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.

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#!

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

Included in

Business Commons

Share

COinS