scholarly journals An Empirical Analysis for the Dynamic Relationship between China's Energy Consumption and Economic Growth--Based on Cointegration Analysis and State-Space Model

2011 ◽  
Vol 5 ◽  
pp. 2252-2256 ◽  
Author(s):  
Ma Ying ◽  
Wang bin ◽  
Xue Long
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
State Space ◽  
Empirical Analysis ◽  
State Space Model ◽  
Cointegration Analysis ◽  
Space Model ◽  
Dynamic Relationship

scholarly journals Price Convergence and Information Efficiency in German Natural Gas Markets

2015 ◽  
Vol 16 (1) ◽  
pp. 87-103 ◽  
Author(s):  
Christian Growitsch ◽  
Rabindra Nepal ◽  
Marcus Stronzik
Keyword(s):  
Natural Gas ◽  
The Netherlands ◽  
State Space ◽  
State Space Model ◽  
Spot Market ◽  
Cointegration Analysis ◽  
Price Convergence ◽  
Information Efficiency ◽  
Space Model ◽  
Varying Coefficients

Abstract In 2007, Germany changed network access regulation in the natural gas sector and introduced a so-called entry-exit system. The spot market effects of the reregulation remain to be examined. We use cointegration analysis and a state space model with time-varying coefficients to study the development of natural gas spot prices in the two major trading hubs in Germany and the interlinked spot market in the Netherlands. To analyse information efficiency in more detail, the state space model is extended to an error correction model. Overall, our results suggest a reasonable degree of price convergence between the corresponding hubs. Market efficiency in terms of information processing has increased considerably among Germany and the Netherlands.

Sign in / Sign up

Export Citation Format

Share Document