Susnjar

    (INA-Industrija nafte d.d. Zagreb)

  • Tomislav Gelo

    (University of Zagreb, Faculty of Economics and Business, Zagreb)

Abstract

The aim of this paper is to determine the connection between the price of petroleum products and structural changes in the demand for newly registered vehicles in the Republic of Croatia. The liberalization of petroleum product prices in 2000 led to their significant and continuous growth until 2012. At the same time, the number and structure of newly registered passenger cars have greatly changed. The market was growing until 2008 and was followed by significant decline. The share of gasoline-powered cars is changing within the overall structure and the individual vehicle classes. Two important changes that are going in two opposite directions occur on the vehicle market. The expenditures on purchase of vehicles are falling but expenditures on fuel and lubricants are growing. At the same time, the expenditures for vehicle repairs are growing as well. By analysing the relationship between the prices of petroleum products and the overall structural changes of newly registered passenger cars from 2000 to 2011 on the Croatian territory, the authors conclude that the results do not indicate any link between the annual gasoline and diesel price volatility and the share in the structure (according to class) of newly registered passenger cars. Also the results do not indicate the existence of links between the annual petrol and diesel price volatility and the total number of newly registered cars.

Suggested Citation

  • Zoran Kovacevic & Ivan Susnjar & Tomislav Gelo, 2014. "The Impact Of Petroleum Product Price Movements On The Automotive Market In The Republic Of Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 23(1), pages 105-126, june.
    • Handle: RePEc:avo:emipdu:v:23:y:2014:i:1:p:105-126
    as

    Download full text from publisher

    File URL: https://hrcak.srce.hr/clanak/182458
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    price; petroleum products; market; structure; vehicle;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:avo:emipdu:v:23:y:2014:i:1:p:105-126. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nebojsa Stojcic (email available below). General contact details of provider: https://edirc.repec.org/data/oedubhr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.