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Gasoline Demand Survey

Carol A. Dahl

Year: 1986
Volume: Volume 7
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No1-5
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Gasoline demand, which represents almost a quarter of world petroleum consumption, has been the focus of a considerable amount of econometric work since the 1973 oil embargo. However, researchers and policymakers when considering this work are confronted with a bewildering array of elasticities and results that come from a variety of data sets and model types. This survey stratifies these elasticities for statistical analysis and development of summary elasticities, identifies basic issues, and illustrates a strategy for summarizing studies that should be useful to policymakers and researchers in any area of applied work. Because space prohibits discussing all of this work, this survey is limited to those studies that have estimates for gasoline demand, vehicle miles traveled, and miles per gallon.

Oil and Petroleum Product Armington Elasticities: A New-Geography-of-Trade Approach to Estimation

Edward J. Balistreri, Ayed Al-Qahtani and Carol A. Dahl

Year: 2010
Volume: Volume 31
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol31-No3-9
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Exploiting the structural developments suggested by the geography-of-trade literature, we estimate the elasticity of substitution across regional varieties for six crude grades and seven refined products using fixed-effects gravity regressions. We use unique data, compiled by Al-Qahtani (2008), that include global coverage of bilateral trade and transport costs for the crude grades and refined products. We find that the point estimates of elasticities of substitution across import varieties exceed those commonly reported in the literature and those adopted in simulation analysis. Our estimates indicate that there may be far less hysteresis in the pattern of petroleum trade than previously forecast.

Introduction: Is the Genie Back in the Bottle?

Carol A. Dahl, Michael C. Lynch, and James L. Smith

Year: 2015
Volume: Volume 36
Number: Adelman Special Issue
DOI: 10.5547/01956574.36.SI1.cdah
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