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dc.contributor.authorSimpson, John
dc.contributor.authorAbraham, Santosh
dc.date.accessioned2017-01-30T10:56:23Z
dc.date.available2017-01-30T10:56:23Z
dc.date.created2013-02-12T20:00:23Z
dc.date.issued2012
dc.identifier.citationSimpson, John and Abraham, Santosh Mon. 2012. Financial convergence or decoupling in electricity and energy Markets? A dynamic study of OECD, Latin America and Asian countries. International Journal of Economics and Finance. 4 (12): pp. 1-14.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/6921
dc.identifier.doi10.5539/ijef.v4n12p1
dc.description.abstract

The motivation for this theoretical paper is to “shed further light” on electricity market liberalisation. The major influences on electricity prices in each country are local supply and demand conditions, which include costs of renewables and/or regulatory effects on pricing. This also includes effects of public or private monopoly pricing. However, many countries from a representative sample of groups of economies, show long-term equilibrium relationships in their electricity and energy stock market sectors. In these countries in the short-term, exogeneity lies with the energy sectors in the EMU, the UK, New Zealand, the Philippines, Hong Kong and Thailand. In the cases of the US and India the electricity markets are exogenous, which is probably due to the sheer size of those markets. Where there is evidence of cointegration the nexus between electricity and energy sectors remains and the strength of this relationship is indicative of greater progress in electricity market liberalisation. This is because their electricity prices are influenced to a significant degree by global fossil fuel supply costs. In those cases domestic factors such as cost of regulatory environments are less important.

dc.publisherCanadian Center of Science and Education
dc.subjectpricing
dc.subjectenergy sector
dc.subjectVAR
dc.subjectcausality
dc.subjectVECM
dc.subjectregulatory environment
dc.subjectelectricity
dc.subjectGranger
dc.subjectfossil fuels
dc.subjectcountry
dc.titleFinancial convergence or decoupling in electricity and energy Markets? a dynamic study of OECD, Latin America and Asian countries
dc.typeJournal Article
dcterms.source.volume4
dcterms.source.number12
dcterms.source.startPage1
dcterms.source.endPage14
dcterms.source.issn1916-971X
dcterms.source.titleInternational Journal of Economics and Finance
curtin.note

This article is published under the Open Access publishing model and distributed under the terms of the Creative Commons Attribution License http://creativecommons.org/licenses/by/3.0/ Please refer to the licence to obtain terms for any further reuse or distribution of this work.

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curtin.accessStatusOpen access


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