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Some Evidence on the Asymmetry between Gasoline and Crude Oil Prices in Selected Countries

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  • Andre Assis de Salles

    (Industrial Engineering Department, Polytechnic School Federal University of Rio de Janeiro, Rio de Janeiro, Brazil.)

Abstract

The objective of this work is to study the gasoline prices evolution and its relationship between crude oil prices in the international market through cointegration tests and across regression models of asymmetric, specifically this work uses stochastic models with heteroskedasticity and error correction mechanisms when it is mandatory. To achieve the purpose the purpose of this work, the gasoline prices were collected in Brazil, the USA and in a selected sample of six European countries namely Belgium, France, Germany, Italy, the Netherlands and the United Kingdom markets. All results are comparing among the markets selected to observe country similarities. All prices information collected were converted into U.S. dollars per liter. The data covers the period from June 2006 to April 2013.

Suggested Citation

  • Andre Assis de Salles, 2014. "Some Evidence on the Asymmetry between Gasoline and Crude Oil Prices in Selected Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 670-678.
    • Handle: RePEc:eco:journ2:2014-04-16
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    References listed on IDEAS

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    Cited by:

    1. Rahman, Mohammad Chhiddikur, 2020. "Welfare Impact of Asymmetric Price Transmission on Bangladesh Rice Consumers," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 242248, January.

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    More about this item

    Keywords

    Cointegration; Asymmetry; Gasoline Price; Crude Oil Price.;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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