ANALÝZA CEN BENZÍNU A NAFTY V ČR
| Title in English | ANALYSIS OF THE PETROL AND NAPHTHA PRICES IN THE CZECH REPUBLIC |
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| Authors | |
| Year of publication | 2013 |
| Type | Article in Proceedings |
| Conference | Hradecké ekonomické dny 2013/I |
| MU Faculty or unit | |
| Citation | |
| Web | http://fim.uhk.cz/hed/images/Sbornik_2013_dil_1.pdf |
| Field | Economy |
| Keywords | petrol; naphtha; price analysis; cointegration; Czech Republic |
| Description | The article examines the existence of the long-run equilibrium relationship between Rotterdam spot market prices and final prices in the individual countries for petrol and naphtha. The hypothesis is not supported by the evidence. However, in case of petrol there is an evidence for the feedback effect, i.e. mutual influence between the prices in the individual countries and the spot market prices. In case of naphtha, only the causality from the spot market prices to the prices in the individual countries can be observed. |
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