論文

査読有り
2013年8月

Linkages among the US energy futures markets

International Journal of Global Energy Issues
  • Kentaka Aruga
  • ,
  • Shunsuke Managi

36
開始ページ
13
終了ページ
26
DOI
10.1504/IJGEI.2013.055934

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.

リンク情報
DOI
https://doi.org/10.1504/IJGEI.2013.055934
Scopus
https://www.scopus.com/record/display.uri?eid=2-s2.0-84882943974&origin=inward
URL
http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=84882943974&origin=inward