Linkages among the US energy futures markets

Aruga, Kentaka & Managi, Shunsuke (2013) Linkages among the US energy futures markets. International Journal of Global Energy Issues, 36(1), p. 13.

View at publisher

Abstract

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.

Impact and interest:

0 citations in Scopus
Search Google Scholar™

Citation counts are sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

ID Code: 75377
Item Type: Journal Article
Refereed: Yes
Keywords: Cointegration test; Futures market; Structural break
DOI: 10.1504/IJGEI.2013.055934
ISSN: 1741-5128
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Deposited On: 21 Aug 2014 06:50
Last Modified: 22 Aug 2014 03:08

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page