Original title: Elasticita poptávky po pohonných hmotách v České Republice
Translated title: The Elasticity of Demand for Gasoline: Evidence from the Czech Republic
Authors: Lacko, Radoslav ; Polák, Petr (advisor) ; Žáček, Jan (referee)
Document type: Master’s theses
Year: 2019
Language: eng
Abstract: [eng] [cze]
Charles University Faculty of Social Sciences Institute of Economic Studies MASTER'S THESIS The Elasticity of Demand for Gasoline: Evidence from the Czech Republic Author: Bc. Radoslav Lacko Supervisor: Mgr. Petr Polák MSc. Academic Year: 2018/2019 Abstract Studying the price responsiveness of the fuel demand is popular topic among researchers. The price elasticity is used for predicting future tax revenues, or fuel consumption under various situations. This thesis focuses on elasticity estimation for the Czech Republic using high frequency evidence. We use the process of data mining to get the Czech evidence. Observed elasticity differs by the data aggregation level. Estimated long-run elasticity range between −0.38 and −0.68 for gasoline users and between −0.43 and −0.54 for diesel users. Much lower elasticity was estimated in the short-run that confirms economic theory. JEL Classification C51, C55, L71, Q43 Keywords elasticity, fuel, Czech Republic, microdata Author's e-mail rl.lacko@gmail.com Supervisor's e-mail polakpet@gmail.com Charles University Faculty of Social Sciences Institute of Economic Studies MASTER'S THESIS The Elasticity of Demand for Gasoline: Evidence from the Czech Republic Author: Bc. Radoslav Lacko Supervisor: Mgr. Petr Polák MSc. Academic Year: 2018/2019 Abstrakt Skúmanie cenovej citlivosti dopytu po palivách je populárnou témou medzi výskumníkmi. Cenová elasticita sa používa na predpovedanie daňových príj- mov ale aj spotreby paliva za rôznych okolností. Práca sa zameriava na odhad elasticity pre Českú republiku s použitím vysoko frekvenčnych dát. České dáta boli získané procesom data miningu. Pozorovaná elasticita sa líši podľa úrovne agregácie dát. Odhadnutá dlhodobá elasticita bola medzi −0.38 a −0.68 pre použivateľov benzínu a medzi −0.43 a −0.54 pre dieselových použí- vateľov. Odhadnutá krátkodobá elasticita bola omnoho nižšia, čo potvrdzuje ekonomickú teóriu. Klasifikace JEL C51, C55, L71, Q43 Klíčová slova elasticita, palivo, Česká republika, mikro- data E-mail autora rl.lacko@gmail.com E-mail vedoucího práce polakpet@gmail.com
Keywords: Czech Republic; elasticity; fuel; microdata; elasticita; mikrodata; palivo; Česká republika

Institution: Charles University Faculties (theses) (web)
Document availability information: Available in the Charles University Digital Repository.
Original record: http://hdl.handle.net/20.500.11956/107770

Permalink: http://www.nusl.cz/ntk/nusl-398335


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Universities and colleges > Public universities > Charles University > Charles University Faculties (theses)
Academic theses (ETDs) > Master’s theses