COINTEGRATION IN THE OIL MARKET AMONG REGIONAL BLENDS
The integration of crude oil spot prices, from different geographic regions is examined using the residual-based cointegration test of Gregory and Hansen (1996), which allows for endogenously determined structural breaks. While traditionally, the focus has been on three global benchmark crudes (WTI,...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2013-10-01
|
| Series: | International Journal of Energy Economics and Policy |
| Online Access: | http://econjournals.com/index.php/ijeep/article/view/592/345 |