Loading...
Please wait, while we are loading the content...
Similar Documents
Do Heating Oil Prices Adjust Asymmetrically To Changes In Crude Oil Prices
| Content Provider | Semantic Scholar |
|---|---|
| Author | Girma, Paul Berhanu |
| Copyright Year | 2011 |
| Abstract | This study investigated if there is an asymmetric relationships between heating oil and crude oil futures price changes for maturities of one to four months. The study finds that heating oil and crude oil futures price series of one-month to four month maturities are threshold cointegrated. The study also shows that heating oil and crude oil futures prices adjust "Asymmetrically" for deviation from equilibrium. At shorter maturities (one and two month contracts) heating oil and crude oil prices adjust faster for positive deviation from threshold equilibrium. In contrast, for longer maturities (three and four month contracts) heating oil and crude oil prices adjust faster for negative deviation from equilibrium. Finally, this study finds that only heating oil prices adjust to clear deviations from long-run equilibrium relationship. |
| Starting Page | 1 |
| Ending Page | 8 |
| Page Count | 8 |
| File Format | PDF HTM / HTML |
| DOI | 10.19030/jber.v9i7.4676 |
| Volume Number | 9 |
| Alternate Webpage(s) | https://clutejournals.com/index.php/JBER/article/download/4676/4765 |
| Alternate Webpage(s) | https://doi.org/10.19030/jber.v9i7.4676 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
