Engineering‐Econometric Modeling of Energy Demand

Carlevaro, Fabrizio; Bertholet, Jean-Luc; Chaze, Jean-Paul; Taffé, Patrick

doi:10.1061/(asce)0733-9402(1992)118:2(109)

Cited by 5 publications

(3 citation statements)

References 11 publications

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“…Carlevaro et al (1992) also find that Swiss gasoline demand reacts weakly to price differentials between Switzerland and Italy (average elasticity of -0.07).…”

Section: Resultsmentioning

confidence: 77%

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Elasticities of Gasoline Demand in Switzerland

Baranzini

Weber

2012

SSRN Journal

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Using cointegration techniques, we investigate the determinants of gasoline demand in Switzerland over the period . We obtain a very weak price elasticity of -0.09 in the short run and -0.34 in the long run. For fuel demand, i.e. gasoline plus diesel, the corresponding price elasticities are -0.08 and -0.27. Our rich dataset allows working with quarterly data and with more explicative variables than usual in this literature. In addition to the traditional price and income variables, we account for variables like vehicles stocks, fuel prices in neighbouring countries, oil shocks and fuel taxes. All of these additional variables are found to be significant determinants of demand. AcknowledgementsThis paper is based on a report (in French) for the Swiss Federal Office of Energy. We are grateful for financial support from the Swiss Federal Office of Energy and the Swiss Federal Office for the Environment. We thank Nicole Mathys, Thomas Bucheli, and the members of the expert team of the project "Research on Price Elasticity of Individual Road Transportation" for their useful comments and suggestions on earlier versions of this paper. Thanks also to Bernard Buchenel, Alexandra Kolly, Philippe Thalmann, Maurice Riedo, Matthias Rufer, Andrea Studer, and Gerda Suter for providing data and comments on earlier versions. The paper does not necessarily represent the views of the project sponsors and we are solely responsible for any remaining error.

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“…Carlevaro et al (1992) also find that Swiss gasoline demand reacts weakly to price differentials between Switzerland and Italy (average elasticity of -0.07).…”

Section: Resultsmentioning

confidence: 77%

“…Using a model merging econometric and engineering approaches, Carlevaro et al (1992) explain the evolution of energy consumption in Switzerland using annual data from 1960 to 1990. They obtain a very weak short run price elasticity of -0.06.…”

Section: Introductionmentioning

confidence: 99%

Elasticities of Gasoline Demand in Switzerland

Baranzini

Weber

2012

SSRN Journal

View full text Add to dashboard Cite

show abstract

“…This finding suggests that price-based policies trying to reduce GHG emissions and energy consumption might have a much more considerable impact than previously thought. Former studies on car fuel demand for Switzerland indeed estimate much lower price responsiveness in the interval from −0.25 to −0.4 (see Baranzini & Weber, 2013;Carlevaro et al, 1992;Filippini & Heimsch, 2016;Peter et al, 2002;Schleiniger, 1995;Wasserfallen & Güntensperger, 1988). However, we note that these studies examine fuel demand rather than travel demand and consider country-level time-series data, and are thus likely to be characterized by a downward bias in the estimated price coefficients (Levin et al, 2017).…”

Section: Resultsmentioning

confidence: 99%