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Asymmetry between Gasoline and Crude Oil Prices in the Brazilian Economy and Some Selected Developed Economies

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  • Salles, Andre Assis de

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 causality and 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

  • Salles, Andre Assis de, 2014. "Asymmetry between Gasoline and Crude Oil Prices in the Brazilian Economy and Some Selected Developed Economies," MPRA Paper 98985, University Library of Munich, Germany, revised 2020.
    • Handle: RePEc:pra:mprapa:98985
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    References listed on IDEAS

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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
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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