کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5053672 1371457 2016 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Oil prices, exchange rate, and the price asymmetry in the Taiwanese retail gasoline market
ترجمه فارسی عنوان
قیمت نفت، نرخ ارز و عدم تقارن قیمت در بازار بنزین خرده فروشی تایوان
کلمات کلیدی
قیمت نفت، نرخ تبدیل، قیمت بنزین خرده فروشی، مدل انحراف توزیع نشده نامتقارن، عدم تقارن سیاسی و اقتصادی،
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی


- We model asymmetries in the adjustments of the Taiwanese retail gasoline price.
- We use asymmetric autoregressive distributed lag model as the reduced form.
- The adjustments of retail gasoline price follow a politico-economic asymmetry.
- Exchange rate shocks are the main source of price asymmetry.

This study used the asymmetric autoregressive distributed lag model to evaluate the influence of oil price and exchange rate fluctuations on retail gasoline prices in Taiwan. Unlike the numerous previous studies, we considered the unit root tests with a structural break and suggested that all price variables were stationary series. We also showed that the adjustments of retail gasoline price follow a politico-economic asymmetry. Moreover, gasoline price responses to exchange-rate shocks were slow and complex and exhibited reverse adjustments during periods of initial exchange-rate depreciation. This is potentially because domestic petroleum companies must purchase foreign currency before purchasing crude oil.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 52, Part B, January 2016, Pages 733-741
نویسندگان
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