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The Elasticity of Demand for Gasoline in China

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  • Lin, C.-Y. Cynthia
  • Zeng, Jieyin Jean

Abstract

This paper estimates the price and income elasticities of demand for gasoline in China. Our estimates of the intermediate-run price elasticity of gasoline demand range between -0.497 and -0.196, and our estimates of the intermediate-run income elasticity of gasoline demand range between 1.01 and 1.05. We also extend previous studies to estimate the vehicle miles traveled (VMT) elasticity and obtain a range from -0.882 to -0.579.

Suggested Citation

  • Lin, C.-Y. Cynthia & Zeng, Jieyin Jean, 2012. "The Elasticity of Demand for Gasoline in China," Institute of Transportation Studies, Working Paper Series qt4p30613w, Institute of Transportation Studies, UC Davis.
    • Handle: RePEc:cdl:itsdav:qt4p30613w
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