Nationale und internationale Bestimmungsfaktoren der schweizerischen Mineralölpreise:
This paper investigates how Swiss consumer prices for gasoline and light heating oil react to changes in corresponding Rotterdam prices and tax rates. Monthly data from January 1977 to June 1993 are employed. After using unit root, Granger causality and cointegration tests error correction models are estimated to seperate long-run equilibrium relations from short-run adjustment processes. Only the Rotterdam prices and the tax rates have a long-run influence on Swiss consumer prices. Changes of the crude oil price have at best a short-run impact. However, tax changes and - with respect to heating oil - also Rotterdam price changes are transferred to more than 100 percent. This might indicate that Swiss mineral oil markets are not fully contested.
Volume (Year): 130 (1994)
Issue (Month): III (September)
|Contact details of provider:|| Postal: c/o SNB/BNS, Börsenstrasse 15, PO Box 2800, CH-8022 Zürich|
Phone: +41 (0)44 631 32 34
Fax: +41 (0)44 631 39 01
Web page: http://www.sjes.ch
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Breusch, Trevor S & Wickens, Michael R., 1987. "Dynamic Specification, the Long Run and the Estimation of Transformed Regression Models," CEPR Discussion Papers 154, C.E.P.R. Discussion Papers.
- Julio J. Rotemberg & Garth Saloner, 1986.
"The Relative Rigidity of Monopoly Pricing,"
NBER Working Papers
1943, National Bureau of Economic Research, Inc.
- Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
- Johansen, Søren, 1995.
"A Stastistical Analysis of Cointegration for I(2) Variables,"
Cambridge University Press, vol. 11(01), pages 25-59, February.
- Johansen, S., 1991. "A Statistical Analsysis of Cointegration for I(2) Variables," Papers 77, Helsinki - Department of Economics.
- Engle, Robert F. & Yoo, Byung Sam, 1987. "Forecasting and testing in co-integrated systems," Journal of Econometrics, Elsevier, vol. 35(1), pages 143-159, May.
- Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-72, June.
- Osterwald-Lenum, Michael, 1992. "A Note with Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 461-72, August.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Gebhard Kirchgässner, 1987. "Zur Anpassung der schweizerischen Mineralölpreise an die internationale Entwicklung. Empirische Tests einiger Hypothesen," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 123(II), pages 123-146, June.
- Kirchgassner, Gebhard & Kubler, Knut, 1992. "Symmetric or asymmetric price adjustments in the oil market : An empirical analysis of the relations between international and domestic prices in the Federal Republic of Germany, 1972-1989," Energy Economics, Elsevier, vol. 14(3), pages 171-185, July.
- Bird, Peter J. W. N., 1987. "Continuity and reversal in oil spot price movements," Energy Economics, Elsevier, vol. 9(2), pages 73-81, April.
When requesting a correction, please mention this item's handle: RePEc:ses:arsjes:1994-iii-19. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Steiner)
If references are entirely missing, you can add them using this form.