Year 2018, Volume 2, Issue 3, Pages 64 - 74 2018-12-26

HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH

Şebnem ÇOBAN [1]

35 94

In this research, an in-depth analysis was conducted on log-linear model in order to examine the relationship between the crude oil and diesel prices. Generally, similar behavior may be observed between these variables. For this purpose, unit root analysis was conducted on time series data of log-linear model to examine if the series are stationary or non-stationary. The series also were analyzed using Engle-Granger Cointegration test to observe if they were co-integrated, and share the common stochastic trend. Moreover, ARDL (Autoregressive distributed lag) analysis was also conducted to examine the long-run relationship in this study. Monthly time series data between April 1994 and October 2017 of US crude oil and diesel prices have been used in this analysis. Empirical results clearly show that, the diesel and crude oil prices have the same trend and move in a similar way in time and there is an evidence that long-run relationship also exist.

crude oil, diesel, log-linear model, unit root, co-integration
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Primary Language en
Subjects Management
Journal Section Articles
Authors

Author: Şebnem ÇOBAN (Primary Author)
Institution: DOĞU AKDENİZ ÜNİVERSİTESİ
Country: Turkey


Dates

Publication Date: December 26, 2018

Bibtex @research article { ijemi434430, journal = {International Journal of Entrepreneurship and Management Inquiries}, issn = {}, eissn = {2602-3970}, address = {Himmet KARADAL}, year = {2018}, volume = {2}, pages = {64 - 74}, doi = {}, title = {HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH}, key = {cite}, author = {ÇOBAN, Şebnem} }
APA ÇOBAN, Ş . (2018). HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH. International Journal of Entrepreneurship and Management Inquiries, 2 (3), 64-74. Retrieved from http://dergipark.org.tr/ijemi/issue/39142/434430
MLA ÇOBAN, Ş . "HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH". International Journal of Entrepreneurship and Management Inquiries 2 (2018): 64-74 <http://dergipark.org.tr/ijemi/issue/39142/434430>
Chicago ÇOBAN, Ş . "HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH". International Journal of Entrepreneurship and Management Inquiries 2 (2018): 64-74
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EndNote %0 International Journal of Entrepreneurship and Management Inquiries HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH %A Şebnem ÇOBAN %T HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH %D 2018 %J International Journal of Entrepreneurship and Management Inquiries %P -2602-3970 %V 2 %N 3 %R %U
ISNAD ÇOBAN, Şebnem . "HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH". International Journal of Entrepreneurship and Management Inquiries 2 / 3 (December 2018): 64-74.
AMA ÇOBAN Ş . HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH. Turkish and English. 2018; 2(3): 64-74.
Vancouver ÇOBAN Ş . HOW CRUDE OIL PRICES AFFECT DIESEL PRICES IN UNITED STATES: AN EMPIRICAL ANALYSIS USING ARDL APPROACH. International Journal of Entrepreneurship and Management Inquiries. 2018; 2(3): 74-64.