GASOLINE AND DIESEL PRICE AND INCOME ELASTICITIES

The paper analyzes the price and income elasticity of demand for petroleum products, gasoline and diesel. With regard to the share of petroleum products in the structure of household expenses, as well as the share in the government budget revenues, the elasticities of demand for petroleum products a...

Full description

Saved in:
Bibliographic Details
Published in:International journal of multidisciplinarity in business and science 2018-02, Vol.4 (5), p.139
Main Authors: Družić, Ivo, Gelo, Tomislav, Šušnjar, Ivan
Format: Article
Language:English
Subjects:
Economic policy
Elasticity of demand
Fiscal policy
Gasoline
Income elasticity
Petroleum products
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by
cites
container_end_page
container_issue 5
container_start_page 139
container_title International journal of multidisciplinarity in business and science
container_volume 4
creator Družić, Ivo
Gelo, Tomislav
Šušnjar, Ivan
description The paper analyzes the price and income elasticity of demand for petroleum products, gasoline and diesel. With regard to the share of petroleum products in the structure of household expenses, as well as the share in the government budget revenues, the elasticities of demand for petroleum products are one of the essential elements for the implementation of the economic policy. The paper provides a theoretical overview of elasticities. The price, income and cross-elasticity of demand and their application to petroleum products are presented. The difference between the short-run and longrun effects on the elasticity of demand for petroleum products is emphasized. The influence of fiscal policy on the elasticity of demand, with regard to both price and income, is analyzed. The conclusion is that the elasticity of demand for petroleum products (price and income) has decreased over time.
format article
fullrecord <record><control><sourceid>proquest</sourceid><recordid>TN_cdi_proquest_journals_2482512865</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2482512865</sourcerecordid><originalsourceid>FETCH-proquest_journals_24825128653</originalsourceid><addsrcrecordid>eNpjYuA0tDCx1DUwtTDkYOAtLs4yMDAwsjQytTCy4GQwdHcM9vfx9HNVcPRzUXDxdA129VEICPJ0hgh4-jn7-7oquPo4Bod4OnuGAOV5GFjTEnOKU3mhNDeDsptriLOHbkFRfmFpanFJfFZ-aVEeUCreyMTCyNTQyMLM1Jg4VQA-4i48</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2482512865</pqid></control><display><type>article</type><title>GASOLINE AND DIESEL PRICE AND INCOME ELASTICITIES</title><source>International Bibliography of the Social Sciences (IBSS)</source><source>Publicly Available Content Database</source><source>Social Science Premium Collection</source><source>ABI/INFORM Global</source><creator>Družić, Ivo ; Gelo, Tomislav ; Šušnjar, Ivan</creator><creatorcontrib>Družić, Ivo ; Gelo, Tomislav ; Šušnjar, Ivan</creatorcontrib><description>The paper analyzes the price and income elasticity of demand for petroleum products, gasoline and diesel. With regard to the share of petroleum products in the structure of household expenses, as well as the share in the government budget revenues, the elasticities of demand for petroleum products are one of the essential elements for the implementation of the economic policy. The paper provides a theoretical overview of elasticities. The price, income and cross-elasticity of demand and their application to petroleum products are presented. The difference between the short-run and longrun effects on the elasticity of demand for petroleum products is emphasized. The influence of fiscal policy on the elasticity of demand, with regard to both price and income, is analyzed. The conclusion is that the elasticity of demand for petroleum products (price and income) has decreased over time.</description><identifier>EISSN: 1849-0581</identifier><language>eng</language><publisher>Zagreb: University of Zagreb</publisher><subject>Economic policy ; Elasticity of demand ; Fiscal policy ; Gasoline ; Income elasticity ; Petroleum products</subject><ispartof>International journal of multidisciplinarity in business and science, 2018-02, Vol.4 (5), p.139</ispartof><rights>2018. This work is published under https://creativecommons.org/licenses/by-nc-nd/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. This is sourced from HRČAK - Portal of scientific journals of Croatia.</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.proquest.com/docview/2482512865?pq-origsite=primo$$EHTML$$P50$$Gproquest$$Hfree_for_read</linktohtml><link.rule.ids>314,780,784,11688,12847,21394,25753,33223,33611,36060,37012,43733,44363,44590</link.rule.ids></links><search><creatorcontrib>Družić, Ivo</creatorcontrib><creatorcontrib>Gelo, Tomislav</creatorcontrib><creatorcontrib>Šušnjar, Ivan</creatorcontrib><title>GASOLINE AND DIESEL PRICE AND INCOME ELASTICITIES</title><title>International journal of multidisciplinarity in business and science</title><description>The paper analyzes the price and income elasticity of demand for petroleum products, gasoline and diesel. With regard to the share of petroleum products in the structure of household expenses, as well as the share in the government budget revenues, the elasticities of demand for petroleum products are one of the essential elements for the implementation of the economic policy. The paper provides a theoretical overview of elasticities. The price, income and cross-elasticity of demand and their application to petroleum products are presented. The difference between the short-run and longrun effects on the elasticity of demand for petroleum products is emphasized. The influence of fiscal policy on the elasticity of demand, with regard to both price and income, is analyzed. The conclusion is that the elasticity of demand for petroleum products (price and income) has decreased over time.</description><subject>Economic policy</subject><subject>Elasticity of demand</subject><subject>Fiscal policy</subject><subject>Gasoline</subject><subject>Income elasticity</subject><subject>Petroleum products</subject><issn>1849-0581</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2018</creationdate><recordtype>article</recordtype><sourceid>8BJ</sourceid><sourceid>ALSLI</sourceid><sourceid>M0C</sourceid><sourceid>M2R</sourceid><sourceid>PIMPY</sourceid><recordid>eNpjYuA0tDCx1DUwtTDkYOAtLs4yMDAwsjQytTCy4GQwdHcM9vfx9HNVcPRzUXDxdA129VEICPJ0hgh4-jn7-7oquPo4Bod4OnuGAOV5GFjTEnOKU3mhNDeDsptriLOHbkFRfmFpanFJfFZ-aVEeUCreyMTCyNTQyMLM1Jg4VQA-4i48</recordid><startdate>20180201</startdate><enddate>20180201</enddate><creator>Družić, Ivo</creator><creator>Gelo, Tomislav</creator><creator>Šušnjar, Ivan</creator><general>University of Zagreb</general><scope>0-V</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>88J</scope><scope>8BF</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ALSLI</scope><scope>AXJJW</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FREBS</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>M0Q</scope><scope>M2R</scope><scope>PIMPY</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope></search><sort><creationdate>20180201</creationdate><title>GASOLINE AND DIESEL PRICE AND INCOME ELASTICITIES</title><author>Družić, Ivo ; Gelo, Tomislav ; Šušnjar, Ivan</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-proquest_journals_24825128653</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2018</creationdate><topic>Economic policy</topic><topic>Elasticity of demand</topic><topic>Fiscal policy</topic><topic>Gasoline</topic><topic>Income elasticity</topic><topic>Petroleum products</topic><toplevel>online_resources</toplevel><creatorcontrib>Družić, Ivo</creatorcontrib><creatorcontrib>Gelo, Tomislav</creatorcontrib><creatorcontrib>Šušnjar, Ivan</creatorcontrib><collection>ProQuest Social Sciences Premium Collection</collection><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection</collection><collection>Social Science Database (Alumni Edition)</collection><collection>European Business Database (Alumni Edition)</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni)</collection><collection>ProQuest Central</collection><collection>Social Science Premium Collection</collection><collection>Asian &amp; European Business Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central</collection><collection>International Bibliography of the Social Sciences</collection><collection>Asian &amp; European Business Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Central Student</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>European Business Database</collection><collection>Social Science Database</collection><collection>Publicly Available Content Database</collection><collection>One Business (ProQuest)</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><jtitle>International journal of multidisciplinarity in business and science</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Družić, Ivo</au><au>Gelo, Tomislav</au><au>Šušnjar, Ivan</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>GASOLINE AND DIESEL PRICE AND INCOME ELASTICITIES</atitle><jtitle>International journal of multidisciplinarity in business and science</jtitle><date>2018-02-01</date><risdate>2018</risdate><volume>4</volume><issue>5</issue><spage>139</spage><pages>139-</pages><eissn>1849-0581</eissn><abstract>The paper analyzes the price and income elasticity of demand for petroleum products, gasoline and diesel. With regard to the share of petroleum products in the structure of household expenses, as well as the share in the government budget revenues, the elasticities of demand for petroleum products are one of the essential elements for the implementation of the economic policy. The paper provides a theoretical overview of elasticities. The price, income and cross-elasticity of demand and their application to petroleum products are presented. The difference between the short-run and longrun effects on the elasticity of demand for petroleum products is emphasized. The influence of fiscal policy on the elasticity of demand, with regard to both price and income, is analyzed. The conclusion is that the elasticity of demand for petroleum products (price and income) has decreased over time.</abstract><cop>Zagreb</cop><pub>University of Zagreb</pub><oa>free_for_read</oa></addata></record>
fulltext fulltext
identifier EISSN: 1849-0581
ispartof International journal of multidisciplinarity in business and science, 2018-02, Vol.4 (5), p.139
issn 1849-0581
language eng
recordid cdi_proquest_journals_2482512865
source International Bibliography of the Social Sciences (IBSS); Publicly Available Content Database; Social Science Premium Collection; ABI/INFORM Global
subjects Economic policy
Elasticity of demand
Fiscal policy
Gasoline
Income elasticity
Petroleum products
title GASOLINE AND DIESEL PRICE AND INCOME ELASTICITIES
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-03T00%3A05%3A06IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=GASOLINE%20AND%20DIESEL%20PRICE%20AND%20INCOME%20ELASTICITIES&rft.jtitle=International%20journal%20of%20multidisciplinarity%20in%20business%20and%20science&rft.au=Dru%C5%BEi%C4%87,%20Ivo&rft.date=2018-02-01&rft.volume=4&rft.issue=5&rft.spage=139&rft.pages=139-&rft.eissn=1849-0581&rft_id=info:doi/&rft_dat=%3Cproquest%3E2482512865%3C/proquest%3E%3Cgrp_id%3Ecdi_FETCH-proquest_journals_24825128653%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=2482512865&rft_id=info:pmid/&rfr_iscdi=true