Análisis empírico de la función de demanda por gasolina en Puerto Rico: (1999-2006)

Empirical analysis of the demand function for gasoline in Puerto Rico: (1999-2006)

Carlos A. Rodríguez

MPRA Paper from University Library of Munich, Germany

Abstract: This paper makes an empirical analysis to the functional form derived from the demand function for gasoline in Puerto Rico. According to the structure of the gas market in Puerto Rico and the international context, we studied the consumption of gasoline based on an exercise of constrained optimization. The demand function for that model was the basis for the empirical development. According to empirical evidence gasoline consumption has a direct relationship with the price of gasoline, personal income and the number of motor vehicles and a negative relationship with respect to the unemployment rate.

Keywords: Fuel consumption; demand function; gasoline market (search for similar items in EconPapers)
JEL-codes: N7 Q41 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-ene and nep-tre
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Published in Observatorio de la economía latinoamericana 171.N/A(2012): pp. 1-25

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:41273

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