Estimating the speed of adjustment to target levels: The case of energy prices
作者： Seema Narayan , Paresh Kumar Narayan
DOI: 10.1016/J.ENECO.2016.08.016
关键词:
摘要: In this paper, we propose a model that estimates the speed of energy price adjustment to its target level. We also explain source adjustment. Moreover, extract bubbles and show help Since ours is first paper develops an links it bubbles, several avenues for future research have emerged from our analysis. The provide theoretical framework mechanism. second direction will be continue search other potential determinants
core.ac.uk
sci-hub.se 参考文章(36)
Hyeongwoo Kim, Deockhyun Ryu, Measuring the speed of convergence of stock prices: A nonparametric and nonlinear approach Economic Modelling. ,vol. 51, pp. 227- 241 ,(2015) , 10.1016/J.ECONMOD.2015.07.009
Mei-Se Chien, Chien-Chiang Lee, Te-Chung Hu, Hui-Ting Hu, Dynamic Asian stock market convergence: Evidence from dynamic cointegration analysis among China and ASEAN-5 Economic Modelling. ,vol. 51, pp. 84- 98 ,(2015) , 10.1016/J.ECONMOD.2015.06.024
Mark J. Holmes, Jesús Otero, Theodore Panagiotidis, On the dynamics of gasoline market integration in the United States: Evidence from a pair-wise approach Energy Economics. ,vol. 36, pp. 503- 510 ,(2013) , 10.1016/J.ENECO.2012.10.008
Axel Dreher, Tim Krieger, Diesel price convergence and mineral oil taxation in Europe Applied Economics. ,vol. 182, pp. 1955- 1961 ,(2010) , 10.3929/ETHZ-A-005502892
Nicholas Apergis, Marco Chi Keung Lau, Structural Breaks and Electricity Prices: Further Evidence on the Role of Climate Policy Uncertainties in the Australian Electricity Market Energy Economics. ,vol. 52, pp. 176- 182 ,(2015) , 10.1016/J.ENECO.2015.10.014
Patricia Renou-Maissant, Toward the integration of European natural gas markets:A time-varying approach Energy Policy. ,vol. 51, pp. 779- 790 ,(2012) , 10.1016/J.ENPOL.2012.09.027
Anne Neumann, Boriss Siliverstovs, Christian von Hirschhausen, Convergence of European spot market prices for natural gas? A real-time analysis of market integration using the Kalman Filter Applied Economics Letters. ,vol. 13, pp. 727- 732 ,(2006) , 10.1080/13504850500404258
Marlin King, Milan Cuc, Price Convergence in North American Natural Gas Spot Markets The Energy Journal. ,vol. 17, pp. 17- 42 ,(1996) , 10.5547/ISSN0195-6574-EJ-VOL17-NO2-2
Mark Bertus, Bryan Stanhouse, Rational speculative bubbles in the gold futures market: An application of dynamic factor analysis Journal of Futures Markets. ,vol. 21, pp. 79- 108 ,(2001) , 10.1002/1096-9934(200101)21:1<79::AID-FUT4>3.0.CO;2-D
Hengyun Ma, Les Oxley, John Gibson, Gradual reforms and the emergence of energy market in China: Evidence from tests for convergence of energy prices Energy Policy. ,vol. 37, pp. 4834- 4850 ,(2009) , 10.1016/J.ENPOL.2009.06.055