Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72752
Authors: 
Mercado, Alejandro F.
Aliaga, F. Javier
Year of Publication: 
2009
Series/Report no.: 
Documento de Trabajo, Instituto de Investigaciones Socio-Económicas 10/09
Abstract: 
The aim of this paper seeks to analyse how the energy price's cojuntural behaviour and structural conditions affect the short-run and mid-run overview of the energy integration process in South America (SA). For these porpoise we - first describe the world-wide energy agenda and the effect of current oil price swings and the corresponding natural gas adjustment - next we discuss about the regional stakeholders perspective of energy integration. We used two methodological approaches - first we calculate the oil prices according to their structural conditions or fundamental - second we detect the right ARIMA model with outliers and calendar effects for the West Texas Intermediate (WTI) oil price and the Henry Hub (HH) natural gas price. With this information we develop an analysis proposal based on their underlying growth rate and inertia.
Subjects: 
West Texas Intermediate
Henry Hub
Energy Integration
Conjuncture Analysis
Signal Extraction
Underlying Evolution
Underlying Growth
ARIMA Models
and Outliers
market fundamentals.
JEL: 
C22
C49
C53
L69
Document Type: 
Working Paper

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