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The convergence of electricity prices in Europe

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  • Terry Robinson
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    Abstract

    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.

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    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850500461597&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 14 (2007)
    Issue (Month): 7 ()
    Pages: 473-476

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    Handle: RePEc:taf:apeclt:v:14:y:2007:i:7:p:473-476

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    Web page: http://www.tandfonline.com/RAEL20

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    Web: http://www.tandfonline.com/pricing/journal/RAEL20

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    Cited by:
    1. Christos Emmanouilides & Panos Fousekis, 2009. "Non-Linear Catching-up and Long-Run Convergence in the Agricultural Productivity of US States," Economics Bulletin, AccessEcon, vol. 29(1), pages 182-189.
    2. Jaunky, Vishal Chandr, 2013. "Divergence in technical efficiency of electric utilities: Evidence from the SAPP," Energy Policy, Elsevier, vol. 62(C), pages 419-430.
    3. repec:ebl:ecbull:v:3:y:2007:i:65:p:1-12 is not listed on IDEAS

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