In the section Articles
Title of the article Estimating Price Elasticity of Demand for Motor Fuel in the Transport Sectors
Pages 109-122
Author 1 Olga Vasilyevna Mazurova
Ph. D. in Technical Sciences, Senior Researcher.
Melentiev Energy Systems Institute of Siberian Branch of the Russian Academy of Sciences
130 Lermontov St., Irkutsk, Russia, 664033
This email address is being protected from spambots. You need JavaScript enabled to view it.
Abstract Modeling of long-term forecasts of prices and demand on regional energy markets requires accounting for the future changes in the interactions between the greater economy and its energy sector, along with the possible emergence of new factors and specific regional features determining those interactions. The proposed approach allows the study of a correlation between demand and prices for motor fuel, taking into account the competition of energy carriers, the dynamics of energy prices, resource constraints, the use of new technologies and the uncertainty of input data. The main feature of the proposed approach is the combined estimation of the price elasticity of demand for motor fuel with optimization of fuel supply in the region. Thus the author determined elasticity of demand based on the comparison of economic efficiency of the use of different fuels. The study includes results of experimental calculations and forecasted price according to demand for motor fuel in freight transportation for the expected development conditions of the Far Eastern federal district.
Code 620.9:338
DOI 10.14530/se.2015.1.109-122
Keywords ♦ energy resources demand ♦ regional energy markets ♦ energy prices ♦ fuel efficiency ♦ fuel competitiveness ♦ elasticity of demand ♦ forecasting methods
Download SE.2015.1.109-122.Mazurova.pdf
For citation Mazurova O.V. Estimating Price Elasticity of Demand for Motor Fuel in the Transport Sectors. Prostranstvennaya Ekonomika = Spatial Economics, 2015, no. 1, pp. 109-122. DOI: 10.14530/se.2015.1.109-122. (In Russian).
References 1. Bashmakov I.A. The Experience of the Parameter Estimates of the Price Elasticity of Energy Demand. Moscow: Center for Energy Efficiency. Available at: (accessed 25 December 2014) (In Russian).
2. Braginsky O.B. Alternative Motor Fuels: Global Trends and Choice for Russia. Rossiyskyy Khimicheskiy Zhurnal – Russian Journal of General Chemistry, 2008, no. 6, vol. LII, pp. 137–146. (In Russian).
3. Bushuev V.V., Afanasieva M.V. New Age of Energy Sector. Energeticheskaya Politika [Energy Policy], 2013, no. 6, pp. 16–22. (In Russian).
4. Galperova E.V., Kononov Yu.D., Mazurova O.V. Forecasting the Demand for Energy Sources in Balance with Their Prices. Region: Ekonomika i Sotsiologiya [Region: Economics and Sociology], 2008, no. 3, pp. 207–219. (In Russian).
5. Kononov Yu.D. Analysis and Forecast of the Possible Dynamics of Fuel Prices on the Global and Russian Markets. Preprint. Irkutsk: Melentiev Energy Systems Institute of Siberian Branch of the Russian Academy of Sciences (ESI SB RAS), 2013, 30 p. (In Russian).
6. Kononov Yu.D. A Step-by-Step Approach to the Improvement in the Validity of Long-Term Energy Development Forecasts and the Assessment of Strategic Threats. Izvestiya RAN: Energetika [News of the Russian Academy of Sciences: Energy], 2014, no. 2, pp. 61–70. (In Russian).
7. Mazurova O.V., Galperova E.V. Long-Term Tendencies of Electricity Consumption in Economy and its Main Sectors in Russia and the World. Energeticheskaya Politika [Energy Policy], 2014, no. 1, pp. 39–49. (In Russian).
8. Mishura A.V. Assessing Energy Demand Elasticity of Major Industrial Producers in Russia. Region: Ekonomika i Sotsiologiya [Region: Economics and Sociology], 2009, no. 2, pp. 110–124. (In Russian).
9. Sinyak Y.V., Kolpakov A.Y. Comparative Economics of Alternative Motor Fuels from Natural Gas Used by Motor Vehicles. Problemy Prognozirovaniya – Studies on Russian Economic Development, 2012, no. 2, pp. 34–47. (In Russian).
10. Sinyak Y.V., Kolpakov A.Y. Economic Efficiency of Synthetic Motor Fuels from Natural Gas. Problemy Prognozirovaniya – Studies on Russian Economic Development, 2012, no. 1, pp. 38–48. (In Russian).
11. The Strategy of Socio-Economic Development of the Far East and the Baikal Region for the Period till 2025. Approved by the Government of the Russian Federation, 2009, no. 2094-R. (In Russian).
12. The Forecast for Energy in the World and Russia to 2040. Edited A.A. Makarov. Moscow: The Energy Research Institute of the Russian Academy of Sciences, 2013, 110 p. (In Russian).
13. The Program Inception in Eastern Siberia and the far East the Unified System of Gas Production, Transmission and Supply Taking Into Account Potential Gas Exports to China and other Asia Pacific Countries. Eastern gas program. Ministry of Industry and Energy of the Russian Federation. Approved in 2007. (In Russian).
14. Energy Strategy of Russia for the Period up to 2035 (Project). Ministry of Energy of the Russian Federation. Moscow, 2004. Available at: (accessed 18 December 2014) (In Russian).
15. Ellis J. The Effects of Fossil Fuel Subsidy Reforms: a Review of Modeling and Empirical Studies. Available at: (accessed 25 January 2015).
16. Wade S. Price Responsiveness in the AEO2003 NEMS Residential and Commercial Buildings Sector Models. Available at: (accessed 01 February 2015).
17. Welsch H. The Reliability of Aggregate Energy Demand Functions. Energy Economics, 1989, vol. 11, no. 4, pp. 285–292.

ISSN (Print) 1815-9834
ISSN (Online) 2587-5957

Minakir Pavel Aleksandrovich,
Tel.: +7 (4212) 725-225,
Fax: +7 (4212) 225-916,
Samokhina Lyudmila, Executive Editor
Tel.: +7 (4212) 226-053
Fax: +7 (4212) 225-916,
Tel.: +7 (4212) 226-053,
Fax: +7 (4212) 225-916,
To Editorial Staff of “Spatial Economics”
Economic Research Institute FEB RAS
153 Tikhookeanskaya St., Khabarovsk, RUSSIA, 680042



Creative Commons License
Unless otherwise noted, content on this site is licensed under a Creative Commons Attribution 4.0 International License