This study documents the return and volatility spillover effect between the stock prices of Chinese new energy and fossil fuel companies using the asymmetric BEKK model. Based on daily samples taken from August 30, 2006 to September 11, 2012, the dynamics of new energy/fossil fuel stock...

This paper examines if the long-run relationship between retail and wholesale petrol prices is subject to adjustment asymmetric behaviour using weekly Australian data (2007–2012) across 111 locations. A short-run dynamic model is specified in which three feedback coefficients capture three...

This paper estimates the aggregate demand for gasoline in Senegal from 1970 to 2008. The long-term and short-term elasticities of demand with respect to gasoline prices and income are of paramount interest in this study. In Senegal, rising food prices, unemployment and shortage of electric...

In recent years, Germany has significantly increased its share of electricity produced from renewable sources, which is mainly due to the Renewable Energy Act (EEG). The EEG substantially impacts the dynamics of intra-day electricity prices by increasing the likelihood of negative prices. In...

This paper is intended to test and estimate time-varying elasticities for gasoline demand in Switzerland. For this purpose, a smooth time-varying cointegrating parameters model is investigated in order to describe smooth mutations of the Swiss gasoline demand. The methodology, based on Chebyshev...

This paper examines the relationship between oil prices and the US dollar exchange rate using detrended cross-correlation analysis. For a wide set of currencies in the periods before and since the onset of the recent global financial crisis, we characterized the oil price–exchange rate...

This paper investigates the substitutability between energy and capital in the manufacturing sectors of ten OECD countries since 1980 by applying a cost function approach that has been widely used to analyze industrial energy demand. First, we attempt to determine the source of the disagreement...

In this paper we investigate two types of asymmetries, i.e., the asymmetry in the lower and upper tail dependences and the asymmetry in the propagation of crisis (bubble), between crude oil market and refined petroleum markets based on copula models. Thirteen copula models with different types...

This article analyzes the demand for electricity and provides out-of-sample forecasting at the sectoral level using a panel cointegration approach. The econometric model permits cross-sectional heterogeneity within a dynamic framework that incorporates information on relevant income and prices...

The electricity reform in Colombia has exhibited gains in terms of reliability but its effects on firm efficiency and service quality have not been clear. Previous studies evaluating the performance of distribution companies after the reform have not found evidence of improvements, although...