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dc.contributor.authorBalaguer, Jacint
dc.contributor.authorRipollés, Jordi
dc.date.accessioned2013-05-27T15:38:36Z
dc.date.available2013-05-27T15:38:36Z
dc.date.issued2012
dc.identifier.issn0140-9883
dc.identifier.urihttp://hdl.handle.net/10234/64773
dc.description.abstractIn this work we use daily data to examine pattern asymmetries in the speed of transmission of international wholesale oil prices to Spanish retail fuel prices. Results are robust to two alternative specifications of an asymmetric error correction model, for which the presence of autoregressive conditional heteroskedasticity for disturbances is modeled by a GARCH(1,1) process. Evidence indicates that the short-term transmission of wholesale prices to retail prices is quite symmetric for both gasoline and diesel fuel. Nevertheless, in contrast to some of the results provided for an earlier period, we did not find asymmetries in the speed of retail price responses toward long-run equilibrium. Our evidence also suggests that the use of weekly (or lower frequency) data is one of the possible explanations for some of the seemingly contradictory results concerning this issue.ca_CA
dc.format.extent6 p.ca_CA
dc.format.mimetypeapplication/pdfca_CA
dc.language.isoengca_CA
dc.publisherElsevierca_CA
dc.relation.isPartOfEnergy Economics. November 2012, Volume 34, Issue 6ca_CA
dc.rightsCopyright © 2012 Elsevier B.V. All rights reservedca_CA
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/*
dc.subjectPrice transmissionca_CA
dc.subjectAsymmetryca_CA
dc.subjectDaily dataca_CA
dc.subjectFuel productsca_CA
dc.titleTesting for price response asymmetries in the Spanish fuel market. New evidence from daily dataca_CA
dc.typeinfo:eu-repo/semantics/articleca_CA
dc.identifier.doihttp://dx.doi.org/10.1016/j.eneco.2012.02.013
dc.rights.accessRightsinfo:eu-repo/semantics/restrictedAccessca_CA
dc.relation.publisherVersionhttp://www.sciencedirect.com/science/article/pii/S0140988312000412ca_CA


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