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- W2061330371 abstract "The article presents a model and empirical results concerning the effects that different factors have on gasoline consumption. Car ownership and driving intensity are considered as intervening life style factors in a recursive model explaining total gasoline consumption. The estimates are based on a logarithmic model. The data consist of time series from the years 1970–1979 of several European countries and the United States. Income elasticities were estimated for car stock and total gasoline consumption and price elasticities for driving intensity and total gasoline consumption. A dynamic specified model was used for exploring the effects of different pricing policies by simulation. Long-term forecasts were made under alternative assumptions about the income growth [1]. The results show that only regular cumulative increases in real gasoline prices are effective in reducing the driving intensity. However, the effect of price on total gasoline consumption still remains limited, because even at very moderate income growth rates the growth of the car stock exceeds the impact of the price. In an energy saving policy, then, also different policies affecting the car stock variable should be given more attention." @default.
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- W2061330371 date "1983-10-01" @default.
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- W2061330371 title "Determinants of gasoline consumption" @default.
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- W2061330371 doi "https://doi.org/10.1016/0167-4870(83)90050-8" @default.
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