The Effects of Climate and Oil Prices on Residential Natural Gas Prices: With an Application to 11 OECD Countries

被引：0

作者：

Tatli, Halim ^{[1
]}

Barak, Dogan ^{[1
]}

机构：

[1] Bingol Univ, Fac Econ & Adm Sci, Bingol, Turkey

来源：

ACTA MONTANISTICA SLOVACA | 2022年 / 27卷 / 03期

关键词：

climate; natural gas prices; growth; common correlated effects pooled; Emirmahmutoglu-Kose causality test; CRUDE-OIL; ENERGY DEMAND; CONSUMPTION; TEMPERATURE; MARKET; ELASTICITIES; FUNDAMENTALS; IMPACTS; WEATHER; SHOCKS;

D O I：

10.46544/AMS.v27i3.11

中图分类号：

P [天文学、地球科学];

学科分类号：

07 ;

摘要：

This study examines the effects of climate and oil prices on residential natural gas prices in selected 11 OECD countries by using panel data for the period 1992-2016. After applying the panel unit root tests, the parameters are estimated using Common Correlated Effects Pooled (CCEP) method. Moreover, Emirmahmutoglu-Kose (2011) test is used to test the panel causality between the variables. The results revealed that in the long run, the heating degree days have a statistically significant and negative effect on natural gas prices used in the residential sector in selected OECD countries, while there is an insignificant relationship between oil prices and natural gas prices used in the residential sector in these countries. It is also found to be a causality of heating degree days to natural gas prices.

引用

页码：710 / 722

页数：13

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