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- W2914331505 abstract "For years, environmentalists have been seeking carbon taxes and other measures to ratchet up oil prices to encourage us on to a clean-energy path. But some are now hailing the price crash as good for the environment, because for the environment, though, it should at least mean that more fossil fuels stay in the ground. A halving of oil prices is hailed as good news for cash-strapped consumers. But there could also be unexpected gains for the environment. In energy industry, the price asymmetry in oil market is one of the most frequently discussed topics. The large disparity existing in results allows no consistent conclusion to be drawn associated with the phenomenon. In the paper, in order the inspect the asymmetric hysteresis of the crude oil price to gasoline price in China, the time series of bi-weekly spot close prices for China`s Daqing crude oil and retailed NO. 93 and No. 97 gasoline is adopted on the basis of NARDL model and VECM model. There is another significant discovery in the NARDL model, namely, the existence of China`s hysteresis and asymmetry in the pretax retail price of gasoline in both long and short term. As to the asymmetric effect, the positive shocks of crude oil can exert more significant influence on gasoline price of both No. 93 and No. 97 that the negative shocks of crude oil." @default.
- W2914331505 created "2019-02-21" @default.
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- W2914331505 date "2018-11-08" @default.
- W2914331505 modified "2023-09-27" @default.
- W2914331505 title "Environmental Assessment of Asymmetric Hysteresis of China’s Crude Oil Price to Gasoline Price" @default.
- W2914331505 hasPublicationYear "2018" @default.
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