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Analysis of Income Elasticities of Brazil s Energy Matrix

Author

Listed:
  • Marcos Gon alves Perroni

    (Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil)

  • S rgio Eduardo Gouv a da Costa

    (Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil,)

  • S rgio Eduardo Gouv a da Costa

    (Federal Technological University of Parana , UTFPR, 3165 Sete de Setembro Ave, Zip Code 80230-901 - Curitiba, PR, Brazil)

  • Wesley Vieira da Silva

    (Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil,)

  • Edson Pinheiro de Lima

    (Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil,)

  • Edson Pinheiro de Lima

    (Federal Technological University of Parana , UTFPR, 3165 Sete de Setembro Ave, Zip Code 80230-901 - Curitiba, PR, Brazil)

  • Claudimar Pereira da Veiga

    (Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil)

  • Claudimar Pereira da Veiga

    (Department of Business Management/PPGADM, Federal University of Paran , UFPR, 632 Prof. Lothario Meissner Ave, Zip Code 802010-170, Curitiba, PR, Brazil)

Abstract

This study aims to estimate and analyze the income elasticities of Brazil s energy matrix, represented by the supply and consumption of energy. We sought to compare the income elasticities of both energy products and consumption through secondary sources and consumer sectors. This is an explanatory or relational research of an ex-post-facto nature, analyzing the period from 1970 to 2011, using the ANCOVA-EC estimation method. The results obtained from the estimates show that both for energy products, as in relation to industrial sectors, the elasticities are statistically different. The naphta, natural gas and ethyl alcohol had the highest elasticities in the energy matrix, and the industries ferro-alloy, non-ferrous metals and nonenergy are the most sensitive to income growth. When elasticities are compared with the sectoral energy intensity index, there is evidence that less efficient sectors have higher income elasticities. In summary the results show that there is sectors or products that are more sensitive to economic growth where the energy-intensive and demand presented as the main factors to explain the sensitivity, there is also evidence to demonstrate that the level of efficiency is different compared the different sectors.

Suggested Citation

  • Marcos Gon alves Perroni & S rgio Eduardo Gouv a da Costa & S rgio Eduardo Gouv a da Costa & Wesley Vieira da Silva & Edson Pinheiro de Lima & Edson Pinheiro de Lima & Claudimar Pereira da Veiga & Cla, 2016. "Analysis of Income Elasticities of Brazil s Energy Matrix," International Journal of Energy Economics and Policy, Econjournals, vol. 6(3), pages 431-441.
    • Handle: RePEc:eco:journ2:2016-03-8
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    References listed on IDEAS

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    More about this item

    Keywords

    Income Elasticity; Price Elasticity; Energy Matrix; Sector Demand for Energy;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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