Market and institutional determinants of fuel prices and their influence on the road transport development in Poland in 2004–2008
DOI:
https://doi.org/10.12775/AUNC_ECON.2008.015Keywords
road transport, fuel prices, GARCH, error correction model, fuel taxesAbstract
International transport of goods by road is one of the most dynamically developing sectors of the econo my in Poland in recent years. However, this process was subjected to permanent economic determinants changes that had signifi cantly affected economic effectiveness of Polish road transport undertakings. The basic reasons for the decrease of their effectiveness lie in signifi cant currency rates changes and permanent transport cost increase resulting from the fuel price changes. The aim of the paper is to determine tendencies in the fuel price changes observed on domestic and international markets in the period between January 2004 and October 2008 as well as to analyse the fi scal conditions in the EU and their infl uence on the cost of performance of road transport undertakings.
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