2020
DOI: 10.1016/j.eneco.2020.104867
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Petrol prices and subjective wellbeing

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Cited by 28 publications
(13 citation statements)
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References 77 publications
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“…The empirical results show that higher petrol prices are correlated with lower SWB. This result is consistent with the findings of Boyd-Swan & Herbst (2012) and Prakash et al (2020) on the effects of petrol prices on SWB in the United States and Australia, respectively. Although public transport is convenient in most areas of China, income effects still dominate, indicating that people's reliance on cars is increasing in China.…”
Section: Discussionsupporting
confidence: 92%
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“…The empirical results show that higher petrol prices are correlated with lower SWB. This result is consistent with the findings of Boyd-Swan & Herbst (2012) and Prakash et al (2020) on the effects of petrol prices on SWB in the United States and Australia, respectively. Although public transport is convenient in most areas of China, income effects still dominate, indicating that people's reliance on cars is increasing in China.…”
Section: Discussionsupporting
confidence: 92%
“…Petrol prices, for instance, have income effects that reduce SWB. When petrol prices increase, people allocate more disposable income to fuel expenses and lower their expenses on other well-being-enhancing activities (Prakash et al, 2020). On the other hand, petrol prices can also induce health effects that enhance SWB.…”
Section: Introductionmentioning
confidence: 99%
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“…This follows the identification strategy initially proposed by Prakash et al. (2020) in their study of petrol prices and subjective wellbeing. It is also in the spirit of studies examining the relationship between energy poverty and health that have instrumented for energy poverty using energy prices (Awaworyi Churchill et al., 2020; Kahouli, 2020), as well as studies examining the relationship between income and health that have used commodity prices to instrument for income (Brukner & Antonio, 2007; Thomas & Strauss, 1997).…”
Section: Methodsmentioning
confidence: 99%
“…To ensure that our results are robust to endogeneity, we instrument for petrol prices using the NYSE Arca Oil Stock prices index, which is a weighted price index of global leaders in oil exploration, production and development. This follows the identification strategy initially proposed by Prakash et al (2020) in their study of petrol prices and subjective wellbeing. It is also in the spirit of studies examining the relationship between energy poverty and health that have instrumented for energy poverty using energy prices (Awaworyi Kahouli, 2020), as well as studies examining the relationship between income and health that have used commodity prices to instrument for income (Brukner & Antonio, 2007;Thomas & Strauss, 1997).…”
Section: Methodsmentioning
confidence: 99%