کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5097725 | 1478604 | 2016 | 11 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
“Asymmetric asymmetries” in Eurozone markets gasoline pricing
ترجمه فارسی عنوان
یک نامتقارن در بازارهای منطقه یورو قیمت بنزین را تامین می کند
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
Building on the well-established “rockets and feathers” literature and on the recently developed nonlinear autoregressive distributed lag (NARDL) modelling, we investigate the asymmetries in gasoline pricing in a comprehensive sample of monthly data from twelve Eurozone countries from 1999:1 to 2015:12. The empirical results feature two robust patterns. Firstly, while the effects of exchange rate variations display positive asymmetry (i.e., depreciations have a greater effect than appreciations), crude price variations induce negative asymmetry (i.e., reductions in the price of crude oil have a greater effect than price rises). Secondly, the positive asymmetry to exchange rate changes is stronger in core Eurozone countries. The negative asymmetry with respect to crude oil prices confirms the results of recent empirical research and theoretical models. The different behavior between Eurozone core and periphery provides further insights into the nature of pricing asymmetries.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Journal of Economic Asymmetries - Volume 13, June 2016, Pages 89-99
Journal: The Journal of Economic Asymmetries - Volume 13, June 2016, Pages 89-99
نویسندگان
Alberto Bagnai, Christian Alexander Mongeau Ospina,