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PETRO PRICE (2) answer(s).
 
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ID:   127283


Asymmetric and nonlinear pass-through of crude oil prices to ga / Atil, Ahmed; Lahiani, Amine; Nguyen, Duc Khuong   Journal Article
Nguyen, Duc Khuong Journal Article
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Publication 2014.
Summary/Abstract In this article, we use the recently developed nonlinear autoregressive distributed lags (NARDL) model to examine the pass-through of crude oil prices into gasoline and natural gas prices. Our approach allows us to simultaneously test the short- and long-run nonlinearities through positive and negative partial sum decompositions of the predetermined explanatory variables. It also offers the possibility to quantify the respective responses of gasoline and natural gas prices to positive and negative oil price shocks from the asymmetric dynamic multipliers. The obtained results indicate that oil prices affect gasoline prices and natural gas prices in an asymmetric and nonlinear manner, but the price transmission mechanism is not the same. Important policy implications can be learned from the empirical findings.
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2
ID:   127285


Methodology for quantitatively assessing the energy security of / Sharifuddin, Shahnaz   Journal Article
Sharifuddin, Shahnaz Journal Article
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Publication 2014.
Summary/Abstract This paper presents a methodology for quantitatively assessing energy security. The methodology is tailored to suit the limited data availability of Malaysia and other Southeast Asian countries. In this methodology, energy security is conceptualized as having 5 core aspects which sub-divide into 13 elements. A total of 35 indicators have been identified as measurements of these 13 elements. The methodology details the means by which the indicator results are converted into a common unit i.e. a normalization process into a 0-to-1 scale. Also detailed are the weights used in the weighted-average process by which normalized indicators are synthesized into composite scores representing the 13 elements, the 5 core aspects, and 1 overall energy security index.
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