Correlation between Fuel Price variations, Household Income and Employment in the province of Manabí
DOI:
https://doi.org/10.46480/esj.9.2.239Keywords:
Fuel prices, Household income, Employment, Unemployment, Correlation, Manabi, ENEMDUAbstract
Context: This study examines the relationship between fuel price variations and the socioeconomic conditions of households in the province of Manabí during 2024. The main objective was to analyze the potential correlation between the monthly behavior of key fuels (Diesel, Ecopais, Extra, and Super) and critical variables such as average labor income and employment structure. Methodology: A time-series analysis of real fuel prices and consumer price index (CPI) data was conducted. In addition, microdata from the National Employment, Unemployment, and Underemployment Survey (ENEMDU) were processed and refined, specifically filtered for the province of Manabí. Results: The findings reveal significant monthly fluctuations in fuel prices, with particular emphasis on Super gasoline. A progressive decline in average income was observed as prices increased, with Ecopais showing the strongest negative correlation with income (-0.49). Moreover, a negative correlation between income and underemployment was identified, as well as a positive relationship between income and adequate employment. Conclusions: Although the correlations are not highly intense, their consistency supports the claim that variations in fuel prices produce measurable effects on the household economy of Manabí. These results provide valuable evidence for the design of public policies aimed at mitigating the impact of energy price fluctuations on the population.
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Copyright (c) 2025 MARIA JOSE LOOR LOZANO, Roxana Panchana-Cedeño
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