Article ID Journal Published Year Pages File Type
7406387 Energy Policy 2012 7 Pages PDF
Abstract
► Gasoline demand is investigated as a function of structural breaks. ► It is price and income inelastic when structural breaks are ignored. ► However, it is price and income elastic with breaks triggering structural changes. ► Thus, excise tax should be adjusted periodically to count for structural changes.
Keywords
Related Topics
Physical Sciences and Engineering Energy Energy Engineering and Power Technology
Preview
Short-run price and income elasticity of gasoline demand: Evidence from Lebanon
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