This paper aims to understand the gas-pricing mechanism in the major markets and hence draw implications for gas-pricing reform in Asia. It adopts the bootstrap sub-sample rolling-window Granger test to investigate the causality between crude oil and natural gas prices. Unlike the estimations...

The paper is an empirical investigation of the causal nexus between geopolitical risk and crude oil trade in the USA for the period from February 1985 to June 2018. It is innovative both in that it uses the Caldara and Iacovello (2018) geopolitical risk as well as for the time varying causality...