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

Salles, Andre Assis de (2014): Asymmetry between Gasoline and Crude Oil Prices in the Brazilian Economy and Some Selected Developed Economies. Published in: International Journal of Energy Economics and Policy , Vol. 4, No. No.4 (2014): pp. 670-678.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Cointegration; Asymmetry; Gasoline Price; Crude Oil Price.
• Subjects: C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and Estimation; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O57 - Comparative Studies of Countries; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q40 - General

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