Demand for light fuels in Brazil: an approach using spatial panel data models

Detalhes bibliográficos
Autor(a) principal: Cardoso, Leonardo Chaves Borges
Data de Publicação: 2020
Outros Autores: Bittencourt, Maurício Vaz Lobo, Porsse, Alexandre Alves
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Nova Economia (Online)
Texto Completo: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4327
Resumo: The need for changes in the current energy matrix is a reality due to the possibility of a shortage of fossil fuels and the environmental damage caused by emissions related to fossil fuel use. The correct prescription of public policies for energy markets depends on the knowledge of demand elasticities. Hence, the aim of this work was to estimate the main determinants of light fuel demands in Brazil. Dynamic and non-dynamic estimators were used, and the results indicated that both demands respond more to changes in gasoline prices than changes in ethanol prices. Therefore, public policies that aim to change consumption patterns should focus on gasoline prices.
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spelling Demand for light fuels in Brazil: an approach using spatial panel data models Demanda por combustíveis leves no Brasil: uma abordagem usando modelos espaciais de dados em painel The need for changes in the current energy matrix is a reality due to the possibility of a shortage of fossil fuels and the environmental damage caused by emissions related to fossil fuel use. The correct prescription of public policies for energy markets depends on the knowledge of demand elasticities. Hence, the aim of this work was to estimate the main determinants of light fuel demands in Brazil. Dynamic and non-dynamic estimators were used, and the results indicated that both demands respond more to changes in gasoline prices than changes in ethanol prices. Therefore, public policies that aim to change consumption patterns should focus on gasoline prices.As mudanças na atual matriz energética são necessárias por conta da futura escassez dos fósseis e pelos danos causados por seu consumo. A correta prescrição de políticas públicas para os mercados de energia necessita do conhecimento das elasticidades da demanda. Por isso, o objetivo deste estudo é estimar os principais determinantes da demanda para o etanol e para a gasolina no Brasil. Estimadores dinâmicos e não dinâmicos foram utilizados e os resultados indicam que ambas as demandas respondem mais a mudanças nos preços da gasolina do que a mudanças nos preços do etanol. Por isso, políticas públicas focadas em mudar hábitos de consumo (redução do consumo de gasolina, por exemplo) têm no preço da gasolina um bom instrumento.Departamento de Ciências Econômicas da UFMG2020-06-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4327Nova Economia; Vol. 30 No. 1 (2020); 231-256Nova Economia; v. 30 n. 1 (2020); 231-2561980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGenghttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4327/3108Copyright (c) 2020 Leonardo Chaves Borges Cardoso, Maurício Vaz Lobo Bittencourt, Alexandre Alves Porsseinfo:eu-repo/semantics/openAccessCardoso, Leonardo Chaves BorgesBittencourt, Maurício Vaz LoboPorsse, Alexandre Alves2020-10-04T22:21:26Zoai:ojs.pkp.sfu.ca:article/4327Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2020-10-04T22:21:26Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false
dc.title.none.fl_str_mv Demand for light fuels in Brazil: an approach using spatial panel data models
Demanda por combustíveis leves no Brasil: uma abordagem usando modelos espaciais de dados em painel
title Demand for light fuels in Brazil: an approach using spatial panel data models
spellingShingle Demand for light fuels in Brazil: an approach using spatial panel data models
Cardoso, Leonardo Chaves Borges
title_short Demand for light fuels in Brazil: an approach using spatial panel data models
title_full Demand for light fuels in Brazil: an approach using spatial panel data models
title_fullStr Demand for light fuels in Brazil: an approach using spatial panel data models
title_full_unstemmed Demand for light fuels in Brazil: an approach using spatial panel data models
title_sort Demand for light fuels in Brazil: an approach using spatial panel data models
author Cardoso, Leonardo Chaves Borges
author_facet Cardoso, Leonardo Chaves Borges
Bittencourt, Maurício Vaz Lobo
Porsse, Alexandre Alves
author_role author
author2 Bittencourt, Maurício Vaz Lobo
Porsse, Alexandre Alves
author2_role author
author
dc.contributor.author.fl_str_mv Cardoso, Leonardo Chaves Borges
Bittencourt, Maurício Vaz Lobo
Porsse, Alexandre Alves
description The need for changes in the current energy matrix is a reality due to the possibility of a shortage of fossil fuels and the environmental damage caused by emissions related to fossil fuel use. The correct prescription of public policies for energy markets depends on the knowledge of demand elasticities. Hence, the aim of this work was to estimate the main determinants of light fuel demands in Brazil. Dynamic and non-dynamic estimators were used, and the results indicated that both demands respond more to changes in gasoline prices than changes in ethanol prices. Therefore, public policies that aim to change consumption patterns should focus on gasoline prices.
publishDate 2020
dc.date.none.fl_str_mv 2020-06-10
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4327
url https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4327
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4327/3108
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
dc.source.none.fl_str_mv Nova Economia; Vol. 30 No. 1 (2020); 231-256
Nova Economia; v. 30 n. 1 (2020); 231-256
1980-5381
0103-6351
reponame:Nova Economia (Online)
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Nova Economia (Online)
collection Nova Economia (Online)
repository.name.fl_str_mv Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)
repository.mail.fl_str_mv ||ne@face.ufmg.br
_version_ 1799711059764838400

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