 An econometric analysis of retail gasoline prices in a border metropolitan economyThomas Fullerton (), Alan A. Jiménez and Adam G. Walke The North American Journal of Economics and Finance, 2015, vol. 34, issue C, 450-461 Abstract: Previous studies show that a variety of different variables influence retail gasoline price fluctuations. In the case of El Paso, Texas, those variables would include wholesale gasoline prices, local economic conditions, weather, and, more uniquely, cross-border economic variables associated with Ciudad Juarez, Chihuahua, in Mexico. To analyze the contributions of these variables to monthly price movements for gasoline in El Paso, a theoretical model is specified. From the latter construct, a reduced-form equation is extracted. That specification is then expressed within an error correction framework to allow accounting for both long-run and short-run behaviors in this metropolitan economy. Results indicate that the border poses a fairly substantial barrier to normal trade and purchasing patterns for this product within this specific region. Keywords: Border economics; Gasoline prices; Business economics; Applied econometrics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecofin:v:34:y:2015:i:c:p:450-461 DOI: 10.1016/j.najef.2015.09.005 Access Statistics for this article The North American Journal of Economics and Finance is currently edited by Hamid Beladi More articles in The North American Journal of Economics and Finance from Elsevier |
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