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- W3082942616 abstract "This study examines the integration between the United States (US) energy market prices (the WTI price of the oil market and the Henry Hub price of the natural gas market) and the Korean system for the marginal price of the power market. The threshold cointegration approach was used to reflect the asymmetric process in which the cointegration residuals were restored to equilibrium. The results showed that the WTI price and Henry Hub price in the US and the marginal price system in Korea exhibited a long-term equilibrium relationship, although the adjustment of the error was asymmetric. It was confirmed that the marginal price system in Korea is more sensitive to the changes in the WTI prices in the US." @default.
- W3082942616 created "2020-09-08" @default.
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- W3082942616 date "2020-08-01" @default.
- W3082942616 modified "2023-09-26" @default.
- W3082942616 title "Research on the Asymmetric Adjustment between the US Energy Market" @default.
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- W3082942616 doi "https://doi.org/10.32390/ksmer.2020.57.4.372" @default.
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