Income elasticity of gasoline demand: A meta-analysis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F15%3A10306812" target="_blank" >RIV/00216208:11230/15:10306812 - isvavai.cz</a>
Result on the web
<a href="http://www.sciencedirect.com/science/article/pii/S0140988314002734" target="_blank" >http://www.sciencedirect.com/science/article/pii/S0140988314002734</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.eneco.2014.11.004" target="_blank" >10.1016/j.eneco.2014.11.004</a>

Result language
angličtina
Original language name
Income elasticity of gasoline demand: A meta-analysis
Original language description
In this paper we quantitatively synthesize empirical estimates of the income elasticity of gasoline demand reported in previous studies. The studies cover many countries and report a mean elasticity of 0.28 for the short run and 0.66 for the long run. Weshow, however, that these mean estimates are biased upwards because of publication bias-the tendency to suppress negative and insignificant estimates of the elasticity. We employ mixed-effects multilevel meta-regression to filter out publication bias from the literature. Our results suggest that the income elasticity of gasoline demand is on average much smaller than reported in previous surveys: the mean corrected for publication bias is 0.1 for the short run and 0.23 for the long run.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
S - Specificky vyzkum na vysokych skolach

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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