Showing 1 - 10 of 34
This paper fills the gaps in cognitive process understanding of human behaviors between future gasoline price … perception and the willingness to purchase hybrid vehicles. How consumers form future gasoline price beliefs and its impacts on … evidence that current and long-term future gasoline price perceptions affect the willingness to buy hybrid vehicles. This paper …
Persistent link: https://www.econbiz.de/10012955584
Drawing on the 2009 and 2017 waves of the National Household Transportation Survey, this paper is concerned with modeling the fuel price elasticity, allowing for differential estimates in its magnitude over time and across households. We find a small but statistically significant mean elasticity...
Persistent link: https://www.econbiz.de/10012858236
Using a multi-sector equilibrium model of the Saudi energy system that handles administered prices in a mixed-complementarity formulation, we present results from a set of policy scenarios where end consumer prices are not altered. Some of these scenarios are the solutions to Mathematical...
Persistent link: https://www.econbiz.de/10013050724
With the global economy heading towards a severe oil crunch probably by 2015 or thereabouts, an analysis of Saudi oil fundamentals is causing the world disquiet and worry bordering on panic. Oil-importing nations have long treated Saudi Arabia as an infinitely deep well of crude oil supplies....
Persistent link: https://www.econbiz.de/10013123903
Oil price shocks affect macroeconomic performance in both oil-importing and oil-exporting countries. The recent research on the oil-macroeconomy relationship in the oil-importing countries shows that oil price shocks have asymmetric effects on their economic growth; the adverse effects of higher...
Persistent link: https://www.econbiz.de/10013099208
The aim of this working paper is to apply the Bayesian VAR method to analyse the relationship between oil price movements and GDP in the Czech Republic. To capture the possible indirect channels reflecting the changes in the oil prices, the model includes also the inflation measured by CPI and...
Persistent link: https://www.econbiz.de/10013099210
The single most important driver of shifting dynamics in world oil markets is China. It alone will continue to account for most of the world demand growth throughout this decade and probably the next. By October 2013, China's net oil imports are projected to exceed those of the United States on...
Persistent link: https://www.econbiz.de/10013075222
Forecasting oil price volatility is considered of major importance for numerous stakeholders, including, policy makers, industries and investors. This paper examines and evaluates the main factors that oil price volatility forecasters should take before constructing their forecasting models....
Persistent link: https://www.econbiz.de/10012834382
The potential presence of jumps and time-varying volatility in convenience yields can lead to abnormally fat tails, which has implications for investment in storage capacity, leasing and drilling for crude oil. In this paper we evaluate the potential for these features in convenience yields. To...
Persistent link: https://www.econbiz.de/10012844106
The link between stock market prices and oil prices has drawn considerable attention in recent decades because the risk and uncertainties associated with oil price volatility affect investor's portfolios, particularly, those investors seeking to make optimal portfolio allocations. This paper...
Persistent link: https://www.econbiz.de/10012910341