Loading...
Please wait, while we are loading the content...
Similar Documents
Price Adjustment in Taiwan Retail Gasoline Market
| Content Provider | Scilit |
|---|---|
| Author | Chou, Kuowei |
| Copyright Year | 2012 |
| Description | This paper uses weekly data over a sample research period of 2002M4 - 2011M11 to estimate the impact of crude oil price on pre-tax retail gasoline price in Taiwan. We found that there is a significant, long-run equilibrium relationship between crude oil price and retail gasoline price. In the asymmetric ECM framework, this paper finds that there was distributed lag effect symmetry (DLES) between oil price and retail gasoline price. By the cumulated adjustment function, we show that retail gasoline price in Taiwan respond more quickly to reductions in crude oil price. |
| ISSN | 1916971X |
| e-ISSN | 19169728 |
| DOI | 10.5539/ijef.v4n7p132 |
| Journal | International Journal of Economics and Finance |
| Issue Number | 7 |
| Volume Number | 4 |
| Language | English |
| Publisher | Canadian Center of Science and Education |
| Publisher Date | 2012-06-25 |
| Access Restriction | Open |
| Subject Keyword | Mathematical Social Sciences Crude Oil Gasoline Price Retail Gasoline |
| Content Type | Text |
| Resource Type | Article |