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

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dc.creatorNuñez H.M.spa
dc.creatorOtero Cardona, Jesús Gilbertospa
dc.date.accessioned2020-05-26T00:06:51Z
dc.date.available2020-05-26T00:06:51Z
dc.date.created2017spa
dc.description.abstractWe employ a pair-wise approach to analyse regional integration in the gasoline and ethanol markets in Brazil. Using weekly price data for these two fuels at the state level over a period of almost ten years, we find that more than half of the fuel price differentials are stationary, which reveals the importance of allowing for spatial considerations when testing for market integration. We also find that the speed at which prices converge to the long-run equilibrium depends upon the distance between states, the differential in sugarcane mills density between states, and the similarity between tax regimes. Other demand and supply factors such as population density, gas stations density, sugarcane mills density and GDP per capita are not statistically significant. © 2017 by the IAEE. All rights reserved.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.5547/01956574.38.2.hnun
dc.identifier.issn1956574
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/23936
dc.language.isoengspa
dc.publisherInternational Association for Energy Economicsspa
dc.relation.citationEndPage26
dc.relation.citationIssueNo. 2
dc.relation.citationStartPage1
dc.relation.citationTitleEnergy Journal
dc.relation.citationVolumeVol. 38
dc.relation.ispartofEnergy Journal, ISSN:1956574, Vol.38, No.2 (2017); pp. 1-26spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85016169978&doi=10.5547%2f01956574.38.2.hnun&partnerID=40&md5=46c52b16e449145da585d9a333808c7dspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordDistancespa
dc.subject.keywordEthanolspa
dc.subject.keywordGasolinespa
dc.subject.keywordMarket integrationspa
dc.subject.keywordPricesspa
dc.titleIntegration in gasoline and ethanol markets in Brazil over time and space under the flex-fuel technologyspa
dc.typeconferenceObjecteng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaDocumento de conferenciaspa
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