Policy implications of the price elasticity of demand for petrol in South Africa

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dc.contributor.authorCloete S.A.
dc.contributor.authorSmit E.V.D.M.
dc.date.accessioned2011-05-15T15:55:23Z
dc.date.available2011-05-15T15:55:23Z
dc.date.issued1988
dc.description.abstractUsing a production function approach, the relevant long- and short-run elasticities of petrol demand were estimated and found to be markedly less than unity. The main policy conclusions were found to be that supply security regarding petrol should be a policy priority, that the price mechanism can be used to a limited extent to encourage conservation, and that cost increases can be shifted largely on to consumers, implying that price administration in some form might be justifiable from an equity viewpoint. The last conclusion, however, depends to a large extent on how motor vehicle ownership is distributed among income groups in South Africa. -from Authors
dc.identifier.citationSouth African Journal of Science
dc.identifier.citation84
dc.identifier.citation4
dc.identifier.issn382353
dc.identifier.urihttp://hdl.handle.net/10019.1/9742
dc.subjectconservation
dc.subjectdemand
dc.subjectmotor vehicle ownership
dc.subjectpetrol
dc.subjectpolicy implications
dc.subjectprice elasticity
dc.subjectSouth Africa
dc.titlePolicy implications of the price elasticity of demand for petrol in South Africa
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