EN
Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand
Abstract
The study of the petroleum price structures in Thailand reveals that diesel is the important fuel because it influences inflation and productions’ costs. Government wants to keep diesel’s price stability; meanwhile, it is less control in gasohol and petrol prices. These prices are normally higher than diesel’s price in order to support the renewable energy and reduce the consumption behaviors. Real price elasticity of imported crude oil in short run is insignificant but in long run is about 0.0660 statistically significant. While, real income elasticity is about 0.4841 in short run and increase to 0.9969 in long run. The price transmissions from crude oil to petroleum products demonstrate the inequality distribution with symmetry adjustments. Additionally, the adjustment to the long-run equilibrium of petrol price is slower than diesel price. Therefore, the efficiency energy policies should be in consideration to decrease the country's energy consumption in the future.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
September 1, 2014
Submission Date
September 1, 2014
Acceptance Date
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Published in Issue
Year 2014 Volume: 4 Number: 3
APA
Chaiwat, P., & Tangvitoontham, N. (2014). Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand. International Journal of Energy Economics and Policy, 4(3), 476-483. https://izlik.org/JA48PS52RW
AMA
1.Chaiwat P, Tangvitoontham N. Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand. IJEEP. 2014;4(3):476-483. https://izlik.org/JA48PS52RW
Chicago
Chaiwat, Papusson, and Nantarat Tangvitoontham. 2014. “Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand”. International Journal of Energy Economics and Policy 4 (3): 476-83. https://izlik.org/JA48PS52RW.
EndNote
Chaiwat P, Tangvitoontham N (September 1, 2014) Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand. International Journal of Energy Economics and Policy 4 3 476–483.
IEEE
[1]P. Chaiwat and N. Tangvitoontham, “Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand”, IJEEP, vol. 4, no. 3, pp. 476–483, Sept. 2014, [Online]. Available: https://izlik.org/JA48PS52RW
ISNAD
Chaiwat, Papusson - Tangvitoontham, Nantarat. “Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand”. International Journal of Energy Economics and Policy 4/3 (September 1, 2014): 476-483. https://izlik.org/JA48PS52RW.
JAMA
1.Chaiwat P, Tangvitoontham N. Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand. IJEEP. 2014;4:476–483.
MLA
Chaiwat, Papusson, and Nantarat Tangvitoontham. “Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand”. International Journal of Energy Economics and Policy, vol. 4, no. 3, Sept. 2014, pp. 476-83, https://izlik.org/JA48PS52RW.
Vancouver
1.Papusson Chaiwat, Nantarat Tangvitoontham. Petroleum’s Price Transmission and Imported Demand for Crude Oil in Thailand. IJEEP [Internet]. 2014 Sep. 1;4(3):476-83. Available from: https://izlik.org/JA48PS52RW