气候变化领域集成服务门户(CCPortal): Price and income elasticities of oil demand in Mauritius: An empirical analysis using cointegration method

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DOI	10.1016/j.enpol.2020.111400
	Price and income elasticities of oil demand in Mauritius: An empirical analysis using cointegration method
	Raghoo P.; Surroop D.
发表日期	2020
ISSN	03014215
卷号	140
英文摘要	There are no studies that quantify the effects of price and income on the demand of fuel oil, gasoline and diesel oil in Mauritius. In line with increasing retail prices for these commodities, there is no estimation of the effect that increasing price, income and other variables like electricity and vehicle stock have on demand of petroleum products which affects effective policymaking in this area. This study uses an ARDL–ECM model to determine consumer response on petroleum demand when price and income in Mauritius changes. The study determines the income and price elasticities of demand which is a needed parameter in transportation and taxation policies. It was found that gasoline is price and income inelastic in the short–run, diesel oil is income inelastic in the long–run and fuel oil is inelastic in the short–run but becomes elastic in the long–run, other variables being not significant. The effect of rising electricity consumption on fuel oil demand was to a ratio of 1: 1.1 on average. Vehicle stock is estimated to cause unprecedented increase in gasoline demand by nearly 3.1% on average. Results are essential for transportation and energy taxation policymaking. © 2020 Elsevier Ltd
关键词	ARDL–ECM Elasticity Mauritius SIDS
英文关键词	Diesel engines; Elasticity; Fuel oils; Taxation; Consumer Response; Electricity-consumption; Empirical analysis; Income elasticities; Mauritius; Petroleum demands; Price elasticity; SIDS; Gasoline; cointegration analysis; consumption behavior; demand analysis; empirical analysis; income distribution; numerical model; oil supply; price dynamics; Mascarene Islands; Mauritius
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204830
作者单位	University of Delaware, Biden School of Public Policy & Administration, Newark, DE 19716, United States; University of Mauritius, Department of Chemical & Environmental Engineering, Réduit, 80837, Mauritius
推荐引用方式 GB/T 7714	Raghoo P.,Surroop D.. Price and income elasticities of oil demand in Mauritius: An empirical analysis using cointegration method[J],2020,140.
APA	Raghoo P.,&Surroop D..(2020).Price and income elasticities of oil demand in Mauritius: An empirical analysis using cointegration method.Energy Policy,140.
MLA	Raghoo P.,et al."Price and income elasticities of oil demand in Mauritius: An empirical analysis using cointegration method".Energy Policy 140(2020).