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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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    6. Ramsey, J B & Rasche, R & Allen, Bruce T, 1975. "An Analysis of the Private and Commercial Demand for Gasoline," The Review of Economics and Statistics, MIT Press, vol. 57(4), pages 502-507, November.
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    8. Ramanathan, R., 1999. "Short- and long-run elasticities of gasoline demand in India: An empirical analysis using cointegration techniques," Energy Economics, Elsevier, vol. 21(4), pages 321-330, August.
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    Cited by:

    1. Milcho BLIZNAKOV, 2023. "An Approach To Modeling The Probable Consumers Demand Of Food Products Using Pearson Distribution System And Johnson Distribution System," Business & Management Compass, University of Economics Varna, issue 3, pages 224-237.

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