Demand for light fuels in Brazil: an approach using spatial panel data models
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| Format: | Artículo científico |
| Language: | en |
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Universidade Federal de Minas Gerais
2020
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| _version_ | 1876452003051208704 |
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| author | Leonardo C. B. Cardoso |
| author_facet | Leonardo C. B. Cardoso |
| contents | Demand for light fuels in Brazil: an approach using spatial panel data models Leonardo C. B. Cardoso Maurício V. L. Bittencourt Alexandre A. Porsse Economía y Finanzas ethanol gasoline panel data Spatial econometrics 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. 2020 artículo científico 0103-6351 https://www.redalyc.org/articulo.oa?id=400465622009 https://www.redalyc.org/journal/4004/400465622009/ https://www.redalyc.org/journal/4004/400465622009/html/ https://www.redalyc.org/journal/4004/400465622009/400465622009.epub https://www.redalyc.org/journal/4004/400465622009/movil 10.1590/0103-6351/4327 en http://www.redalyc.org/revista.oa?id=4004 Nova Economia application/pdf Universidade Federal de Minas Gerais Nova Economia (Brasil) Num.1 Vol.30 |
| format | Artículo científico |
| id | redalyc_400465622009 |
| institution | Redalyc |
| language | en |
| publishDate | 2020 |
| publisher | Universidade Federal de Minas Gerais |
| spellingShingle | Demand for light fuels in Brazil: an approach using spatial panel data models Leonardo C. B. Cardoso Economía y Finanzas ethanol gasoline panel data Spatial econometrics Demand for light fuels in Brazil: an approach using spatial panel data models Leonardo C. B. Cardoso Maurício V. L. Bittencourt Alexandre A. Porsse Economía y Finanzas ethanol gasoline panel data Spatial econometrics 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. 2020 artículo científico 0103-6351 https://www.redalyc.org/articulo.oa?id=400465622009 https://www.redalyc.org/journal/4004/400465622009/ https://www.redalyc.org/journal/4004/400465622009/html/ https://www.redalyc.org/journal/4004/400465622009/400465622009.epub https://www.redalyc.org/journal/4004/400465622009/movil 10.1590/0103-6351/4327 en http://www.redalyc.org/revista.oa?id=4004 Nova Economia application/pdf Universidade Federal de Minas Gerais Nova Economia (Brasil) Num.1 Vol.30 |
| title | Demand for light fuels in Brazil: an approach using spatial panel data models |
| topic | Economía y Finanzas ethanol gasoline panel data Spatial econometrics |
| url | https://www.redalyc.org/articulo.oa?id=400465622009 https://www.redalyc.org/journal/4004/400465622009/ https://www.redalyc.org/journal/4004/400465622009/html/ https://www.redalyc.org/journal/4004/400465622009/400465622009.epub https://www.redalyc.org/journal/4004/400465622009/movil |