Full metadata record
DC FieldValueLanguage
dc.creatorMartin-Valmayor, M. (Miguel)-
dc.creatorGil-Alana, L.A. (Luis A.)-
dc.creatorInfante-Infante, J. (Juan)-
dc.date.accessioned2023-09-27T10:26:35Z-
dc.date.available2023-09-27T10:26:35Z-
dc.date.issued2023-
dc.identifier.citationMartin-Valmayor, M. (Miguel); Gil-Alana, L.A. (Luis A.); Infante, J. (Juan). "Energy prices in Europe. Evidence of persistence across markets". Resources Policy. 82, 2023, 103546es_ES
dc.identifier.issn0301-4207-
dc.identifier.urihttps://hdl.handle.net/10171/67336-
dc.description.abstractThis paper deals with the behavior of energy price changes and how their shocks exert an impact on suppliers and consumers in different markets. For this purpose, a fractional integration model is used to evaluate the persistence and mean reversion in prices across the major European markets (Germany, France, Italy, UK, Spain). We compare the results with other major players as the US and Japan, to understand, first, if the European behavior is different, and second, if geopolitical shocks that are affecting this market are expected to be permanent. Empirical results show evidence of mean reversion properties in European prices, though some minor differences arise from market to market that apparently, are not associated with the energy generation strategies followed by each country. Thus, it will likely be expected following the current energy shocks the series will recover due to natural market forces, without the need for additional policies.es_ES
dc.language.isoenges_ES
dc.publisherElsevieres_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.subjectEnergy consumptiones_ES
dc.subjectEnergy priceses_ES
dc.subjectLong memoryes_ES
dc.subjectFractional integrationes_ES
dc.subjectPersistencees_ES
dc.titleEnergy prices in Europe. Evidence of persistence across marketses_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.description.noteThis is an open access article under the CC BY licensees_ES
dc.identifier.doi10.1016/j.resourpol.2023.103546-
dadun.citation.publicationNameResources Policyes_ES
dadun.citation.startingPage103546es_ES
dadun.citation.volume82es_ES

Files in This Item:
Thumbnail
File
1-s2.0-S030142072300257X-main.pdf
Description
Size
560.81 kB
Format
Adobe PDF


Statistics and impact

Items in Dadun are protected by copyright, with all rights reserved, unless otherwise indicated.