effects of the global economic crisis on the markets for fossil and renewable fuels

Dátum
2012-11-30
Folyóirat címe
Folyóirat ISSN
Kötet címe (évfolyam száma)
Kiadó
Absztrakt

The 2008/2009 world economic crisis had significant impact on oil and fuel markets. This crisis has been developed from the meltdown of the American mortgage and financial market and spread throughout the global economy. As each country reacted differently to the crisis, the changes in the fuel market have also shown significant geographic variation. In our present research, the changes of the US, German and Hungarian fuel markets were analysed, looking for answers to the reasons behind different crisis reactions. We examined the tendency of fuel consumption, the changes of gasoline and diesel price elasticity and the possible effects of the crisis on the regulatory system.

Leírás
Kulcsszavak
Jogtulajdonos
University of Debrecen, Faculty of Economics and Business, Hungary
URL
Jelzet
Egyéb azonosító
Forrás
Applied Studies in Agribusiness and Commerce, Vol. 6 No. 3-4 (2012) , 131-136
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