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

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.


Issue Date:
Nov 06 2012
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/138149
Published in:
APSTRACT: Applied Studies in Agribusiness and Commerce, Volume 06, Number 3-4
Page range:
131-136
Total Pages:
6
Series Statement:
6
3-4




 Record created 2017-04-01, last modified 2017-08-26

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