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dc.contributor.authorGil Alana, Luis A. 
dc.contributor.authorMartín Valmayor, Miguel Ángel 
dc.contributor.authorWanke, Peter
dc.date.accessioned2020-10-27T11:19:39Z
dc.date.available2020-10-27T11:19:39Z
dc.date.issued2020
dc.identifier.issn2211-467Xspa
dc.identifier.urihttp://hdl.handle.net/10641/2038
dc.description.abstractSlow economic recovery, market concentration, and scant alternative energy sources make the Iberian energy market quite idiosyncratic when compared to the rest of the EU. This paper focusses on the Iberian energy market by dealing with the analysis of the relationship between energy consumption and energy prices by using fractional integration in the Iberian market. This technique is used in order to examine the degree of persistence of the series, looking at the spot and futures markets in Spain and Portugal. The results indicate that all the series are fractionally integrated, showing long memory and mean reverting behaviour. Moreover, a close relation between energy consumption and energy prices is found in the spot market whereas it is not found in the futures market. In fact, there is a weak relationship between the futures market and energy consumption. However, regarding energy pricing, the relationship is stronger but with the spot market itself.spa
dc.language.isoengspa
dc.publisherEnergy Strategy Reviewsspa
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subjectEnergy consumptionspa
dc.subjectEnergy pricesspa
dc.subjectLong memoryspa
dc.subjectFractional integrationspa
dc.subjectPersistencespa
dc.titleThe relationship between energy consumption and prices. Evidence from futures and spot markets in Spain and Portugal.spa
dc.typearticlespa
dc.description.versionpost-printspa
dc.rights.accessRightsopenAccessspa
dc.description.extent725 KBspa
dc.identifier.doi10.1016/j.esr.2020.100522spa
dc.relation.publisherversionhttps://www.sciencedirect.com/science/article/pii/S2211467X20300754spa


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Except where otherwise noted, this item's license is described as Atribución-NoComercial-SinDerivadas 3.0 España