Asymmetric Price Transmission between Crude Oil and the US Gasoline Market
نویسندگان
چکیده
Gasoline and crude oil price movements have been the focus of many studies in last decade. We use asymmetric error correction model (ERM) to examine hypothesis pricing for both regular premium gasoline markets at US national level four states with highest consumption. Using weekly retail prices from June 2000 February 2023, results show an response market all level. However, adjustment speed tends differ types across states. The implications these policy welfare are discussed this study.
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ژورنال
عنوان ژورنال: Journal of risk and financial management
سال: 2023
ISSN: ['1911-8074', '1911-8066']
DOI: https://doi.org/10.3390/jrfm16070326