Halim Tatli, Doğan Barak
The Effects of Climate and Oil Prices on Residential Natural Gas Prices
Číslo: 3/2022
Periodikum: Acta Montanistica Slovaca
DOI: 10.46544/AMS.v27i3.11
Klíčová slova: climate, natural gas prices, growth, common correlated effects pooled, Emirmahmutoglu-Kose causality test.
Pro získání musíte mít účet v Citace PRO.
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.