IDEAS home Printed from https://ideas.repec.org/a/ove/journl/aid21234.html
   My bibliography  Save this article

Are European and U.S. natural gas futures markets integrated? Insights from network-connectedness and cross-herding analysis

Author

Listed:
  • Amine Ben Amar
  • Boutaina Lmasrar
  • Mondher Bouattour

Abstract

This paper investigates the connectedness as well as the cross-herding behavior among the U.S. and European natural gas futures markets. Daily data of U.S. and European natural gas futures prices for maturities ranging from 1 to 60 months were used. The connectedness analysis emphasizes a weak level of integration between these two geographically distinct natural gas futures markets, while revealing much more pronounced magnitude of connectedness among the different maturities within each of them. It also reveals a relatively higher and more stable level of integration within the European market. The cross-herding analyses show the absence of herding behavior between the two considered markets, reflecting that investors’ behavior in one market is not sensitive to conditions in the second market.

Suggested Citation

  • Amine Ben Amar & Boutaina Lmasrar & Mondher Bouattour, 2025. "Are European and U.S. natural gas futures markets integrated? Insights from network-connectedness and cross-herding analysis," Economics and Business Letters, Oviedo University Press, vol. 14(2), pages 106-116.
    • Handle: RePEc:ove:journl:aid:21234
    as

    Download full text from publisher

    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/21234
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ove:journl:aid:21234. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Francisco J. Delgado (email available below). General contact details of provider: https://edirc.repec.org/data/deovies.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.