Bioenergia

THE EFFECTS OF THE GLOBAL ECONOMIC CRISIS ON THE MARKETS FOR FOSSIL AND RENEWABLE FUELS

Szerző: Péter Jobbágy & Attila Bai
Abstract: 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.

Teljes cikk letöltése

Hivatkozás: Applied Studies in Agribusiness and Commerce (APSTRACT). Official Periodical of the International MBA Network in Agribusiness and Commerce. Publishing House. HU-ISSN 1789-221X – Electronic Version: ISSN 1789-7874. 2012 REPEC Impact Factor: 0,03. www.apstract.net. Vol 6 No. 3-4, Budapest, 2012pp. 131-136.