气候变化领域集成服务门户(CCPortal): Price elasticity of demand for fuels by income level in Mexican households

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DOI	10.1016/j.enpol.2021.112132
	Price elasticity of demand for fuels by income level in Mexican households
	Díaz A.O.; Medlock K.B.
发表日期	2021
ISSN	03014215
卷号	151
英文摘要	The price elasticities demand of electricity, gas, oil fuel, gasoline and steam coal are estimated using household surveys from 1992 to 2014. The analysis uses alternative econometric techniques – OLS, SURE, and Quadratic Almost Ideal Demand System (QUAIDS) – the last of which is based on the methodology of Banks, Blundell and Lewbel considering socioeconomic characteristics of the households to account for the difference in demand of energy related goods. It is found that the demands for fuels are price inelastic, and the differences in elasticities between poor and non-poor households are small but statically significant. The income elasticity of demand is generally found to be positive and higher in absolute value than price elasticity, and the differences are greater between poor and non-poor. Consequently, there would be a differentiated reaction of consumers to changes in energy prices according to their poverty status. Steam coal and firewood, each of which could be considered inferior goods, stand as counterexamples in that the income elasticity is found to be negative. The contribution of this study helps policy makers to analyze household welfare when applying changes in energy prices in the face of fiscal and/or energy reforms, such as those Mexico is implementing. © 2021 Elsevier Ltd
关键词	Energy price elasticities Poverty QUAIDs
英文关键词	Costs; Economic analysis; Economic and social effects; Elasticity; Fuels; Surveys; Absolute values; Energy reforms; Household surveys; Income elasticities; Poor households; Price elasticity; Price-elasticity of demand; Socioeconomic characteristics; Crude oil price; consumption behavior; demand-side management; energy market; energy policy; energy use; poverty; price dynamics
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205073
作者单位	Centro de Estudios Educativos y Sociales, Calle Miguel Hidalgo #16, Piso 2, Col. San Angel, Mexico City, 01000, Mexico; James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics, Senior Director, Center for Energy Studies, United States
推荐引用方式 GB/T 7714	Díaz A.O.,Medlock K.B.. Price elasticity of demand for fuels by income level in Mexican households[J],2021,151.
APA	Díaz A.O.,&Medlock K.B..(2021).Price elasticity of demand for fuels by income level in Mexican households.Energy Policy,151.
MLA	Díaz A.O.,et al."Price elasticity of demand for fuels by income level in Mexican households".Energy Policy 151(2021).