The convergence of electricity prices in Europe

The convergence of electricity prices in Europe
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欧洲电价趋同

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发表时间:
2007
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通讯作者:
Terry Robinson
Terry Robinson
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文献类型:
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作者:
Terry Robinson

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自1988年的单一欧洲法案以来,创建欧洲单一电力市场的雄心一直很明确。本文从电价趋同的角度考察了这一目标的实现程度。本文应用了两种常用的收敛检验:β收敛检验和协整检验,该检验使用了欧盟9个成员国1978年至2003年的年度电价数据。结果表明,在这段时间内,样本中的大多数国家确实发生了趋同。
The ambition to create a single European market for electricity has been explicit since the Single European Act of 1988. This article investigates the degree to which this goal has been achieved in terms of the convergence of electricity prices. Two commonly used tests of convergence are applied, β-convergence and a cointegration test using annual electricity price data for nine European Union member states from 1978 to 2003. The results suggest that convergence did occur for most of the countries in the sample over this period.