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National Repository of Grey Literature 1 records found  Search took 0.00 seconds. 
Income Elasticity of Gasoline Demand: A Meta-Analysis
 Kokeš, Ondřej ; Havránek, Tomáš (advisor) ; Avdulaj, Krenar (referee)
In this thesis I summarize previous studies estimating income elasticity of gasoline demand, analyze the models employed, comment on the evolution of econometric tools used, and finally perform a meta-analysis. This thesis is the first survey on gasoline income elasticity that takes into account publication bias. It also distinguishes between models including car stock information in estimation. I estimate the underlying short-run elasticity to be 0.1, long-run with car stock 0.234, and long-run without car stock 0.644. These results, on average, point to less income-elastic demand for gasoline than what previous surveys found.
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