Analysis of Asymmetry in Slovak Gasoline and Diesel Retail Market

Konferenzbeitrag

In this paper we examine if Slovak retail gasoline and diesel prices respond more quickly when crude oil price rises rather than when it decreases. The error correction model with irreversible behaviour of explanatory variables is considered to be basic tool for the analysis of asymmetric retail price reaction of gasoline and diesel. The explanatory variable is divided into two variables, the positive and the negative differences implying a price increase and a price decrease. Due to the link between the gasoline and diesel markets, we assume a common co-integration relationship. Therefore, we also estimate vector error correction model in our analysis. The both model approaches reject expected asymmetry in the retail price reactions on crude oil changes.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Rovinj, Croatia, 12-14 September 2019 ; Year: 2019 ; Pages: 359-366 ; Zagreb: IRENET - Society for Advancing Innovation and Research in Economy

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Mining, Extraction, and Refining: Hydrocarbon Fuels ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Model Evaluation, Validation, and Selection
• Thema: gasoline and diesel retail price research ; irreversible model ; cointegration ; rockets and feathers

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Szomolányi, Karol ; Lukáčik, Martin ; Lukáčiková, Adriana
• Ereignis: Veröffentlichung
• (wer): IRENET - Society for Advancing Innovation and Research in Economy
• (wo): Zagreb
• (wann): 2019

Weitere Informationen

• Handle: http://hdl.handle.net/10419/207696
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ