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


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Authors

  • Andre Assis de Salles Federal University of Rio de Janeiro

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. Keywords: Cointegration; Asymmetry; Gasoline Price; Crude Oil Price. JEL Classifications: C22; C51; Q40; O57

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Published

2014-09-12

How to Cite

Salles, A. A. de. (2014). Some Evidence on the Asymmetry between Gasoline and Crude Oil Prices in Selected Countries. International Journal of Energy Economics and Policy, 4(4), 670–678. Retrieved from https://econjournals.com/index.php/ijeep/article/view/918

Issue

Vol. 4 No. 4 (2014)

Section

Articles

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