The Impact of Shale Gas：Gas versus Oil Market
| Autor: | Ting-Hsiang Lin, 林鼎翔 |
|---|---|
| Rok vydání: | 2014 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 102 In this study, Johanson co-integration test and Granger causality analysis causality and long-term effects of U.S. crude oil, gasoline and natural gas between markets. With the integration models of the British and American obtained are crude oil and natural gas as a common factor in traction and has a long-term co-integration relationships. Under the integration of long-term, by the error correction term model to determine long-term effects of the four variables, and the impact of the effect of each other, can be found in the U.S. oil market remains a two-way causal relationship between the United States affect the way the British oil and gas market.Therefore plus Chow Test to further explore the relationship between the U.S. natural gas and crude oil in the United Kingdom, whether structural changes occur, studies have shown that structural changes occur, due to the access to data taken in 2014, while the shale gas production technique caused greatly increased sharply from about 2008 onwards, so that the United States can maintain its own natural gas has gradually uniqueness. This will be future energy exporter ─ the United States, the price of natural gas in the energy output of great change. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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