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.
References
Bollerslev T. (1986), Generalized autoregressive conditional heteroskedasticity, „Journal
of Economet rics”, 31.
Commission of the European Communities, Proposal for a Council Directive amending
Directive 2003/96/EC as regards the adjustment of special tax arrangements for gas
oil used as motor fuel for commercial purposes and the coordination of taxation of
unleaded petrol and gas oil used as motor fuel, (COM(2007)52 fi nal of 13 March
, Brussels.
Cont R. (2001), Empirical properties of asset returns: Stylized facts and statistical issues,„Quantitative Finance”, 1(2).
Council Directive 92/82/EEC of 19 October 1992 on the approximation of the rates of excise
duties on mineral oils, „Offi cial Journal EC”, No L 316 of 31.10.1992, 19–20.
Council Directive 2003/96/EC of 27 October 2003 restructuring the Community framework
for the taxation of energy products and electricity, „Offi cial Journal EC”, No
L 283 of 31.10.2003, 51–70.
Doman M., Doman R. (2004), Ekonometryczne modelowanie dynamiki polskiego rynku
finansowego, Wyd. AE, Poznań.
Engle R. F., Granger C.W.J. (1987), Cointegration and error correction: representation,
estimation and testing, „Econometrica”, 55.
Łacny J., Zalewski W. (2007), Wpływ rozwiązań telematycznych i informatycznych
na funkcjonowanie międzynarodowego transportu drogowego w Polsce, IV Konferencja
Naukowo-Techniczna LogiTrans nt. „Logistyka, Systemy Transportowe,
Bezpieczeństwo w Transporcie”, Szczyrk, 25–27 kwietnia 2007 r.
Maddala G.S., Kim I-M. (2002), Unit roots, cointegration and structural change, Cambridge
University Press.
Miłobędzki P. (2007), Orlen czy Lotos? Kto kształtuje ceny na hurtowym rynku benzyn silnikowych w Polsce? „Dynamiczne Modele Ekonometryczne”, red. Z. Zieliński. Wyd. UMK, Toruń.
Osińska M. (2006), Ekonometria finansowa, PWE, Warszawa.
The new European Commission proposal on commercial fuel duty. Overview of the
new Commission proposal for amending Council Directive 2003/96 concerning commercial diesel fuel taxes, CLTM/B3627/DVI, International Road Transport
Union IRU, Geneva, 6 April 2007.
Downloads
Published
How to Cite
Issue
Section
License
Autorzy, których teksty zostaną przyjęte do publikacji, po uzyskaniu pozytywnych recenzji wydawniczych oraz zaakceptowaniu do publikacji przez Komitet Redakcyjny, podpisują umowę licencyjną.
Stats
Number of views and downloads: 552
Number of citations: 0
