COVID-19 Impact on Ethanol Sales in Fuel Stations: An ITS Econometric Analysis
8th International Joint Conference on Industrial Engineering and Operations Management, IJCIEOM 2022
; 400:115-125, 2022.
Article
in English
| Scopus | ID: covidwho-2173629
ABSTRACT
This paper provides estimates of the impact of the COVID-19 outbreak on Brazilian Ethanol sales. To this end, weekly data on Ethanol sales volumes are analyzed through an ITS SARIMA model and a counterfactual analysis covering the 2019–2020. We find that the real effect of COVID-19 was a reduction above 77.97% in Brazil after the first COVID-19 death, in March 2020, and still a decrease of about 50.15% at the end of 2020. The empirical evidence confirms that the impact of the pandemic crisis, the counterfactual analysis allows estimating the real effect of COVID-19 is on average 3.76% greater than the observed against an index date reference. These results suggest that ethanol sales in Brazil were more affected than only when comparing previous results to the effects of the pandemic. © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Type of study:
Experimental Studies
Language:
English
Journal:
8th International Joint Conference on Industrial Engineering and Operations Management, IJCIEOM 2022
Year:
2022
Document Type:
Article
Similar
MEDLINE
...
LILACS
LIS