Analysis of Income Elasticities of Brazil’s Energy Matrix

Volume: 6 Number: 3 September 1, 2016
  • Marcos Gonçalves Perroni
  • Sérgio Eduardo Gouvêa Da Costa
  • Wesley Vieira Da Silva
  • Edson Pinheiro De Lima
  • Claudimar Pereira Da Veiga
EN

Analysis of Income Elasticities of Brazil’s Energy Matrix

Abstract

This study aims to estimate and analyze the income elasticities of Brazil’s energy matrix, represented by the supply and consumption of energy. We sought to compare the income elasticities of both energy products and consumption through secondary sources and consumer sectors. This is an explanatory or relational research of an ex-post-facto nature, analyzing the period from 1970 to 2011, using the ANCOVA-EC estimation method. The results obtained from the estimates show that both for energy products, as in relation to industrial sectors, the elasticities are statistically different. The naphta, natural gas and ethyl alcohol had the highest elasticities in the energy matrix, and the industries ferro-alloy, non-ferrous metals and non-energy are the most sensitive to income growth. When elasticities are compared with the sectoral energy intensity index, there is evidence that less efficient sectors have higher income elasticities. In summary the results show that there is sectors or products that are more sensitive to economic growth where the energy-intensive and demand presented as the main factors to explain the sensitivity, there is also evidence to demonstrate that the level of efficiency is different compared the different sectors.

Keywords

Details

Primary Language

English

Subjects

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Journal Section

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Authors

Marcos Gonçalves Perroni This is me

Sérgio Eduardo Gouvêa Da Costa This is me

Wesley Vieira Da Silva This is me

Edson Pinheiro De Lima This is me

Claudimar Pereira Da Veiga This is me

Publication Date

September 1, 2016

Submission Date

September 1, 2016

Acceptance Date

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Published in Issue

Year 2016 Volume: 6 Number: 3

APA
Perroni, M. G., Costa, S. E. G. D., Silva, W. V. D., Lima, E. P. D., & Veiga, C. P. D. (2016). Analysis of Income Elasticities of Brazil’s Energy Matrix. International Journal of Energy Economics and Policy, 6(3), 431-441. https://izlik.org/JA59XP78AM
AMA
1.Perroni MG, Costa SEGD, Silva WVD, Lima EPD, Veiga CPD. Analysis of Income Elasticities of Brazil’s Energy Matrix. IJEEP. 2016;6(3):431-441. https://izlik.org/JA59XP78AM
Chicago
Perroni, Marcos Gonçalves, Sérgio Eduardo Gouvêa Da Costa, Wesley Vieira Da Silva, Edson Pinheiro De Lima, and Claudimar Pereira Da Veiga. 2016. “Analysis of Income Elasticities of Brazil’s Energy Matrix”. International Journal of Energy Economics and Policy 6 (3): 431-41. https://izlik.org/JA59XP78AM.
EndNote
Perroni MG, Costa SEGD, Silva WVD, Lima EPD, Veiga CPD (September 1, 2016) Analysis of Income Elasticities of Brazil’s Energy Matrix. International Journal of Energy Economics and Policy 6 3 431–441.
IEEE
[1]M. G. Perroni, S. E. G. D. Costa, W. V. D. Silva, E. P. D. Lima, and C. P. D. Veiga, “Analysis of Income Elasticities of Brazil’s Energy Matrix”, IJEEP, vol. 6, no. 3, pp. 431–441, Sept. 2016, [Online]. Available: https://izlik.org/JA59XP78AM
ISNAD
Perroni, Marcos Gonçalves - Costa, Sérgio Eduardo Gouvêa Da - Silva, Wesley Vieira Da - Lima, Edson Pinheiro De - Veiga, Claudimar Pereira Da. “Analysis of Income Elasticities of Brazil’s Energy Matrix”. International Journal of Energy Economics and Policy 6/3 (September 1, 2016): 431-441. https://izlik.org/JA59XP78AM.
JAMA
1.Perroni MG, Costa SEGD, Silva WVD, Lima EPD, Veiga CPD. Analysis of Income Elasticities of Brazil’s Energy Matrix. IJEEP. 2016;6:431–441.
MLA
Perroni, Marcos Gonçalves, et al. “Analysis of Income Elasticities of Brazil’s Energy Matrix”. International Journal of Energy Economics and Policy, vol. 6, no. 3, Sept. 2016, pp. 431-4, https://izlik.org/JA59XP78AM.
Vancouver
1.Marcos Gonçalves Perroni, Sérgio Eduardo Gouvêa Da Costa, Wesley Vieira Da Silva, Edson Pinheiro De Lima, Claudimar Pereira Da Veiga. Analysis of Income Elasticities of Brazil’s Energy Matrix. IJEEP [Internet]. 2016 Sep. 1;6(3):431-4. Available from: https://izlik.org/JA59XP78AM