Resource title

International Market Integration for Natural Gas ?: A Cointegration Analysis of Gas Prices in Europe, North America and Japan

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Resource description

We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and 2002. The relationship between the international gas marker prices, and their relation to the oil price, are investigated through principal component analysis and Johansen likelihood-based procedures. Both of them show a high level of integration within the European/Japanese and North American markets; but they also show that the European resp. Japanese and the North American markets were not integrated.

Resource author

Anne Neumann, Boriss Siliverstovs, Guillaume L'H├ęgaret, Christian R. von Hirschhausen

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18155

Resource license

Adapt according to the presented license agreement and reference the original author.