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How far we are from price convergence in the EU energy market? A two-step procedure for defining a composite index of electricity and natura gas prices

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the Italian Affiliate of the

in cooperation with

5

th

AIEE Energy Symposium

‐ energy perspec ves beyond COVID19 ‐

Conference Proceedings

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        the Italian Affiliate of the 

   

Published by: AIEE - The Italian Association of Energy Economists, Rome, Italy

5

th

AIEE Energy Symposium

Current and Future Challenges

to Energy Security

15-17 December 2020, Italy

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ACKNOWLEDGEMENTS

5

th

AIEE Energy Symposium on Current and Future Challenges to Energy

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Session 03 - The energy-economy nexus

Ernesto Cassetta, Consuelo R. Nava and Maria Grazia Zoia

HOW FAR WE ARE FROM PRICE CONVERGENCE IN THE EU ENERGY

MARKETS? A TWO-STEP PROCEDURE FOR DEFINING A COMPOSITE

INDEX OF ELECTRICITY AND NATURAL GAS PRICES

Overview Methods

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Session 03 - The energy-economy nexus Results

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Session 03 - The energy-economy nexus

Figure 1 - Map of the clusterisation

Figure 2 - Trend component of the PPP for each county given the

Hodrick-Prescott filter split by clusters.

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Session 03 - The energy-economy nexus Conclusions References

Economics of Energy & Environmental Policy 8

Seeking the single European electricity market : evidence from an empirical analysis

of wholesale market prices

Energy Economics 44

Review of Income and Wealth 51

Price convergence in

the enlarged internal market

Quarterly Report on European Electricity Markets with special focus

on the impact of the pandemic

Quarterly Report on European Gas Markets Market structure and foreign trade: Increasing returns,

imperfect competition, and the international economy

Applied

Economic Perspectives and Policy 21

Measuring the Real Size of the World

Economy

Journal of Econometrics 191

Applied Economics Letters 14

Energy Policy

132

Regulations in the Energy

Industry

Energy Economics

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