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Transmisión del Precio Internacional del Petróleo a los Precios Internos del Petróleo y los Combustibles en la Argentina

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  • Alberto Porto
  • Francisco Pizzi

Abstract

This paper presents evidence of the pass-through from the world price of oil to domestic prices of oil, gasoline and gas- oil between January 2005 and June 2017 in Argentina. Several periods are identified according to the variation of the international price of oil. The calculations reveal high variability of all prices. A dynamic model is estimated with four main results. First, there is low transmission from international to the domestic price of oil. Second, the pass-through from domestic price of oil to domestic prices of gasoline and gas-oil free of taxes is similar to the relationship between those variables at the international level. Third, gasoline and gas-oil taxes are transferred to consumers. Finally, the pass-through from the domestic price of oil to retail prices of gasoline and gas-oil is close to one. There are asymmetries in the response to oil price shocks and the response is higher when prices decrease. The dissociation of the internal-external relative price is linked with the evolution of production, consumption and exports of oil.

Suggested Citation

  • Alberto Porto & Francisco Pizzi, 2018. "Transmisión del Precio Internacional del Petróleo a los Precios Internos del Petróleo y los Combustibles en la Argentina," Department of Economics, Working Papers 118, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    • Handle: RePEc:lap:wpaper:118
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    References listed on IDEAS

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    More about this item

    Keywords

    precios; petróleo; combustibles; impuestos; traspaso.;
    All these keywords.

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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