Abstract
The demand for gasoline and the stock of cars is empirically explained for the Swiss economy by applying statistical methods from modern time series analysis to annual data over the period 1962–1985. The short-run price and income elasticities of gasoline consumption are -0.3 to -0.45 and 0.7. The price elasticity became substantially higher after the first OPEC shock in 1973. Pollution control measures introduced in 1982 negatively affected the stock of cars. Longer run effects operating over changes in the size of the stock and the fuel efficiency of cars are stretched out over several years as shown by a variety of simulation experiments.
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