Analysis of Income Elasticities of Brazil s Energy Matrix

Marcos Gon alves Perroni, S rgio Eduardo Gouv a da Costa, S rgio Eduardo Gouv a da Costa, Wesley Vieira da Silva, Edson Pinheiro de Lima, Edson Pinheiro de Lima, Claudimar Pereira da Veiga and Claudimar Pereira da Veiga
Additional contact information
Marcos Gon alves Perroni: Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil
S rgio Eduardo Gouv a da Costa: Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil,
S rgio Eduardo Gouv a da Costa: Federal Technological University of Parana , UTFPR, 3165 Sete de Setembro Ave, Zip Code 80230-901 - Curitiba, PR, Brazil
Wesley Vieira da Silva: Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil,
Edson Pinheiro de Lima: Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil,
Edson Pinheiro de Lima: Federal Technological University of Parana , UTFPR, 3165 Sete de Setembro Ave, Zip Code 80230-901 - Curitiba, PR, Brazil
Claudimar Pereira da Veiga: Pontifical Catholic University of Paran , PUCPR, 1155 Imaculada Concei o Street, Zip Code 80215-901 Curitiba, PR, Brazil
Claudimar Pereira da Veiga: Department of Business Management/PPGADM, Federal University of Paran , UFPR, 632 Prof. Lothario Meissner Ave, Zip Code 802010-170, Curitiba, PR, Brazil

International Journal of Energy Economics and Policy, 2016, vol. 6, issue 3, 431-441

Abstract: This study aims to estimate and analyze the income elasticities of Brazil s energy matrix, represented by the supply and consumption of energy. We sought to compare the income elasticities of both energy products and consumption through secondary sources and consumer sectors. This is an explanatory or relational research of an ex-post-facto nature, analyzing the period from 1970 to 2011, using the ANCOVA-EC estimation method. The results obtained from the estimates show that both for energy products, as in relation to industrial sectors, the elasticities are statistically different. The naphta, natural gas and ethyl alcohol had the highest elasticities in the energy matrix, and the industries ferro-alloy, non-ferrous metals and nonenergy are the most sensitive to income growth. When elasticities are compared with the sectoral energy intensity index, there is evidence that less efficient sectors have higher income elasticities. In summary the results show that there is sectors or products that are more sensitive to economic growth where the energy-intensive and demand presented as the main factors to explain the sensitivity, there is also evidence to demonstrate that the level of efficiency is different compared the different sectors.

Keywords: Income Elasticity; Price Elasticity; Energy Matrix; Sector Demand for Energy (search for similar items in EconPapers)
JEL-codes: E3 G38 K23 M48 Q4 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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