Verification of the Weak-Form Informational Efficiency of Fuel Markets in the Visegrad Group

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Monika Krawiec
Anna Górska
Agnieszka Gehringer

Abstrakt

The paper aims at examining the weak-form informational efficiency of fuel markets in the Visegrad Group (V4) countries: the Czech Republic, Hungary, Poland and Slovakia from January 2016 through December 2020. For this purpose, the following statistical tests were applied: the runs test, the variance ratio test, the autocorrelation tests, the unit root tests. The tests provided mixed results not giving a definitive answer to the question of whether V4 fuel markets were informationally efficient in a weak form. The only exception is Slovakia where gasoline and diesel prices followed random walk, providing evidence in favor of the weak-form informational efficiency of the market.

Article Details

Jak cytować
Krawiec, M., Górska, A., & Gehringer, A. (2023). Verification of the Weak-Form Informational Efficiency of Fuel Markets in the Visegrad Group. Metody Ilościowe W Badaniach Ekonomicznych, 24(3), 149–161. https://doi.org/10.22630/MIBE.2023.24.3.11
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