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Nationale und internationale Bestimmungsfaktoren der schweizerischen Mineralölpreise

Gebhard Kirchgässner

Swiss Journal of Economics and Statistics (SJES), 1994, vol. 130, issue III, 575-598

Abstract: This paper investigates how Swiss consumer prices for gasoline and light heating oil react to changes in corresponding Rotterdam prices and tax rates. Monthly data from January 1977 to June 1993 are employed. After using unit root, Granger causality and cointegration tests error correction models are estimated to seperate long-run equilibrium relations from short-run adjustment processes. Only the Rotterdam prices and the tax rates have a long-run influence on Swiss consumer prices. Changes of the crude oil price have at best a short-run impact. However, tax changes and - with respect to heating oil - also Rotterdam price changes are transferred to more than 100 percent. This might indicate that Swiss mineral oil markets are not fully contested.

Date: 1994
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