Compare tne Asymmetric price model of diesel fuel market withTaiwan and neighbor countries.

• Main Author: 張金鉞
• Other Authors: 周國偉博士
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/03205818339769659710

碩士 === 佛光大學 === 應用經濟學系 === 101 === In view of the recent crude oil prices continue to climb,Pointer crude United States 2003 US $ 30.35 per barrel of West Texas intermediate crude oil until 2012 94.37 dollars a barrel, crude oil prices rose as high as 32%, when international crude oil prices, Is perhaps the most direct impact oil prices, although oil since the beginning of 2008, since implementing the floating oil price mechanism, but statistics show January 2013 United States approximately $ 109.85 a barrel of West Texas intermediate crude oil, April 99.8 dollars a barrel by 10.05%, However, the domestic retail diesel prices fell by only 3.6%,but people generally agreed that rising crude oil prices not reflected in the price of oil.Therefore, this study attempts to f-test (F-test) and the asymmetrical error correction model (ECM), estimated that prices of crude oil and retail high diesel prices and long-run equilibrium relationship and negative response to shocks and check both the existence of asymmetric reactions in short-term prices. The result of this study is described as follows: 1.Crude oil prices and retail high long-run equilibrium relationship between diesel prices significantly. 2.Asymmetric price transmission, for crude oil prices to retail the high diesel price rises, fell accreditation showed there was a short-term shift. 3.Diesel retail prices of positive and negative impacts generally slower reaction time, the adjustment cannot be completed within a short time, display may have a political-economic asymmetry (politico-economic asymmetry).