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022 _a13504851
040 _aMSU
_cMSU
_erda
_bEnglish
050 0 0 _aHB1.A666 APP
100 1 _aLamotte Olivier
_eauthor
245 1 0 _aAsymmetric gasoline price responses in France
_ccreated by Oliver Lamotte , Thomas Porcher, Christophe Schalck and Stephan Silvestre
264 1 _aNew York:
_bTaylor & Francis,
_c2013
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aApplied economics letters
_vVolume 20, number 5
520 3 _aThis 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.
650 _aGasoline prices
_vARDL
_xPrice asymmetries
_zFrance
700 1 _aPorcher Thomas
_eco-author
700 1 _aSchalck Christophe
_eco-author
700 1 _aSilvestre Stephan
_eco-author
856 _uhttps://doi.org/10.1080/13504851.2012.714063
942 _2lcc
_cJA
999 _c162947
_d162947