P.E. McSharry (UK) and K.B. Halvorsen (Bolivia)
Energy, Gasoline, Compressed Natural Gas, Regression, Bolivia
Consumption of gasoline in Bolivia is shown to be strongly dependent on economic productivity and displays seasonal fluctuations throughout the year. The introduction of a cheaper means of powering vehicles using compressed nat ural gas (CNG) caused a significant decrease in the vol ume of gasoline being consumed. A multivariate regression model was constructed to separate the effects of the vary ing economic activity from the adoption of CNG converted vehicles. The analysis suggests that each additional 1,000 m3 of CNG sold reduced the sales of gasoline by 0.4 m3 .
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