Use this URL to cite or link to this record in EThOS: https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.475814
Title: The demand for petrol in the United Kingdom, 1955-1973 : an empirical investigation
Author: Tzanetis, Emmanuel T.
ISNI:       0000 0001 3540 568X
Awarding Body: University of Surrey
Current Institution: University of Surrey
Date of Award: 1978
Availability of Full Text:
Access from EThOS:
Access from Institution:
Abstract:
This study attempts to analyse the factors that are likely to influence demand for petrol in the United Kingdom,through a model building approach based on pragmatic considerations. Petrol demand is considered as arising mainly from variations in desired car ownership, car consumption characteristics and car utilisation rates which are the outcomes of decisions taken with respect to changes in the economic environment. This assumption leads to the construction of a four-equation econometric model which is estimated on the basis of data covering the period 1955 - 1973. The model's validity is tested for the years 1974 - 1976. The estimates derived suggest that petrol price increases are unlikely to affect short-run petrol demand, which appears as both price and income inelastic. In the long-run however significant petrol price increases may result in people looking for more economical (from the point of view of petrol consumption) cars.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.475814  DOI: Not available
Share: