The message in North American energy prices

被引：94

作者：

Serletis, A ^{[1
]}

Herbert, J

机构：

[1] Univ Calgary, Dept Econ, Calgary, AB T2N 1N4, Canada

[2] Virginia Polytech Inst & State Univ, Blacksburg, VA 24061 USA

来源：

ENERGY ECONOMICS | 1999年 / 21卷 / 05期

关键词：

integration; cointegration; causality; error correction models;

D O I：

10.1016/S0140-9883(99)00015-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

How similar is the price behavior of North American natural gas, fuel oil, and power prices? Using current state-of-the-art econometric methodology, we explore the degree of shared trends across North American energy markets. Across these markets, there appear to be effective arbitraging mechanisms for the price of natural gas and fuel oil, but not for the price of electricity. (C) 1999 Elsevier Science B.V. All rights reserved. JEL classifications: C22; C32; Q4.

引用

页码：471 / 483

页数：13

共 11 条

[1]

[Anonymous], J EC SURVEYS

[2] LIKELIHOOD RATIO STATISTICS FOR AUTOREGRESSIVE TIME-SERIES WITH A UNIT-ROOT [J].