Pump prices in Morocco and oil price: an analysis of transmission

Les prix à la pompe au Maroc et prix du pétrole: une analyse de la transmission

Mohamed Drar and Mbarek Aoufir
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Mohamed Drar: UH2C - Université Hassan II de Casablanca = University of Hassan II Casablanca = جامعة الحسن الثاني (ar)
Mbarek Aoufir: UH2C - Université Hassan II de Casablanca = University of Hassan II Casablanca = جامعة الحسن الثاني (ar)

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Abstract: The observation of pump price levels in Morocco and the price of oil raises many questions among the public and economists, who note a certain discrepancy between the level of the price of crude oil and that of pump prices. This phenomenon, known in the literature as "Rockets and feathers", expresses a certain asymmetry between these two prices, whereby prices at the pump react quickly to increases in the price of crude oil, but only slowly to decreases in the latter. Thus, this paper aims to test this asymmetry hypothesis for the case of Morocco using NARDL (nonlinear autoregressive distributed lags) model throughout 49 fortnights (from 16/01/2016 to 16/12/2017). The results of this study did not confirm the presence of a certain asymmetry in either the short or long term between the price of refined gasoil at import and retail price. Keywords: Transmission; Asymmetry; NARDL; pump prices; Morocco Classification JEL : L11 ; L51 Paper type : Empirical research

Keywords: Morocco; pump prices; NARDL; asymmetry; Transmission; asymétrie; Maroc; prix à la pompe (search for similar items in EconPapers)
Date: 2024-02-20
New Economics Papers: this item is included in nep-ara
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Published in International Journal of Accounting, Finance, Auditing, Management and Economics, 2024, 5 (2), pp.408-423. ⟨10.5281/zenodo.10688741⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05165650

DOI: 10.5281/zenodo.10688741

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