The relative effects of crude oil price and exchange rate on petroleum product prices: evidence from a set of Northern Meditteranean countries

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buir.contributor.authorBerument, Hakan
dc.citation.epage249en_US
dc.citation.spage243en_US
dc.citation.volumeNumber42en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorSahin, A.en_US
dc.contributor.authorSahin, S.en_US
dc.date.accessioned2015-07-28T12:01:45Z
dc.date.available2015-07-28T12:01:45Z
dc.date.issued2014en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis paper provides a set of empirical evidence from five Northern Mediterranean countries that are subject to similar refinery reference prices regarding the relative sensitivity of crude oil prices and exchange rate on (pre-tax) petroleum product prices. The empirical evidence reveals that a one percent increase in exchange rate (depreciation) increases petroleum product prices less than a one percent increase in crude oil prices does in the long run. In the short run, however, a one percent increase in exchange rate increases petroleum product prices more than a one percent increase in crude oil prices does. © 2014 Elsevier B.V. All rights reserved.en_US
dc.identifier.doi10.1016/j.econmod.2014.07.019en_US
dc.identifier.eissn1873-6122
dc.identifier.issn0264-9993
dc.identifier.urihttp://hdl.handle.net/11693/12511en_US
dc.language.isoEnglishen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.econmod.2014.07.019en_US
dc.source.titleEconomic Modellingen_US
dc.subjectOil Pricesen_US
dc.subjectExchange Ratesen_US
dc.subjectAsymmetryen_US
dc.titleThe relative effects of crude oil price and exchange rate on petroleum product prices: evidence from a set of Northern Meditteranean countriesen_US
dc.typeArticleen_US

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