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Análisis empírico de la función de demanda por gasolina en Puerto Rico: (1999-2006)

Rodríguez, Carlos A. (2012): Análisis empírico de la función de demanda por gasolina en Puerto Rico: (1999-2006). Published in: Observatorio de la economía latinoamericana , Vol. N/A, No. 171 (2012): pp. 1-25.

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Abstract

This paper makes an empirical analysis to the functional form derived from the demand function for gasoline in Puerto Rico. According to the structure of the gas market in Puerto Rico and the international context, we studied the consumption of gasoline based on an exercise of constrained optimization. The demand function for that model was the basis for the empirical development. According to empirical evidence gasoline consumption has a direct relationship with the price of gasoline, personal income and the number of motor vehicles and a negative relationship with respect to the unemployment rate.

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