@techreport{Neumann2003International,
abstract = {We examine the degree of natural gas market integration in Europe, North America and
Japan, between the mid 1990's and 2002. The relationship between the international gas
marker prices, and their relation to the oil price, are investigated through principal component
analysis and Johansen likelihood-based procedures. Both of them show a high level of
integration within the European/Japanese and North American markets; but they also show
that the European resp. Japanese and the North American markets were not integrated.},
address = {Berlin},
author = {Anne Neumann and Boriss Siliverstovs and Guillaume L'H\'{e}garet and Christian R. von Hirschhausen},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {L95; D43; C32; Q41; 330; Market Integration; gas markets; cointegration test; globalization; Erdgasmarkt; Erdgas; Preis; Marktintegration; Kointegration; Sch\"{a}tzung; EU-Staaten; Japan; Nordamerika},
language = {eng},
number = {393},
publisher = {Deutsches Institut f\"{u}r Wirtschaftsforschung (DIW)},
title = {International Market Integration for Natural Gas ?: A Cointegration Analysis of Gas Prices in Europe, North America and Japan},
type = {DIW-Diskussionspapiere},
url = {http://hdl.handle.net/10419/18155},
year = {2003}
}
