Are US gasoline price adjustments asymmetric?

Rao, Bhaskara B. and Rao, Gyaneshwar (2008) Are US gasoline price adjustments asymmetric? Applied Economics Letters, 15 (6). pp. 443-447. ISSN 1350-4851

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Abstract

We use the LSE-Hendry general to specific approach to analyse if US gasoline price adjustments are asymmetric with respect to changes in crude oil prices. Furthermore, we modify some weaknesses in the earlier works by Borenstein et al. (1997) and Bachmeier and Griffin (2003) and shows that if the price adjustment equations are properly specified and estimated, alternative specifications and temporal aggregation of data do not affect the results. Monthly US data are used to show that alternative specifications give equally good results and there is no asymmetry in the US gasoline price adjustments.

Item Type:	Journal Article
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Business and Economics (FBE) > School of Economics
Depositing User:	Ms Neha Harakh
Date Deposited:	10 Jan 2008 21:25
Last Modified:	17 Jul 2012 08:10
URI:	https://repository.usp.ac.fj/id/eprint/143

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