Kutortse, Divine Kwaku - In: Cogent economics & finance 10 (2022) 1, pp. 1-22
values greater than 1, while FCO and kerosene fuels are income inelastic. The own-price elasticity also shows modern fuel … negative. The complementary cross-price elasticity of all fuels estimated must be carefully interpreted in the context of the … for bias arising from zero energy expenditure, the study finds that the own-price elasticity for modern energy fuel (LGP …