Fuel price transmission mechanisms in Portugal

Silva, Francisco; Batista, Maria da Graça Câmara; Elias, Nelson Pacheco

http://hdl.handle.net/10400.3/4963

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Authors

Silva, Francisco

Batista, Maria da Graça Câmara

Elias, Nelson Pacheco

Abstract(s)

This study aims to analyze the behavior of fuel prices at the pump (unleaded gasoline and diesel) in Portugal, relative to positive and negative variations in Brent Crude Oil prices. Applying an autoregressive distributed lags model (ARDL) to weekly time series data for the period of January 2004 through May 2009, we detected some signs of asymmetry in the transmission price mechanism. However, these patterns are not statistically significant enough to reject hypotheses of symmetry in the price adjustment mechanisms of fuels in Portugal.

Keywords

Fuel and Oil Prices Price Adjustment Mechanisms

URI

http://hdl.handle.net/10400.3/4963

Citation

Silva, Francisco; Batista, Maria da Graça; Elias, Nelson (2011). Fuel price transmission mechanisms in Portugal, “Working Paper Series” nº 18/11, 30 pp.. Ponta Delgada: Universidade dos Açores, CEEAplA-A.