id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-327278-2n9eo1n8	Gil-Alana, Luis A.	The relationship between energy consumption and prices. Evidence from futures and spot markets in Spain and Portugal	2020-09-30		.txt	text/plain	6008	306	50	where y t refers to each of the observed time series (energy consumption and prices in the spot and future markets); β 0 and β 1 are unknown coefficients referring, respectively, to an intercept and a linear time trend, while x t is supposed to be I(d), where d can be any real value; finally, u t is I(0), expressed in terms of both uncorrelated and autocorrelated (Bloomfield) errors. These results suggest that the energy spot market in Portugal and Spain presents the price-elasticity of demand expected behaviour of micro-economics, where higher prices induces lower consumption and vice-versa, in a feedback process that is temporally persistent. Throughout this paper the stochastic properties of energy consumption and energy prices in Spain and Portugal have been examined by using fractional integration or I(d) techniques in the spot and futures markets.	./cache/cord-327278-2n9eo1n8.txt	./txt/cord-327278-2n9eo1n8.txt