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Copyright University of Dubrovnik 2014

Abstract

The aim of this paper is to determine the connection between the price of petroleum products and structural changes in the demand for newly registered vehicles in the Republic of Croatia. The liberalization of petroleum product prices in 2000 led to their significant and continuous growth until 2012. At the same time, the number and structure of newly registered passenger cars have greatly changed. The market was growing until 2008 and was followed by significant decline. The share of gasoline-powered cars is changing within the overall structure and the individual vehicle classes. Two important changes that are going in two opposite directions occur on the vehicle market. The expenditures on purchase of vehicles are falling but expenditures on fuel and lubricants are growing. At the same time, the expenditures for vehicle repairs are growing as well. By analysing the relationship between the prices of petroleum products and the overall structural changes of newly registered passenger cars from 2000 to 2011 on the Croatian territory, the authors conclude that the results do not indicate any link between the annual gasoline and diesel price volatility and the share in the structure (according to class) of newly registered passenger cars. Also the results do not indicate the existence of links between the annual petrol and diesel price volatility and the total number of newly registered cars.

Details

Title
UTJECAJ KRETANJA CIJENA NAFTNIH DERIVATA NA TRZISTE AUTOMOBILA U REPUBLICI HRVATSKOJ
Author
Kovacevic, Zoran; Susnjar, Ivan, dipl oec; Gelo, Tomislav
Pages
105-126
Publication year
2014
Publication date
2014
Publisher
University of Dubrovnik
ISSN
13301039
e-ISSN
1848963X
Source type
Scholarly Journal
Language of publication
Croatian
ProQuest document ID
1545524842
Copyright
Copyright University of Dubrovnik 2014