Imperfect reversibility of fuel demand for road transport: Asymmetric and hysteretic effects of income and price changes in Korea
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DOI: 10.1016/j.tranpol.2018.08.006
Abstract: Abstract Existing literature lacks empirical evidence of the potential nonlinear effects of income and price on transport fuel demand. This paper fills this gap by investigating whether the demand responses to income and price changes… read more here.
Keywords: fuel demand; price changes; income price; price ... See more keywords