Integration in gasoline and ethanol markets in Brazil over time and space under the flex-fuel technology

Título traducido de la contribución: Integración en los Mercados de Gasolina y Etanol en Brasil en el Tiempo y Espacio bajo la Tecnología Flex-fuel

Hector M. Nuñez, Jesus Otero

Resultado de la investigación: Contribución a RevistaArtículo

1 Cita (Scopus)

Resumen

Empleamos un enfoque de pares para analizar la integración regional en los mercados de gasolina y etanol en Brasil. Utilizando datos semanales sobre los precios de estos dos combustibles a nivel estatal durante un período de casi diez años, encontramos que más de la mitad de las diferencias de precios de los combustibles son estacionarias, lo que revela la importancia de tener en cuenta consideraciones espaciales a la hora de probar la integración del mercado. También encontramos que la velocidad con la que los precios convergen hacia el equilibrio de largo plazo depende de la distancia entre estados, el diferencial en la densidad de los ingenios de caña de azúcar entre estados y la similitud entre los regímenes tributarios. Otros factores de la demanda y la oferta, como la densidad de la población, la densidad de las gasolineras, la densidad de los ingenios de caña de azúcar y el PIB per cápita, no son estadísticamente significativos.
Idioma originalEnglish (US)
Páginas (desde-hasta)1-26
Número de páginas26
PublicaciónEnergy Journal
Volumen38
N.º2
DOI
EstadoPublished - 2017

Huella dactilar

Gasoline
Ethanol
Taxation
Testing
Gases
Brazil
Population density
Tax
Long-run equilibrium
Factors
Fuel price
Regional integration
GDP per capita
Demand and supply
Market integration
Gas

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Energy(all)

Citar esto

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Integration in gasoline and ethanol markets in Brazil over time and space under the flex-fuel technology. / Nuñez, Hector M.; Otero, Jesus.

En: Energy Journal, Vol. 38, N.º 2, 2017, p. 1-26.

Resultado de la investigación: Contribución a RevistaArtículo

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