Structural shocks and dynamic elasticities in a long memory model of the US gasoline retail market
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DOI: 10.1007/s00181-016-1145-x
Abstract: A structural multivariate long memory model of the US gasoline market is employed to disentangle structural shocks and to estimate the own-price elasticity of gasoline demand. Our main empirical findings are: (1) there is strong… read more here.
Keywords: model gasoline; memory model; market; structural shocks ... See more keywords