Demand for light fuels in Brazil: an approach using spatial panel data models

Authors

Abstract

The need for changes in the current energy matrix is a reality due to the possibility of a shortage of fossil fuels and the environmental damage caused by emissions related to fossil fuel use. The correct prescription of public policies for energy markets depends on the knowledge of demand elasticities. Hence, the aim of this work was to estimate the main determinants of light fuel demands in Brazil. Dynamic and non-dynamic estimators were used, and the results indicated that both demands respond more to changes in gasoline prices than changes in ethanol prices. Therefore, public policies that aim to change consumption patterns should focus on gasoline prices.

Author Biographies

Leonardo Chaves Borges Cardoso, Federal University of Viçosa

Professor Departamento de Economia Rural na Universidade Federal de Viçosa.

Maurício Vaz Lobo Bittencourt, Federal University of Paraná

Possui mestrado em Economia Agrária pela Escola Superior de Agricultura Luiz de Queiróz (1995), mestrado em Economia pela The Ohio State University (2004), e doutorado em Desenvolvimento Econômico e Comércio Internacional pela The Ohio State University (2004). Realizou seu pós-doutorado na The Ohio State University (2013/14). Atualmente é Secretário Executivo da Associação de Centros de Pós-Graduação em Economia (ANPEC), e é professor associado II no Departamento de Economia da Universidade Federal do Paraná (UFPR).

Alexandre Alves Porsse, Federal University of Paraná

Graduado em Economia pela Universidade Estadual de Maringá (1996), Mestre em Economia pela Universidade Federal da Paraíba (2000) e Doutor em Economia pela Universidade Federal do Rio Grande do Sul (2005). Atualmente trabalha como Professor Adjunto do Departamento de Economia da UFPR.

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Published

2020-06-10

How to Cite

CARDOSO, L. C. B.; BITTENCOURT, M. V. L.; PORSSE, A. A. Demand for light fuels in Brazil: an approach using spatial panel data models . Nova Economia, [S. l.], v. 30, n. 1, p. 231–256, 2020. Disponível em: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4327. Acesso em: 30 jun. 2024.

Issue

Vol. 30 No. 1 (2020)

Section

Regular Issue

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