Title of article
A threshold cointegration analysis of asymmetric price transmission from crude oil to gasoline prices
Author/Authors
Li-Hsueh Chen، نويسنده , , Miles Finney، نويسنده , , Kon S. Lai، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
7
From page
233
To page
239
Abstract
This study provides new supportive evidence for asymmetric adjustment in U.S. retail gasoline prices. The asymmetric transmission is found to occur not just through the spot markets of crude oil and refinery gasoline but also through their future markets. Further evidence also shows that the observed asymmetry in price transmission primarily occurs downstream – not upstream – of the transmission process.
Keywords
Asymmetric adjustment , Crude oil , Spot gasoline price , Threshold cointegration
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435797
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