Asymmetric gasoline price responses in France created by Oliver Lamotte , Thomas Porcher, Christophe Schalck and Stephan Silvestre

By:

Lamotte Olivier [author]

Contributor(s):

Material type: Text

TextSeries: Applied economics letters ; Volume 20, number 5New York: Taylor & Francis, 2013Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

13504851

Subject(s):

Gasoline prices -- ARDL -- Price asymmetries -- France

LOC classification:

HB1.A666 APP

Online resources:

Click here to access online

Abstract: This article examines the response of gasoline prices in France to shocks to crude oil prices in the international market. Using the Autoregressive Distributed Lag (ARDL) bounds testing approach of cointegration, we investigate potential price asymmetries in the French diesel and premium gasoline markets using weekly data over the period from May 1990 to April 2011. We find that gasoline prices gradually adjust towards a long-term equilibrium after a shock to the crude oil price, but this adjustment is lower when the crude oil price decreases than when it increases. We also find that the estimates differ slightly depending on the chosen gasoline price.

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Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB1.A666 APP (Browse shelf(Opens below))	Vol. 20, no. 5 (pages 457-461)	SP17976	Not for loan	For In House Use Only

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This article examines the response of gasoline prices in France to shocks to crude oil prices in the international market. Using the Autoregressive Distributed Lag (ARDL) bounds testing approach of cointegration, we investigate potential price asymmetries in the French diesel and premium gasoline markets using weekly data over the period from May 1990 to April 2011. We find that gasoline prices gradually adjust towards a long-term equilibrium after a shock to the crude oil price, but this adjustment is lower when the crude oil price decreases than when it increases. We also find that the estimates differ slightly depending on the chosen gasoline price.

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