Fuel demand in Brazil in a dynamic panel data approach

Detalhes bibliográficos
Autor(a) principal: Santos, Gervásio Ferreira dos
Data de Publicação: 2013
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UFBA
Texto Completo: http://www.repositorio.ufba.br/ri/handle/ri/12375
Resumo: Texto completo. Acesso restrito. p. 229–240
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spelling Santos, Gervásio Ferreira dosSantos, Gervásio Ferreira dos2013-07-31T14:35:32Z2013-07-31T14:35:32Z20130140-9883http://www.repositorio.ufba.br/ri/handle/ri/12375v. 36Texto completo. Acesso restrito. p. 229–240The purpose of this paper is to evaluate the sensitivity of fuel consumers regarding price and income, taking recent changes in the Brazilian fuel market into account. In this market, new market rules, energy policy towards fuel diversification and introduction of flex-fuel engines have determined fuel competition among gasoline, ethanol and compressed natural gas. Using a dynamic panel data model, demand equations for these three fuels are econometrically estimated to obtain consumer adjustment coefficients, price, cross-price and income elasticities in the short and long-run. In addition, the effect of the introduction of flex-fuel engines in the market and the rationality of consumers towards efficiency constraints of the engines were tested. Apart from considerable competition, results show that the dynamics of the Brazilian fuel market revolves around ethanol instead of gasoline. While demands for gasoline and natural gas are inelastic to price, demand for ethanol is elastic in Brazil. Furthermore, after the introduction of the flex-fuel technology the sensitivity of consumers to fuel prices changed, and ethanol consumers take efficiency constrains into account when ethanol prices reach the threshold of 70% of gasoline prices.Submitted by Santiago Fabio (fabio.ssantiago@hotmail.com) on 2013-06-26T13:50:58Z No. of bitstreams: 1 4444444444444444.pdf: 649407 bytes, checksum: 7d6b9f2781d47ae94a99e97908ef8dd1 (MD5)Approved for entry into archive by Vania Magalhaes(magal@ufba.br) on 2013-07-31T14:35:32Z (GMT) No. of bitstreams: 1 4444444444444444.pdf: 649407 bytes, checksum: 7d6b9f2781d47ae94a99e97908ef8dd1 (MD5)Made available in DSpace on 2013-07-31T14:35:32Z (GMT). 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dc.title.pt_BR.fl_str_mv Fuel demand in Brazil in a dynamic panel data approach
dc.title.alternative.pt_BR.fl_str_mv Energy Economics
title Fuel demand in Brazil in a dynamic panel data approach
spellingShingle Fuel demand in Brazil in a dynamic panel data approach
Santos, Gervásio Ferreira dos
Combustível
Política energética
Etanol
title_short Fuel demand in Brazil in a dynamic panel data approach
title_full Fuel demand in Brazil in a dynamic panel data approach
title_fullStr Fuel demand in Brazil in a dynamic panel data approach
title_full_unstemmed Fuel demand in Brazil in a dynamic panel data approach
title_sort Fuel demand in Brazil in a dynamic panel data approach
author Santos, Gervásio Ferreira dos
author_facet Santos, Gervásio Ferreira dos
author_role author
dc.contributor.author.fl_str_mv Santos, Gervásio Ferreira dos
Santos, Gervásio Ferreira dos
dc.subject.por.fl_str_mv Combustível
Política energética
Etanol
topic Combustível
Política energética
Etanol
description Texto completo. Acesso restrito. p. 229–240
publishDate 2013
dc.date.accessioned.fl_str_mv 2013-07-31T14:35:32Z
dc.date.available.fl_str_mv 2013-07-31T14:35:32Z
dc.date.issued.fl_str_mv 2013
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://www.repositorio.ufba.br/ri/handle/ri/12375
dc.identifier.issn.none.fl_str_mv 0140-9883
dc.identifier.number.pt_BR.fl_str_mv v. 36
identifier_str_mv 0140-9883
v. 36
url http://www.repositorio.ufba.br/ri/handle/ri/12375
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Energy Economics
publisher.none.fl_str_mv Energy Economics
dc.source.pt_BR.fl_str_mv http://dx.doi.org/10.1016/j.eneco.2012.08.012
dc.source.none.fl_str_mv reponame:Repositório Institucional da UFBA
instname:Universidade Federal da Bahia (UFBA)
instacron:UFBA
instname_str Universidade Federal da Bahia (UFBA)
instacron_str UFBA
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reponame_str Repositório Institucional da UFBA
collection Repositório Institucional da UFBA
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