Document Type
Article
Publication Date
5-2009
Publication Title
Energy Economics
Volume
31
Issue
3
Pages
492-502
Abstract
Modern economies have been subjected to a number of shocks during the past several years such as the burst of the Internet bubble, terrorist attacks, corporate scandals, the war in Iraq, the uncertainty about energy prices, and the recent subprime mortgage crisis. In particular, during the last few years, the energy shock has caused concerns for potential stagflation for both the United States and numerous other countries. We perform numerous univariate tests for non-linearity and chaotic structure using price data from the energy sector to resolve whether the sector's fundamentals or exogenous shocks drive these prices.
Recommended Citation
Malliaris, Anastasios G.; Kyrtsou, Catherine; and Serletis, Apostolos. Energy Sector Pricing: One the Role of Neglected Nonlinearity. Energy Economics, 31, 3: 492-502, 2009. Retrieved from Loyola eCommons, School of Business: Faculty Publications and Other Works, http://dx.doi.org/10.1016/j.eneco.2008.12.009
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Copyright Statement
© Elsevier B. V. 2009
Comments
Author Posting. © Elsevier B. V. 2009. This is the author's version of the work. It is posted here by permission of Energy Economics for personal use, not for redistribution. The definitive version was published in Energy Economics, vol. 31, no.3, 2009, http://www.sciencedirect.com/science/article/pii/S014098830800193X#!