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• W4296312658 abstract "This paper determines whether road-fuel (gasoline plus diesel) income and price elasticities have changed over time in middle-income countries. To do so, the paper considers a balanced panel of 26 countries that spans 1990–2019. Also, the paper employs two methods that fully allow for cross-sectional heterogeneity, but vary to the extent that they allow for temporal heterogeneity: rolling window, mean group regressions and mean observation OLS, which estimates coefficients for each cross-section and each time period. While the elasticities demonstrate some temporal heterogeneity, such variances are less pronounced than the corresponding country-level heterogeneity. At any point in time, for middle-income countries, the average road-fuel income elasticity is between 1 and 0.8, and the average road-fuel price elasticity is very near −0.2. Lastly, we find no strong evidence that road-fuel demand has become saturated or that efficiency improvements have made consumers less price sensitive in middle-income countries." @default.
• W4296312658 created "2022-09-20" @default.
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• W4296312658 date "2022-11-01" @default.
• W4296312658 modified "2023-10-03" @default.
• W4296312658 title "Your mileage may vary: Have road-fuel demand elasticities changed over time in middle-income countries?" @default.
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• W4296312658 doi "https://doi.org/10.1016/j.tra.2022.08.024" @default.
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