Linkages among the US energy futures markets

Kentaka Aruga, Shunsuke Managi

研究成果: ジャーナルへの寄稿学術誌査読

2 被引用数 (Scopus)

抄録

This study investigates the price linkage among the US major energy sources, considering structural breaks in time series, to provide information for diversifying the US energy sources. We find that only a weak linkage sustains among crude oil, gasoline, heating oil, coal, natural gas, uranium and ethanol futures prices. This implies that the US major energy source markets are not integrated as one primary energy market. Our tests also reveal that uranium and ethanol futures prices have very weak linkages with other major energy source prices. This indicates that the US energy market is still at a stage where none of the probable alternative energy source markets are playing the role as substitute or complement markets for the fossil fuel energy markets.

本文言語英語
ページ(範囲)13-26
ページ数14
ジャーナルInternational Journal of Global Energy Issues
36
1
DOI
出版ステータス出版済み - 2013
外部発表はい

!!!All Science Journal Classification (ASJC) codes

  • 再生可能エネルギー、持続可能性、環境
  • 原子力エネルギーおよび原子力工学
  • エネルギー工学および電力技術

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