Asymmetric adjustments of retail fuel prices to international oil price shocks

This paper aims at analyzing whether the retail fuel prices react asymmetrically to changes in the input price or not. In order to accomplish that, we examine the domestic fuel oil sector, the behavior of fuel prices and their components. More over, dynamics on vertical price transmission are examined by performing an econometric study based on time series for Castellón from 6th June 2009 to 14th September 2011. The overall work displays a concentrated Spanish oil market and the likely existence of asymmetries in price transmission.

Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2016/2017

Country

Spain

Related Organizations

Jaume I University
Spain

Keywords

oil prices, stationary, ECM, Grado en Economía, Bachelor's Degree in Economics, shock, asymmetry, Grau en Economia

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	0
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average