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The present paper studies the effect of an upward correction of the natural gas price on the Russian domestic market … liberalize the regulated domestic market price and decrease subsidies for natural gas products. This is claimed to fit in a … policy promoting energy efficiency, increasing investments in natural gas production and bringing the natural gas price on …
Persistent link: https://www.econbiz.de/10011522021
energy types. This paper discusses the evolution of price reforms for coal, petroleum products, natural gas and electricity … in China, provides some analysis of these energy price reforms, and suggests few areas of reforms could take place in …
Persistent link: https://www.econbiz.de/10010403532
, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences … about cointegration relationships, price adjustments and relative values. We propose the use of regime-switching models to … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …
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In this paper, we revisit price and volatility transmission among natural gas, fertilizer, and corn markets; an … important issue was explored in previous work. An update of the results is urgently needed due to the recent enormous price … market prices. Our results are consistent with previous research showing that natural gas price returns in the short-term are …
Persistent link: https://www.econbiz.de/10012888238
In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...
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