Analysis of gasoline and diesel prices in the Czech Republic
|Author:||Bc. Martina Badáňová|
|Year:||2012 - summer|
|Leaders:|| prof. PhDr. Ladislav Krištoufek Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||This thesis investigates relationship between fuel (gasoline and diesel) prices in the Czech Republic and
world crude oil prices over the period from 2004 to 2011. Using daily data we estimate an asymmetric
error correction model and we find that in the short-run fuel prices are adjusted upwards to the long-run
equilibrium faster than they are adjusted downwards to the equilibrium. However, the difference in
responses is found to be not statistically significant.
|Downloadable:|| BT Badáňová