id sid tid token lemma pos cord-327278-2n9eo1n8 1 1 key key NN cord-327278-2n9eo1n8 1 2 : : : cord-327278-2n9eo1n8 2 1 cord-327278 cord-327278 NNP cord-327278-2n9eo1n8 2 2 - - HYPH cord-327278-2n9eo1n8 2 3 2n9eo1n8 2n9eo1n8 CD cord-327278-2n9eo1n8 2 4 authors author NNS cord-327278-2n9eo1n8 2 5 : : : cord-327278-2n9eo1n8 2 6 Gil Gil NNP cord-327278-2n9eo1n8 2 7 - - HYPH cord-327278-2n9eo1n8 2 8 Alana Alana NNP cord-327278-2n9eo1n8 2 9 , , , cord-327278-2n9eo1n8 2 10 Luis Luis NNP cord-327278-2n9eo1n8 2 11 A. A. NNP cord-327278-2n9eo1n8 2 12 ; ; : cord-327278-2n9eo1n8 2 13 Martin Martin NNP cord-327278-2n9eo1n8 2 14 - - HYPH cord-327278-2n9eo1n8 2 15 Valmayor Valmayor NNP cord-327278-2n9eo1n8 2 16 , , , cord-327278-2n9eo1n8 2 17 Miguel Miguel NNP cord-327278-2n9eo1n8 2 18 ; ; : cord-327278-2n9eo1n8 3 1 Wanke Wanke NNP cord-327278-2n9eo1n8 3 2 , , , cord-327278-2n9eo1n8 3 3 Peter Peter NNP cord-327278-2n9eo1n8 3 4 title title NN cord-327278-2n9eo1n8 3 5 : : : cord-327278-2n9eo1n8 4 1 The the DT cord-327278-2n9eo1n8 4 2 relationship relationship NN cord-327278-2n9eo1n8 4 3 between between IN cord-327278-2n9eo1n8 4 4 energy energy NN cord-327278-2n9eo1n8 4 5 consumption consumption NN cord-327278-2n9eo1n8 4 6 and and CC cord-327278-2n9eo1n8 4 7 prices price NNS cord-327278-2n9eo1n8 4 8 . . . cord-327278-2n9eo1n8 5 1 Evidence evidence NN cord-327278-2n9eo1n8 5 2 from from IN cord-327278-2n9eo1n8 5 3 futures future NNS cord-327278-2n9eo1n8 5 4 and and CC cord-327278-2n9eo1n8 5 5 spot spot NN cord-327278-2n9eo1n8 5 6 markets market NNS cord-327278-2n9eo1n8 5 7 in in IN cord-327278-2n9eo1n8 5 8 Spain Spain NNP cord-327278-2n9eo1n8 5 9 and and CC cord-327278-2n9eo1n8 5 10 Portugal Portugal NNP cord-327278-2n9eo1n8 5 11 date date NN cord-327278-2n9eo1n8 5 12 : : : cord-327278-2n9eo1n8 5 13 2020 2020 CD cord-327278-2n9eo1n8 5 14 - - HYPH cord-327278-2n9eo1n8 5 15 09 09 CD cord-327278-2n9eo1n8 5 16 - - SYM cord-327278-2n9eo1n8 5 17 30 30 CD cord-327278-2n9eo1n8 5 18 journal journal NN cord-327278-2n9eo1n8 5 19 : : : cord-327278-2n9eo1n8 6 1 Energy Energy NNP cord-327278-2n9eo1n8 6 2 Strategy Strategy NNP cord-327278-2n9eo1n8 6 3 Reviews Reviews NNP cord-327278-2n9eo1n8 6 4 DOI doi NN cord-327278-2n9eo1n8 6 5 : : : cord-327278-2n9eo1n8 6 6 10.1016/ 10.1016/ CD cord-327278-2n9eo1n8 7 1 j.esr.2020.100522 j.esr.2020.100522 NNP cord-327278-2n9eo1n8 7 2 sha sha NNP cord-327278-2n9eo1n8 7 3 : : : cord-327278-2n9eo1n8 8 1 09abbae3050439e2d8cad28d2425db212d551bc6 09abbae3050439e2d8cad28d2425db212d551bc6 DT cord-327278-2n9eo1n8 8 2 doc_id doc_id CD cord-327278-2n9eo1n8 8 3 : : : cord-327278-2n9eo1n8 9 1 327278 327278 CD cord-327278-2n9eo1n8 9 2 cord_uid cord_uid NNS cord-327278-2n9eo1n8 9 3 : : : cord-327278-2n9eo1n8 9 4 2n9eo1n8 2n9eo1n8 CD cord-327278-2n9eo1n8 10 1 Abstract Abstract NNP cord-327278-2n9eo1n8 10 2 Slow slow JJ cord-327278-2n9eo1n8 10 3 economic economic JJ cord-327278-2n9eo1n8 10 4 recovery recovery NN cord-327278-2n9eo1n8 10 5 , , , cord-327278-2n9eo1n8 10 6 market market NN cord-327278-2n9eo1n8 10 7 concentration concentration NN cord-327278-2n9eo1n8 10 8 , , , cord-327278-2n9eo1n8 10 9 and and CC cord-327278-2n9eo1n8 10 10 scant scant JJ cord-327278-2n9eo1n8 10 11 alternative alternative JJ cord-327278-2n9eo1n8 10 12 energy energy NN cord-327278-2n9eo1n8 10 13 sources source NNS cord-327278-2n9eo1n8 10 14 make make VBP cord-327278-2n9eo1n8 10 15 the the DT cord-327278-2n9eo1n8 10 16 Iberian iberian JJ cord-327278-2n9eo1n8 10 17 energy energy NN cord-327278-2n9eo1n8 10 18 market market NN cord-327278-2n9eo1n8 10 19 quite quite RB cord-327278-2n9eo1n8 10 20 idiosyncratic idiosyncratic JJ cord-327278-2n9eo1n8 10 21 when when WRB cord-327278-2n9eo1n8 10 22 compared compare VBN cord-327278-2n9eo1n8 10 23 to to IN cord-327278-2n9eo1n8 10 24 the the DT cord-327278-2n9eo1n8 10 25 rest rest NN cord-327278-2n9eo1n8 10 26 of of IN cord-327278-2n9eo1n8 10 27 the the DT cord-327278-2n9eo1n8 10 28 EU EU NNP cord-327278-2n9eo1n8 10 29 . . . cord-327278-2n9eo1n8 11 1 This this DT cord-327278-2n9eo1n8 11 2 paper paper NN cord-327278-2n9eo1n8 11 3 focusses focusse VBZ cord-327278-2n9eo1n8 11 4 on on IN cord-327278-2n9eo1n8 11 5 the the DT cord-327278-2n9eo1n8 11 6 Iberian iberian JJ cord-327278-2n9eo1n8 11 7 energy energy NN cord-327278-2n9eo1n8 11 8 market market NN cord-327278-2n9eo1n8 11 9 by by IN cord-327278-2n9eo1n8 11 10 dealing deal VBG cord-327278-2n9eo1n8 11 11 with with IN cord-327278-2n9eo1n8 11 12 the the DT cord-327278-2n9eo1n8 11 13 analysis analysis NN cord-327278-2n9eo1n8 11 14 of of IN cord-327278-2n9eo1n8 11 15 the the DT cord-327278-2n9eo1n8 11 16 relationship relationship NN cord-327278-2n9eo1n8 11 17 between between IN cord-327278-2n9eo1n8 11 18 energy energy NN cord-327278-2n9eo1n8 11 19 consumpiton consumpiton NNP cord-327278-2n9eo1n8 11 20 and and CC cord-327278-2n9eo1n8 11 21 energy energy NN cord-327278-2n9eo1n8 11 22 prices price NNS cord-327278-2n9eo1n8 11 23 by by IN cord-327278-2n9eo1n8 11 24 using use VBG cord-327278-2n9eo1n8 11 25 fractional fractional JJ cord-327278-2n9eo1n8 11 26 integration integration NN cord-327278-2n9eo1n8 11 27 in in IN cord-327278-2n9eo1n8 11 28 the the DT cord-327278-2n9eo1n8 11 29 Iberian iberian JJ cord-327278-2n9eo1n8 11 30 market market NN cord-327278-2n9eo1n8 11 31 . . . cord-327278-2n9eo1n8 12 1 This this DT cord-327278-2n9eo1n8 12 2 technique technique NN cord-327278-2n9eo1n8 12 3 is be VBZ cord-327278-2n9eo1n8 12 4 used use VBN cord-327278-2n9eo1n8 12 5 in in IN cord-327278-2n9eo1n8 12 6 order order NN cord-327278-2n9eo1n8 12 7 to to TO cord-327278-2n9eo1n8 12 8 examine examine VB cord-327278-2n9eo1n8 12 9 the the DT cord-327278-2n9eo1n8 12 10 degree degree NN cord-327278-2n9eo1n8 12 11 of of IN cord-327278-2n9eo1n8 12 12 persistence persistence NN cord-327278-2n9eo1n8 12 13 of of IN cord-327278-2n9eo1n8 12 14 the the DT cord-327278-2n9eo1n8 12 15 series series NN cord-327278-2n9eo1n8 12 16 , , , cord-327278-2n9eo1n8 12 17 looking look VBG cord-327278-2n9eo1n8 12 18 at at IN cord-327278-2n9eo1n8 12 19 the the DT cord-327278-2n9eo1n8 12 20 spot spot NN cord-327278-2n9eo1n8 12 21 and and CC cord-327278-2n9eo1n8 12 22 futures future NNS cord-327278-2n9eo1n8 12 23 markets market NNS cord-327278-2n9eo1n8 12 24 in in IN cord-327278-2n9eo1n8 12 25 Spain Spain NNP cord-327278-2n9eo1n8 12 26 and and CC cord-327278-2n9eo1n8 12 27 Portugal Portugal NNP cord-327278-2n9eo1n8 12 28 . . . cord-327278-2n9eo1n8 13 1 The the DT cord-327278-2n9eo1n8 13 2 results result NNS cord-327278-2n9eo1n8 13 3 indicate indicate VBP cord-327278-2n9eo1n8 13 4 that that IN cord-327278-2n9eo1n8 13 5 all all PDT cord-327278-2n9eo1n8 13 6 the the DT cord-327278-2n9eo1n8 13 7 series series NN cord-327278-2n9eo1n8 13 8 are be VBP cord-327278-2n9eo1n8 13 9 fractionally fractionally RB cord-327278-2n9eo1n8 13 10 integrated integrate VBN cord-327278-2n9eo1n8 13 11 , , , cord-327278-2n9eo1n8 13 12 showing show VBG cord-327278-2n9eo1n8 13 13 long long JJ cord-327278-2n9eo1n8 13 14 memory memory NN cord-327278-2n9eo1n8 13 15 and and CC cord-327278-2n9eo1n8 13 16 mean mean VB cord-327278-2n9eo1n8 13 17 reverting revert VBG cord-327278-2n9eo1n8 13 18 behaviour behaviour NN cord-327278-2n9eo1n8 13 19 . . . cord-327278-2n9eo1n8 14 1 Moreover moreover RB cord-327278-2n9eo1n8 14 2 , , , cord-327278-2n9eo1n8 14 3 a a DT cord-327278-2n9eo1n8 14 4 close close JJ cord-327278-2n9eo1n8 14 5 relation relation NN cord-327278-2n9eo1n8 14 6 between between IN cord-327278-2n9eo1n8 14 7 energy energy NN cord-327278-2n9eo1n8 14 8 consumption consumption NN cord-327278-2n9eo1n8 14 9 and and CC cord-327278-2n9eo1n8 14 10 energy energy NN cord-327278-2n9eo1n8 14 11 prices price NNS cord-327278-2n9eo1n8 14 12 is be VBZ cord-327278-2n9eo1n8 14 13 found find VBN cord-327278-2n9eo1n8 14 14 in in IN cord-327278-2n9eo1n8 14 15 the the DT cord-327278-2n9eo1n8 14 16 spot spot NN cord-327278-2n9eo1n8 14 17 market market NN cord-327278-2n9eo1n8 14 18 whereas whereas IN cord-327278-2n9eo1n8 14 19 it -PRON- PRP cord-327278-2n9eo1n8 14 20 is be VBZ cord-327278-2n9eo1n8 14 21 not not RB cord-327278-2n9eo1n8 14 22 found find VBN cord-327278-2n9eo1n8 14 23 in in IN cord-327278-2n9eo1n8 14 24 the the DT cord-327278-2n9eo1n8 14 25 futures future NNS cord-327278-2n9eo1n8 14 26 market market NN cord-327278-2n9eo1n8 14 27 . . . cord-327278-2n9eo1n8 15 1 In in IN cord-327278-2n9eo1n8 15 2 fact fact NN cord-327278-2n9eo1n8 15 3 , , , cord-327278-2n9eo1n8 15 4 there there EX cord-327278-2n9eo1n8 15 5 is be VBZ cord-327278-2n9eo1n8 15 6 a a DT cord-327278-2n9eo1n8 15 7 weak weak JJ cord-327278-2n9eo1n8 15 8 relationship relationship NN cord-327278-2n9eo1n8 15 9 between between IN cord-327278-2n9eo1n8 15 10 the the DT cord-327278-2n9eo1n8 15 11 futures future NNS cord-327278-2n9eo1n8 15 12 market market NN cord-327278-2n9eo1n8 15 13 and and CC cord-327278-2n9eo1n8 15 14 energy energy NN cord-327278-2n9eo1n8 15 15 consumption consumption NN cord-327278-2n9eo1n8 15 16 . . . cord-327278-2n9eo1n8 16 1 However however RB cord-327278-2n9eo1n8 16 2 , , , cord-327278-2n9eo1n8 16 3 regarding regard VBG cord-327278-2n9eo1n8 16 4 energy energy NN cord-327278-2n9eo1n8 16 5 pricing pricing NN cord-327278-2n9eo1n8 16 6 , , , cord-327278-2n9eo1n8 16 7 the the DT cord-327278-2n9eo1n8 16 8 relationship relationship NN cord-327278-2n9eo1n8 16 9 is be VBZ cord-327278-2n9eo1n8 16 10 stronger strong JJR cord-327278-2n9eo1n8 16 11 but but CC cord-327278-2n9eo1n8 16 12 with with IN cord-327278-2n9eo1n8 16 13 the the DT cord-327278-2n9eo1n8 16 14 spot spot NN cord-327278-2n9eo1n8 16 15 market market NN cord-327278-2n9eo1n8 16 16 itself -PRON- PRP cord-327278-2n9eo1n8 16 17 . . . cord-327278-2n9eo1n8 17 1 Energy energy NN cord-327278-2n9eo1n8 17 2 is be VBZ cord-327278-2n9eo1n8 17 3 the the DT cord-327278-2n9eo1n8 17 4 cornerstone cornerstone NN cord-327278-2n9eo1n8 17 5 of of IN cord-327278-2n9eo1n8 17 6 modern modern JJ cord-327278-2n9eo1n8 17 7 economies economy NNS cord-327278-2n9eo1n8 17 8 not not RB cord-327278-2n9eo1n8 17 9 only only RB cord-327278-2n9eo1n8 17 10 for for IN cord-327278-2n9eo1n8 17 11 the the DT cord-327278-2n9eo1n8 17 12 suppliers supplier NNS cord-327278-2n9eo1n8 17 13 of of IN cord-327278-2n9eo1n8 17 14 physical physical JJ cord-327278-2n9eo1n8 17 15 goods good NNS cord-327278-2n9eo1n8 17 16 and and CC cord-327278-2n9eo1n8 17 17 services service NNS cord-327278-2n9eo1n8 17 18 but but CC cord-327278-2n9eo1n8 17 19 also also RB cord-327278-2n9eo1n8 17 20 as as IN cord-327278-2n9eo1n8 17 21 a a DT cord-327278-2n9eo1n8 17 22 means means NN cord-327278-2n9eo1n8 17 23 of of IN cord-327278-2n9eo1n8 17 24 social social JJ cord-327278-2n9eo1n8 17 25 welfare welfare NN cord-327278-2n9eo1n8 17 26 and and CC cord-327278-2n9eo1n8 17 27 comfort comfort NN cord-327278-2n9eo1n8 17 28 for for IN cord-327278-2n9eo1n8 17 29 people people NNS cord-327278-2n9eo1n8 17 30 in in IN cord-327278-2n9eo1n8 17 31 general general JJ cord-327278-2n9eo1n8 17 32 . . . cord-327278-2n9eo1n8 18 1 Hence hence RB cord-327278-2n9eo1n8 18 2 , , , cord-327278-2n9eo1n8 18 3 it -PRON- PRP cord-327278-2n9eo1n8 18 4 is be VBZ cord-327278-2n9eo1n8 18 5 crucial crucial JJ cord-327278-2n9eo1n8 18 6 to to TO cord-327278-2n9eo1n8 18 7 know know VB cord-327278-2n9eo1n8 18 8 how how WRB cord-327278-2n9eo1n8 18 9 price price NN cord-327278-2n9eo1n8 18 10 changes change NNS cord-327278-2n9eo1n8 18 11 impact impact NN cord-327278-2n9eo1n8 18 12 on on IN cord-327278-2n9eo1n8 18 13 the the DT cord-327278-2n9eo1n8 18 14 energy energy NN cord-327278-2n9eo1n8 18 15 demand demand NN cord-327278-2n9eo1n8 18 16 of of IN cord-327278-2n9eo1n8 18 17 suppliers supplier NNS cord-327278-2n9eo1n8 18 18 and and CC cord-327278-2n9eo1n8 18 19 consumers consumer NNS cord-327278-2n9eo1n8 18 20 . . . cord-327278-2n9eo1n8 19 1 In in IN cord-327278-2n9eo1n8 19 2 the the DT cord-327278-2n9eo1n8 19 3 recent recent JJ cord-327278-2n9eo1n8 19 4 past past NN cord-327278-2n9eo1n8 19 5 , , , cord-327278-2n9eo1n8 19 6 energy energy NN cord-327278-2n9eo1n8 19 7 deregulation deregulation NN cord-327278-2n9eo1n8 19 8 and and CC cord-327278-2n9eo1n8 19 9 sharp sharp JJ cord-327278-2n9eo1n8 19 10 movements movement NNS cord-327278-2n9eo1n8 19 11 in in IN cord-327278-2n9eo1n8 19 12 the the DT cord-327278-2n9eo1n8 19 13 price price NN cord-327278-2n9eo1n8 19 14 of of IN cord-327278-2n9eo1n8 19 15 primary primary JJ cord-327278-2n9eo1n8 19 16 energy energy NN cord-327278-2n9eo1n8 19 17 goods good NNS cord-327278-2n9eo1n8 19 18 have have VBP cord-327278-2n9eo1n8 19 19 stimulated stimulate VBN cord-327278-2n9eo1n8 19 20 an an DT cord-327278-2n9eo1n8 19 21 increased increase VBN cord-327278-2n9eo1n8 19 22 interest interest NN cord-327278-2n9eo1n8 19 23 in in IN cord-327278-2n9eo1n8 19 24 this this DT cord-327278-2n9eo1n8 19 25 area area NN cord-327278-2n9eo1n8 19 26 . . . cord-327278-2n9eo1n8 20 1 Most Most JJS cord-327278-2n9eo1n8 20 2 econometric econometric JJ cord-327278-2n9eo1n8 20 3 studies study NNS cord-327278-2n9eo1n8 20 4 in in IN cord-327278-2n9eo1n8 20 5 this this DT cord-327278-2n9eo1n8 20 6 field field NN cord-327278-2n9eo1n8 20 7 are be VBP cord-327278-2n9eo1n8 20 8 focused focus VBN cord-327278-2n9eo1n8 20 9 on on IN cord-327278-2n9eo1n8 20 10 the the DT cord-327278-2n9eo1n8 20 11 price price NN cord-327278-2n9eo1n8 20 12 elasticities elasticity NNS cord-327278-2n9eo1n8 20 13 of of IN cord-327278-2n9eo1n8 20 14 energy energy NN cord-327278-2n9eo1n8 20 15 demand demand NN cord-327278-2n9eo1n8 20 16 with with IN cord-327278-2n9eo1n8 20 17 some some DT cord-327278-2n9eo1n8 20 18 other other JJ cord-327278-2n9eo1n8 20 19 macroeconomic macroeconomic JJ cord-327278-2n9eo1n8 20 20 factors factor NNS cord-327278-2n9eo1n8 20 21 [ [ -LRB- cord-327278-2n9eo1n8 20 22 1 1 CD cord-327278-2n9eo1n8 20 23 ] ] -RRB- cord-327278-2n9eo1n8 20 24 , , , cord-327278-2n9eo1n8 20 25 helping help VBG cord-327278-2n9eo1n8 20 26 us -PRON- PRP cord-327278-2n9eo1n8 20 27 to to TO cord-327278-2n9eo1n8 20 28 gain gain VB cord-327278-2n9eo1n8 20 29 a a DT cord-327278-2n9eo1n8 20 30 better well JJR cord-327278-2n9eo1n8 20 31 understanding understanding NN cord-327278-2n9eo1n8 20 32 of of IN cord-327278-2n9eo1n8 20 33 the the DT cord-327278-2n9eo1n8 20 34 economic economic JJ cord-327278-2n9eo1n8 20 35 consequences consequence NNS cord-327278-2n9eo1n8 20 36 of of IN cord-327278-2n9eo1n8 20 37 varying vary VBG cord-327278-2n9eo1n8 20 38 energy energy NN cord-327278-2n9eo1n8 20 39 prices price NNS cord-327278-2n9eo1n8 20 40 . . . cord-327278-2n9eo1n8 21 1 Although although IN cord-327278-2n9eo1n8 21 2 the the DT cord-327278-2n9eo1n8 21 3 economic economic JJ cord-327278-2n9eo1n8 21 4 literature literature NN cord-327278-2n9eo1n8 21 5 on on IN cord-327278-2n9eo1n8 21 6 energy energy NN cord-327278-2n9eo1n8 21 7 demand demand NN cord-327278-2n9eo1n8 21 8 dates date VBZ cord-327278-2n9eo1n8 21 9 back back RB cord-327278-2n9eo1n8 21 10 to to IN cord-327278-2n9eo1n8 21 11 the the DT cord-327278-2n9eo1n8 21 12 last last JJ cord-327278-2n9eo1n8 21 13 century century NN cord-327278-2n9eo1n8 21 14 [ [ -LRB- cord-327278-2n9eo1n8 21 15 2 2 CD cord-327278-2n9eo1n8 21 16 , , , cord-327278-2n9eo1n8 21 17 3 3 CD cord-327278-2n9eo1n8 21 18 ] ] -RRB- cord-327278-2n9eo1n8 21 19 , , , cord-327278-2n9eo1n8 21 20 in in IN cord-327278-2n9eo1n8 21 21 recent recent JJ cord-327278-2n9eo1n8 21 22 years year NNS cord-327278-2n9eo1n8 21 23 numerous numerous JJ cord-327278-2n9eo1n8 21 24 academic academic JJ cord-327278-2n9eo1n8 21 25 studies study NNS cord-327278-2n9eo1n8 21 26 have have VBP cord-327278-2n9eo1n8 21 27 used use VBN cord-327278-2n9eo1n8 21 28 various various JJ cord-327278-2n9eo1n8 21 29 techniques technique NNS cord-327278-2n9eo1n8 21 30 to to TO cord-327278-2n9eo1n8 21 31 estimate estimate VB cord-327278-2n9eo1n8 21 32 both both CC cord-327278-2n9eo1n8 21 33 the the DT cord-327278-2n9eo1n8 21 34 short short JJ cord-327278-2n9eo1n8 21 35 and and CC cord-327278-2n9eo1n8 21 36 the the DT cord-327278-2n9eo1n8 21 37 long long JJ cord-327278-2n9eo1n8 21 38 - - HYPH cord-327278-2n9eo1n8 21 39 term term NN cord-327278-2n9eo1n8 21 40 price price NN cord-327278-2n9eo1n8 21 41 elasticity elasticity NN cord-327278-2n9eo1n8 21 42 demand demand NN cord-327278-2n9eo1n8 21 43 of of IN cord-327278-2n9eo1n8 21 44 different different JJ cord-327278-2n9eo1n8 21 45 energy energy NN cord-327278-2n9eo1n8 21 46 products product NNS cord-327278-2n9eo1n8 21 47 in in IN cord-327278-2n9eo1n8 21 48 different different JJ cord-327278-2n9eo1n8 21 49 countries country NNS cord-327278-2n9eo1n8 21 50 . . . cord-327278-2n9eo1n8 22 1 This this DT cord-327278-2n9eo1n8 22 2 paper paper NN cord-327278-2n9eo1n8 22 3 , , , cord-327278-2n9eo1n8 22 4 however however RB cord-327278-2n9eo1n8 22 5 , , , cord-327278-2n9eo1n8 22 6 departs depart VBZ cord-327278-2n9eo1n8 22 7 from from IN cord-327278-2n9eo1n8 22 8 that that DT cord-327278-2n9eo1n8 22 9 literature literature NN cord-327278-2n9eo1n8 22 10 in in IN cord-327278-2n9eo1n8 22 11 the the DT cord-327278-2n9eo1n8 22 12 sense sense NN cord-327278-2n9eo1n8 22 13 that that IN cord-327278-2n9eo1n8 22 14 we -PRON- PRP cord-327278-2n9eo1n8 22 15 first first RB cord-327278-2n9eo1n8 22 16 examine examine VBP cord-327278-2n9eo1n8 22 17 the the DT cord-327278-2n9eo1n8 22 18 degree degree NN cord-327278-2n9eo1n8 22 19 of of IN cord-327278-2n9eo1n8 22 20 persistence persistence NN cord-327278-2n9eo1n8 22 21 in in IN cord-327278-2n9eo1n8 22 22 both both DT cord-327278-2n9eo1n8 22 23 energy energy NN cord-327278-2n9eo1n8 22 24 consumption consumption NN cord-327278-2n9eo1n8 22 25 and and CC cord-327278-2n9eo1n8 22 26 energy energy NN cord-327278-2n9eo1n8 22 27 prices price NNS cord-327278-2n9eo1n8 22 28 using use VBG cord-327278-2n9eo1n8 22 29 updated update VBN cord-327278-2n9eo1n8 22 30 time time NN cord-327278-2n9eo1n8 22 31 series series NN cord-327278-2n9eo1n8 22 32 techniques technique NNS cord-327278-2n9eo1n8 22 33 based base VBN cord-327278-2n9eo1n8 22 34 on on IN cord-327278-2n9eo1n8 22 35 fractional fractional JJ cord-327278-2n9eo1n8 22 36 integration integration NN cord-327278-2n9eo1n8 22 37 . . . cord-327278-2n9eo1n8 23 1 In in IN cord-327278-2n9eo1n8 23 2 addition addition NN cord-327278-2n9eo1n8 23 3 , , , cord-327278-2n9eo1n8 23 4 the the DT cord-327278-2n9eo1n8 23 5 relationship relationship NN cord-327278-2n9eo1n8 23 6 between between IN cord-327278-2n9eo1n8 23 7 these these DT cord-327278-2n9eo1n8 23 8 two two CD cord-327278-2n9eo1n8 23 9 variables variable NNS cord-327278-2n9eo1n8 23 10 has have VBZ cord-327278-2n9eo1n8 23 11 been be VBN cord-327278-2n9eo1n8 23 12 investigated investigate VBN cord-327278-2n9eo1n8 23 13 in in IN cord-327278-2n9eo1n8 23 14 the the DT cord-327278-2n9eo1n8 23 15 spot spot NN cord-327278-2n9eo1n8 23 16 and and CC cord-327278-2n9eo1n8 23 17 futures future NNS cord-327278-2n9eo1n8 23 18 markets market NNS cord-327278-2n9eo1n8 23 19 in in IN cord-327278-2n9eo1n8 23 20 the the DT cord-327278-2n9eo1n8 23 21 case case NN cord-327278-2n9eo1n8 23 22 of of IN cord-327278-2n9eo1n8 23 23 Spain Spain NNP cord-327278-2n9eo1n8 23 24 and and CC cord-327278-2n9eo1n8 23 25 Portugal Portugal NNP cord-327278-2n9eo1n8 23 26 . . . cord-327278-2n9eo1n8 24 1 The the DT cord-327278-2n9eo1n8 24 2 Iberian iberian JJ cord-327278-2n9eo1n8 24 3 business business NN cord-327278-2n9eo1n8 24 4 case case NN cord-327278-2n9eo1n8 24 5 has have VBZ cord-327278-2n9eo1n8 24 6 presented present VBN cord-327278-2n9eo1n8 24 7 a a DT cord-327278-2n9eo1n8 24 8 number number NN cord-327278-2n9eo1n8 24 9 of of IN cord-327278-2n9eo1n8 24 10 regulatory regulatory JJ cord-327278-2n9eo1n8 24 11 specificities specificity NNS cord-327278-2n9eo1n8 24 12 and and CC cord-327278-2n9eo1n8 24 13 competition competition NN cord-327278-2n9eo1n8 24 14 constraints constraint NNS cord-327278-2n9eo1n8 24 15 when when WRB cord-327278-2n9eo1n8 24 16 compared compare VBN cord-327278-2n9eo1n8 24 17 to to IN cord-327278-2n9eo1n8 24 18 other other JJ cord-327278-2n9eo1n8 24 19 European european JJ cord-327278-2n9eo1n8 24 20 energy energy NN cord-327278-2n9eo1n8 24 21 markets market NNS cord-327278-2n9eo1n8 24 22 . . . cord-327278-2n9eo1n8 25 1 The the DT cord-327278-2n9eo1n8 25 2 main main JJ cord-327278-2n9eo1n8 25 3 issues issue NNS cord-327278-2n9eo1n8 25 4 to to TO cord-327278-2n9eo1n8 25 5 resolve resolve VB cord-327278-2n9eo1n8 25 6 today today NN cord-327278-2n9eo1n8 25 7 in in IN cord-327278-2n9eo1n8 25 8 the the DT cord-327278-2n9eo1n8 25 9 Spanish spanish JJ cord-327278-2n9eo1n8 25 10 market market NN cord-327278-2n9eo1n8 25 11 are be VBP cord-327278-2n9eo1n8 25 12 the the DT cord-327278-2n9eo1n8 25 13 scant scant JJ cord-327278-2n9eo1n8 25 14 competition competition NN cord-327278-2n9eo1n8 25 15 , , , cord-327278-2n9eo1n8 25 16 the the DT cord-327278-2n9eo1n8 25 17 tariff tariff NN cord-327278-2n9eo1n8 25 18 deficit deficit NN cord-327278-2n9eo1n8 25 19 , , , cord-327278-2n9eo1n8 25 20 faulty faulty JJ cord-327278-2n9eo1n8 25 21 tariff tariff NN cord-327278-2n9eo1n8 25 22 design design NN cord-327278-2n9eo1n8 25 23 , , , cord-327278-2n9eo1n8 25 24 a a DT cord-327278-2n9eo1n8 25 25 raft raft NN cord-327278-2n9eo1n8 25 26 of of IN cord-327278-2n9eo1n8 25 27 uncertainties uncertainty NNS cord-327278-2n9eo1n8 25 28 , , , cord-327278-2n9eo1n8 25 29 potential potential JJ cord-327278-2n9eo1n8 25 30 market market NN cord-327278-2n9eo1n8 25 31 integration integration NN cord-327278-2n9eo1n8 25 32 and and CC cord-327278-2n9eo1n8 25 33 the the DT cord-327278-2n9eo1n8 25 34 introduction introduction NN cord-327278-2n9eo1n8 25 35 of of IN cord-327278-2n9eo1n8 25 36 new new JJ cord-327278-2n9eo1n8 25 37 technologies technology NNS cord-327278-2n9eo1n8 25 38 [ [ -LRB- cord-327278-2n9eo1n8 25 39 4 4 CD cord-327278-2n9eo1n8 25 40 ] ] -RRB- cord-327278-2n9eo1n8 25 41 . . . cord-327278-2n9eo1n8 26 1 In in IN cord-327278-2n9eo1n8 26 2 the the DT cord-327278-2n9eo1n8 26 3 Portuguese portuguese JJ cord-327278-2n9eo1n8 26 4 market market NN cord-327278-2n9eo1n8 26 5 , , , cord-327278-2n9eo1n8 26 6 Amorim Amorim NNP cord-327278-2n9eo1n8 26 7 et et NNP cord-327278-2n9eo1n8 26 8 al al NNP cord-327278-2n9eo1n8 26 9 . . . cord-327278-2n9eo1n8 27 1 [ [ -LRB- cord-327278-2n9eo1n8 27 2 5 5 LS cord-327278-2n9eo1n8 27 3 ] ] -RRB- cord-327278-2n9eo1n8 27 4 indicate indicate VBP cord-327278-2n9eo1n8 27 5 that that IN cord-327278-2n9eo1n8 27 6 the the DT cord-327278-2n9eo1n8 27 7 two two CD cord-327278-2n9eo1n8 27 8 main main JJ cord-327278-2n9eo1n8 27 9 issues issue NNS cord-327278-2n9eo1n8 27 10 to to TO cord-327278-2n9eo1n8 27 11 address address VB cord-327278-2n9eo1n8 27 12 are be VBP cord-327278-2n9eo1n8 27 13 that that DT cord-327278-2n9eo1n8 27 14 of of IN cord-327278-2n9eo1n8 27 15 setting set VBG cord-327278-2n9eo1n8 27 16 up up RP cord-327278-2n9eo1n8 27 17 balancing balance VBG cord-327278-2n9eo1n8 27 18 mechanisms mechanism NNS cord-327278-2n9eo1n8 27 19 to to TO cord-327278-2n9eo1n8 27 20 implement implement VB cord-327278-2n9eo1n8 27 21 renewable renewable JJ cord-327278-2n9eo1n8 27 22 energy energy NN cord-327278-2n9eo1n8 27 23 sources source NNS cord-327278-2n9eo1n8 27 24 and and CC cord-327278-2n9eo1n8 27 25 capacity capacity NN cord-327278-2n9eo1n8 27 26 incentives incentive NNS cord-327278-2n9eo1n8 27 27 to to TO cord-327278-2n9eo1n8 27 28 allow allow VB cord-327278-2n9eo1n8 27 29 new new JJ cord-327278-2n9eo1n8 27 30 investments investment NNS cord-327278-2n9eo1n8 27 31 . . . cord-327278-2n9eo1n8 28 1 These these DT cord-327278-2n9eo1n8 28 2 operational operational JJ cord-327278-2n9eo1n8 28 3 and and CC cord-327278-2n9eo1n8 28 4 financial financial JJ cord-327278-2n9eo1n8 28 5 constraints constraint NNS cord-327278-2n9eo1n8 28 6 may may MD cord-327278-2n9eo1n8 28 7 be be VB cord-327278-2n9eo1n8 28 8 responsible responsible JJ cord-327278-2n9eo1n8 28 9 for for IN cord-327278-2n9eo1n8 28 10 excessive excessive JJ cord-327278-2n9eo1n8 28 11 volatility volatility NN cord-327278-2n9eo1n8 28 12 in in IN cord-327278-2n9eo1n8 28 13 pricing pricing NN cord-327278-2n9eo1n8 28 14 and and CC cord-327278-2n9eo1n8 28 15 energy energy NN cord-327278-2n9eo1n8 28 16 consumption consumption NN cord-327278-2n9eo1n8 28 17 in in IN cord-327278-2n9eo1n8 28 18 the the DT cord-327278-2n9eo1n8 28 19 Iberian iberian JJ cord-327278-2n9eo1n8 28 20 region region NN cord-327278-2n9eo1n8 28 21 . . . cord-327278-2n9eo1n8 29 1 Ciarreta Ciarreta NNP cord-327278-2n9eo1n8 29 2 and and CC cord-327278-2n9eo1n8 29 3 Zarraga Zarraga NNP cord-327278-2n9eo1n8 29 4 [ [ -LRB- cord-327278-2n9eo1n8 29 5 6 6 CD cord-327278-2n9eo1n8 29 6 ] ] -RRB- cord-327278-2n9eo1n8 29 7 found find VBN cord-327278-2n9eo1n8 29 8 also also RB cord-327278-2n9eo1n8 29 9 relevant relevant JJ cord-327278-2n9eo1n8 29 10 intra intra JJ cord-327278-2n9eo1n8 29 11 - - JJ cord-327278-2n9eo1n8 29 12 day day JJ cord-327278-2n9eo1n8 29 13 price price NN cord-327278-2n9eo1n8 29 14 and and CC cord-327278-2n9eo1n8 29 15 transmission transmission NN cord-327278-2n9eo1n8 29 16 volatility volatility NN cord-327278-2n9eo1n8 29 17 in in IN cord-327278-2n9eo1n8 29 18 the the DT cord-327278-2n9eo1n8 29 19 Iberian iberian JJ cord-327278-2n9eo1n8 29 20 market market NN cord-327278-2n9eo1n8 29 21 , , , cord-327278-2n9eo1n8 29 22 arguing argue VBG cord-327278-2n9eo1n8 29 23 how how WRB cord-327278-2n9eo1n8 29 24 results result NNS cord-327278-2n9eo1n8 29 25 are be VBP cord-327278-2n9eo1n8 29 26 driven drive VBN cord-327278-2n9eo1n8 29 27 by by IN cord-327278-2n9eo1n8 29 28 market market NN cord-327278-2n9eo1n8 29 29 structure structure NN cord-327278-2n9eo1n8 29 30 , , , cord-327278-2n9eo1n8 29 31 market market NN cord-327278-2n9eo1n8 29 32 design design NN cord-327278-2n9eo1n8 29 33 and and CC cord-327278-2n9eo1n8 29 34 the the DT cord-327278-2n9eo1n8 29 35 regulation regulation NN cord-327278-2n9eo1n8 29 36 of of IN cord-327278-2n9eo1n8 29 37 renewable renewable JJ cord-327278-2n9eo1n8 29 38 generation generation NN cord-327278-2n9eo1n8 29 39 . . . cord-327278-2n9eo1n8 30 1 Regarding regard VBG cord-327278-2n9eo1n8 30 2 the the DT cord-327278-2n9eo1n8 30 3 futures future NNS cord-327278-2n9eo1n8 30 4 market market NN cord-327278-2n9eo1n8 30 5 , , , cord-327278-2n9eo1n8 30 6 Capit Capit NNP cord-327278-2n9eo1n8 30 7 � � VBZ cord-327278-2n9eo1n8 30 8 an an DT cord-327278-2n9eo1n8 30 9 - - HYPH cord-327278-2n9eo1n8 30 10 Herraiz Herraiz NNP cord-327278-2n9eo1n8 30 11 and and CC cord-327278-2n9eo1n8 30 12 Rodriguez Rodriguez NNP cord-327278-2n9eo1n8 30 13 - - HYPH cord-327278-2n9eo1n8 30 14 Monroy Monroy NNP cord-327278-2n9eo1n8 30 15 [ [ -LRB- cord-327278-2n9eo1n8 30 16 7 7 CD cord-327278-2n9eo1n8 30 17 ] ] -RRB- cord-327278-2n9eo1n8 30 18 documented document VBD cord-327278-2n9eo1n8 30 19 its -PRON- PRP$ cord-327278-2n9eo1n8 30 20 lack lack NN cord-327278-2n9eo1n8 30 21 of of IN cord-327278-2n9eo1n8 30 22 liquidity liquidity NN cord-327278-2n9eo1n8 30 23 in in IN cord-327278-2n9eo1n8 30 24 comparison comparison NN cord-327278-2n9eo1n8 30 25 with with IN cord-327278-2n9eo1n8 30 26 other other JJ cord-327278-2n9eo1n8 30 27 North north JJ cord-327278-2n9eo1n8 30 28 European european JJ cord-327278-2n9eo1n8 30 29 markets market NNS cord-327278-2n9eo1n8 30 30 . . . cord-327278-2n9eo1n8 31 1 Notwithstanding notwithstanding IN cord-327278-2n9eo1n8 31 2 , , , cord-327278-2n9eo1n8 31 3 the the DT cord-327278-2n9eo1n8 31 4 slow slow JJ cord-327278-2n9eo1n8 31 5 economic economic JJ cord-327278-2n9eo1n8 31 6 recovery recovery NN cord-327278-2n9eo1n8 31 7 experienced experience VBN cord-327278-2n9eo1n8 31 8 by by IN cord-327278-2n9eo1n8 31 9 the the DT cord-327278-2n9eo1n8 31 10 Iberian Iberian NNP cord-327278-2n9eo1n8 31 11 Peninsula Peninsula NNP cord-327278-2n9eo1n8 31 12 following follow VBG cord-327278-2n9eo1n8 31 13 the the DT cord-327278-2n9eo1n8 31 14 global global JJ cord-327278-2n9eo1n8 31 15 financial financial JJ cord-327278-2n9eo1n8 31 16 crisis crisis NN cord-327278-2n9eo1n8 31 17 of of IN cord-327278-2n9eo1n8 31 18 2008 2008 CD cord-327278-2n9eo1n8 31 19 has have VBZ cord-327278-2n9eo1n8 31 20 also also RB cord-327278-2n9eo1n8 31 21 contributed contribute VBN cord-327278-2n9eo1n8 31 22 to to IN cord-327278-2n9eo1n8 31 23 lack lack NN cord-327278-2n9eo1n8 31 24 of of IN cord-327278-2n9eo1n8 31 25 investment investment NN cord-327278-2n9eo1n8 31 26 in in IN cord-327278-2n9eo1n8 31 27 renewable renewable JJ cord-327278-2n9eo1n8 31 28 sources source NNS cord-327278-2n9eo1n8 31 29 . . . cord-327278-2n9eo1n8 32 1 This this DT cord-327278-2n9eo1n8 32 2 earlier early JJR cord-327278-2n9eo1n8 32 3 crisis crisis NN cord-327278-2n9eo1n8 32 4 has have VBZ cord-327278-2n9eo1n8 32 5 resulted result VBN cord-327278-2n9eo1n8 32 6 in in IN cord-327278-2n9eo1n8 32 7 the the DT cord-327278-2n9eo1n8 32 8 absence absence NN cord-327278-2n9eo1n8 32 9 of of IN cord-327278-2n9eo1n8 32 10 new new JJ cord-327278-2n9eo1n8 32 11 players player NNS cord-327278-2n9eo1n8 32 12 , , , cord-327278-2n9eo1n8 32 13 which which WDT cord-327278-2n9eo1n8 32 14 prefer prefer VBP cord-327278-2n9eo1n8 32 15 to to TO cord-327278-2n9eo1n8 32 16 innovate innovate VB cord-327278-2n9eo1n8 32 17 in in IN cord-327278-2n9eo1n8 32 18 bigger big JJR cord-327278-2n9eo1n8 32 19 and and CC cord-327278-2n9eo1n8 32 20 integrated integrated JJ cord-327278-2n9eo1n8 32 21 markets market NNS cord-327278-2n9eo1n8 32 22 , , , cord-327278-2n9eo1n8 32 23 where where WRB cord-327278-2n9eo1n8 32 24 future future JJ cord-327278-2n9eo1n8 32 25 options option NNS cord-327278-2n9eo1n8 32 26 and and CC cord-327278-2n9eo1n8 32 27 spot spot NN cord-327278-2n9eo1n8 32 28 market market NN cord-327278-2n9eo1n8 32 29 trades trade NNS cord-327278-2n9eo1n8 32 30 can can MD cord-327278-2n9eo1n8 32 31 be be VB cord-327278-2n9eo1n8 32 32 transacted transact VBN cord-327278-2n9eo1n8 32 33 more more RBR cord-327278-2n9eo1n8 32 34 easily easily RB cord-327278-2n9eo1n8 32 35 , , , cord-327278-2n9eo1n8 32 36 due due IN cord-327278-2n9eo1n8 32 37 to to IN cord-327278-2n9eo1n8 32 38 higher high JJR cord-327278-2n9eo1n8 32 39 liquidity liquidity NN cord-327278-2n9eo1n8 32 40 . . . cord-327278-2n9eo1n8 33 1 This this DT cord-327278-2n9eo1n8 33 2 being be VBG cord-327278-2n9eo1n8 33 3 the the DT cord-327278-2n9eo1n8 33 4 case case NN cord-327278-2n9eo1n8 33 5 , , , cord-327278-2n9eo1n8 33 6 the the DT cord-327278-2n9eo1n8 33 7 energy energy NN cord-327278-2n9eo1n8 33 8 market market NN cord-327278-2n9eo1n8 33 9 integration integration NN cord-327278-2n9eo1n8 33 10 in in IN cord-327278-2n9eo1n8 33 11 the the DT cord-327278-2n9eo1n8 33 12 Iberian Iberian NNP cord-327278-2n9eo1n8 33 13 Peninsula Peninsula NNP cord-327278-2n9eo1n8 33 14 , , , cord-327278-2n9eo1n8 33 15 which which WDT cord-327278-2n9eo1n8 33 16 is be VBZ cord-327278-2n9eo1n8 33 17 expected expect VBN cord-327278-2n9eo1n8 33 18 to to TO cord-327278-2n9eo1n8 33 19 take take VB cord-327278-2n9eo1n8 33 20 place place NN cord-327278-2n9eo1n8 33 21 from from IN cord-327278-2n9eo1n8 33 22 2020 2020 CD cord-327278-2n9eo1n8 33 23 on on IN cord-327278-2n9eo1n8 33 24 , , , cord-327278-2n9eo1n8 33 25 calls call VBZ cord-327278-2n9eo1n8 33 26 for for IN cord-327278-2n9eo1n8 33 27 more more JJR cord-327278-2n9eo1n8 33 28 investigation investigation NN cord-327278-2n9eo1n8 33 29 on on IN cord-327278-2n9eo1n8 33 30 each each DT cord-327278-2n9eo1n8 33 31 country country NN cord-327278-2n9eo1n8 33 32 level level NN cord-327278-2n9eo1n8 33 33 current current JJ cord-327278-2n9eo1n8 33 34 status status NN cord-327278-2n9eo1n8 33 35 . . . cord-327278-2n9eo1n8 34 1 Although although IN cord-327278-2n9eo1n8 34 2 volatility volatility NN cord-327278-2n9eo1n8 34 3 in in IN cord-327278-2n9eo1n8 34 4 energy energy NN cord-327278-2n9eo1n8 34 5 prices price NNS cord-327278-2n9eo1n8 34 6 and and CC cord-327278-2n9eo1n8 34 7 consumption consumption NN cord-327278-2n9eo1n8 34 8 in in IN cord-327278-2n9eo1n8 34 9 spot spot NN cord-327278-2n9eo1n8 34 10 and and CC cord-327278-2n9eo1n8 34 11 future future JJ cord-327278-2n9eo1n8 34 12 markets market NNS cord-327278-2n9eo1n8 34 13 might may MD cord-327278-2n9eo1n8 34 14 be be VB cord-327278-2n9eo1n8 34 15 mitigated mitigate VBN cord-327278-2n9eo1n8 34 16 due due IN cord-327278-2n9eo1n8 34 17 to to IN cord-327278-2n9eo1n8 34 18 variance variance NN cord-327278-2n9eo1n8 34 19 pooling pooling NN cord-327278-2n9eo1n8 34 20 effects effect NNS cord-327278-2n9eo1n8 34 21 ; ; : cord-327278-2n9eo1n8 34 22 future future JJ cord-327278-2n9eo1n8 34 23 investment investment NN cord-327278-2n9eo1n8 34 24 prospects prospect NNS cord-327278-2n9eo1n8 34 25 could could MD cord-327278-2n9eo1n8 34 26 be be VB cord-327278-2n9eo1n8 34 27 affected affect VBN cord-327278-2n9eo1n8 34 28 by by IN cord-327278-2n9eo1n8 34 29 country country NN cord-327278-2n9eo1n8 34 30 - - HYPH cord-327278-2n9eo1n8 34 31 level level NN cord-327278-2n9eo1n8 34 32 market market NN cord-327278-2n9eo1n8 34 33 idiosyncratic idiosyncratic JJ cord-327278-2n9eo1n8 34 34 conditions condition NNS cord-327278-2n9eo1n8 34 35 . . . cord-327278-2n9eo1n8 35 1 The the DT cord-327278-2n9eo1n8 35 2 current current JJ cord-327278-2n9eo1n8 35 3 COVID-19 COVID-19 NNP cord-327278-2n9eo1n8 35 4 crisis crisis NN cord-327278-2n9eo1n8 35 5 might may MD cord-327278-2n9eo1n8 35 6 highlight highlight VB cord-327278-2n9eo1n8 35 7 these these DT cord-327278-2n9eo1n8 35 8 weaknesses weakness NNS cord-327278-2n9eo1n8 35 9 in in IN cord-327278-2n9eo1n8 35 10 the the DT cord-327278-2n9eo1n8 35 11 short short JJ cord-327278-2n9eo1n8 35 12 future future NN cord-327278-2n9eo1n8 35 13 as as IN cord-327278-2n9eo1n8 35 14 has have VBZ cord-327278-2n9eo1n8 35 15 happened happen VBN cord-327278-2n9eo1n8 35 16 in in IN cord-327278-2n9eo1n8 35 17 the the DT cord-327278-2n9eo1n8 35 18 past past NN cord-327278-2n9eo1n8 35 19 . . . cord-327278-2n9eo1n8 36 1 In in IN cord-327278-2n9eo1n8 36 2 summary summary NN cord-327278-2n9eo1n8 36 3 , , , cord-327278-2n9eo1n8 36 4 this this DT cord-327278-2n9eo1n8 36 5 paper paper NN cord-327278-2n9eo1n8 36 6 departs depart VBZ cord-327278-2n9eo1n8 36 7 from from IN cord-327278-2n9eo1n8 36 8 that that DT cord-327278-2n9eo1n8 36 9 literature literature NN cord-327278-2n9eo1n8 36 10 in in IN cord-327278-2n9eo1n8 36 11 the the DT cord-327278-2n9eo1n8 36 12 sense sense NN cord-327278-2n9eo1n8 36 13 that that IN cord-327278-2n9eo1n8 36 14 it -PRON- PRP cord-327278-2n9eo1n8 36 15 examines examine VBZ cord-327278-2n9eo1n8 36 16 the the DT cord-327278-2n9eo1n8 36 17 degree degree NN cord-327278-2n9eo1n8 36 18 of of IN cord-327278-2n9eo1n8 36 19 permanence permanence NN cord-327278-2n9eo1n8 36 20 in in IN cord-327278-2n9eo1n8 36 21 both both DT cord-327278-2n9eo1n8 36 22 energy energy NN cord-327278-2n9eo1n8 36 23 consumption consumption NN cord-327278-2n9eo1n8 36 24 and and CC cord-327278-2n9eo1n8 36 25 energy energy NN cord-327278-2n9eo1n8 36 26 prices price NNS cord-327278-2n9eo1n8 36 27 using use VBG cord-327278-2n9eo1n8 36 28 updated update VBN cord-327278-2n9eo1n8 36 29 time time NN cord-327278-2n9eo1n8 36 30 series series NN cord-327278-2n9eo1n8 36 31 techniques technique NNS cord-327278-2n9eo1n8 36 32 based base VBN cord-327278-2n9eo1n8 36 33 on on IN cord-327278-2n9eo1n8 36 34 fractional fractional JJ cord-327278-2n9eo1n8 36 35 integration integration NN cord-327278-2n9eo1n8 36 36 . . . cord-327278-2n9eo1n8 37 1 In in IN cord-327278-2n9eo1n8 37 2 addition addition NN cord-327278-2n9eo1n8 37 3 , , , cord-327278-2n9eo1n8 37 4 the the DT cord-327278-2n9eo1n8 37 5 relationship relationship NN cord-327278-2n9eo1n8 37 6 between between IN cord-327278-2n9eo1n8 37 7 the the DT cord-327278-2n9eo1n8 37 8 two two CD cord-327278-2n9eo1n8 37 9 variables variable NNS cord-327278-2n9eo1n8 37 10 is be VBZ cord-327278-2n9eo1n8 37 11 investigated investigate VBN cord-327278-2n9eo1n8 37 12 in in IN cord-327278-2n9eo1n8 37 13 the the DT cord-327278-2n9eo1n8 37 14 spot spot NN cord-327278-2n9eo1n8 37 15 and and CC cord-327278-2n9eo1n8 37 16 futures future NNS cord-327278-2n9eo1n8 37 17 markets market NNS cord-327278-2n9eo1n8 37 18 in in IN cord-327278-2n9eo1n8 37 19 the the DT cord-327278-2n9eo1n8 37 20 case case NN cord-327278-2n9eo1n8 37 21 of of IN cord-327278-2n9eo1n8 37 22 Spain Spain NNP cord-327278-2n9eo1n8 37 23 and and CC cord-327278-2n9eo1n8 37 24 Portugal Portugal NNP cord-327278-2n9eo1n8 37 25 . . . cord-327278-2n9eo1n8 38 1 The the DT cord-327278-2n9eo1n8 38 2 rest rest NN cord-327278-2n9eo1n8 38 3 of of IN cord-327278-2n9eo1n8 38 4 the the DT cord-327278-2n9eo1n8 38 5 paper paper NN cord-327278-2n9eo1n8 38 6 is be VBZ cord-327278-2n9eo1n8 38 7 structured structure VBN cord-327278-2n9eo1n8 38 8 in in IN cord-327278-2n9eo1n8 38 9 seven seven CD cord-327278-2n9eo1n8 38 10 sections section NNS cord-327278-2n9eo1n8 38 11 . . . cord-327278-2n9eo1n8 39 1 The the DT cord-327278-2n9eo1n8 39 2 literature literature NN cord-327278-2n9eo1n8 39 3 review review NN cord-327278-2n9eo1n8 39 4 is be VBZ cord-327278-2n9eo1n8 39 5 presented present VBN cord-327278-2n9eo1n8 39 6 in in IN cord-327278-2n9eo1n8 39 7 Section section NN cord-327278-2n9eo1n8 39 8 2 2 CD cord-327278-2n9eo1n8 39 9 , , , cord-327278-2n9eo1n8 39 10 while while IN cord-327278-2n9eo1n8 39 11 Section section NN cord-327278-2n9eo1n8 39 12 3 3 CD cord-327278-2n9eo1n8 39 13 focuses focus VBZ cord-327278-2n9eo1n8 39 14 on on IN cord-327278-2n9eo1n8 39 15 the the DT cord-327278-2n9eo1n8 39 16 Iberian iberian JJ cord-327278-2n9eo1n8 39 17 case case NN cord-327278-2n9eo1n8 39 18 . . . cord-327278-2n9eo1n8 40 1 The the DT cord-327278-2n9eo1n8 40 2 major major JJ cord-327278-2n9eo1n8 40 3 methodological methodological JJ cord-327278-2n9eo1n8 40 4 steps step NNS cord-327278-2n9eo1n8 40 5 adopted adopt VBN cord-327278-2n9eo1n8 40 6 in in IN cord-327278-2n9eo1n8 40 7 this this DT cord-327278-2n9eo1n8 40 8 research research NN cord-327278-2n9eo1n8 40 9 are be VBP cord-327278-2n9eo1n8 40 10 presented present VBN cord-327278-2n9eo1n8 40 11 in in IN cord-327278-2n9eo1n8 40 12 Section section NN cord-327278-2n9eo1n8 40 13 4 4 CD cord-327278-2n9eo1n8 40 14 . . . cord-327278-2n9eo1n8 41 1 Data datum NNS cord-327278-2n9eo1n8 41 2 descriptive descriptive JJ cord-327278-2n9eo1n8 41 3 and and CC cord-327278-2n9eo1n8 41 4 sources source NNS cord-327278-2n9eo1n8 41 5 are be VBP cord-327278-2n9eo1n8 41 6 detailed detail VBN cord-327278-2n9eo1n8 41 7 in in IN cord-327278-2n9eo1n8 41 8 Section section NN cord-327278-2n9eo1n8 41 9 5 5 CD cord-327278-2n9eo1n8 41 10 . . . cord-327278-2n9eo1n8 42 1 Results result NNS cord-327278-2n9eo1n8 42 2 are be VBP cord-327278-2n9eo1n8 42 3 analyzed analyze VBN cord-327278-2n9eo1n8 42 4 in in IN cord-327278-2n9eo1n8 42 5 Section section NN cord-327278-2n9eo1n8 42 6 6 6 CD cord-327278-2n9eo1n8 42 7 and and CC cord-327278-2n9eo1n8 42 8 discussed discuss VBN cord-327278-2n9eo1n8 42 9 in in IN cord-327278-2n9eo1n8 42 10 Section section NN cord-327278-2n9eo1n8 42 11 7 7 CD cord-327278-2n9eo1n8 42 12 . . . cord-327278-2n9eo1n8 43 1 Conclusions conclusion NNS cord-327278-2n9eo1n8 43 2 follow follow VBP cord-327278-2n9eo1n8 43 3 in in IN cord-327278-2n9eo1n8 43 4 Section section NN cord-327278-2n9eo1n8 43 5 8 8 CD cord-327278-2n9eo1n8 43 6 . . . cord-327278-2n9eo1n8 44 1 The the DT cord-327278-2n9eo1n8 44 2 literature literature NN cord-327278-2n9eo1n8 44 3 relating relate VBG cord-327278-2n9eo1n8 44 4 to to IN cord-327278-2n9eo1n8 44 5 energy energy NN cord-327278-2n9eo1n8 44 6 models model NNS cord-327278-2n9eo1n8 44 7 for for IN cord-327278-2n9eo1n8 44 8 demand demand NN cord-327278-2n9eo1n8 44 9 forecasting forecasting NN cord-327278-2n9eo1n8 44 10 and and CC cord-327278-2n9eo1n8 44 11 management management NN cord-327278-2n9eo1n8 44 12 in in IN cord-327278-2n9eo1n8 44 13 the the DT cord-327278-2n9eo1n8 44 14 last last JJ cord-327278-2n9eo1n8 44 15 century century NN cord-327278-2n9eo1n8 44 16 is be VBZ cord-327278-2n9eo1n8 44 17 extensive extensive JJ cord-327278-2n9eo1n8 44 18 , , , cord-327278-2n9eo1n8 44 19 especially especially RB cord-327278-2n9eo1n8 44 20 after after IN cord-327278-2n9eo1n8 44 21 the the DT cord-327278-2n9eo1n8 44 22 oil oil NN cord-327278-2n9eo1n8 44 23 crisis crisis NN cord-327278-2n9eo1n8 44 24 during during IN cord-327278-2n9eo1n8 44 25 the the DT cord-327278-2n9eo1n8 44 26 1970s 1970 NNS cord-327278-2n9eo1n8 44 27 . . . cord-327278-2n9eo1n8 45 1 After after IN cord-327278-2n9eo1n8 45 2 the the DT cord-327278-2n9eo1n8 45 3 1990s 1990 NNS cord-327278-2n9eo1n8 45 4 , , , cord-327278-2n9eo1n8 45 5 as as IN cord-327278-2n9eo1n8 45 6 a a DT cord-327278-2n9eo1n8 45 7 result result NN cord-327278-2n9eo1n8 45 8 of of IN cord-327278-2n9eo1n8 45 9 the the DT cord-327278-2n9eo1n8 45 10 Kyoto Kyoto NNP cord-327278-2n9eo1n8 45 11 Protocol Protocol NNP cord-327278-2n9eo1n8 45 12 , , , cord-327278-2n9eo1n8 45 13 environmental environmental JJ cord-327278-2n9eo1n8 45 14 problems problem NNS cord-327278-2n9eo1n8 45 15 were be VBD cord-327278-2n9eo1n8 45 16 included include VBN cord-327278-2n9eo1n8 45 17 in in IN cord-327278-2n9eo1n8 45 18 the the DT cord-327278-2n9eo1n8 45 19 equation equation NN cord-327278-2n9eo1n8 45 20 and and CC cord-327278-2n9eo1n8 45 21 the the DT cord-327278-2n9eo1n8 45 22 relationship relationship NN cord-327278-2n9eo1n8 45 23 between between IN cord-327278-2n9eo1n8 45 24 social social JJ cord-327278-2n9eo1n8 45 25 factors factor NNS cord-327278-2n9eo1n8 45 26 , , , cord-327278-2n9eo1n8 45 27 natural natural JJ cord-327278-2n9eo1n8 45 28 resources resource NNS cord-327278-2n9eo1n8 45 29 consumption consumption NN cord-327278-2n9eo1n8 45 30 and and CC cord-327278-2n9eo1n8 45 31 dioxide dioxide NN cord-327278-2n9eo1n8 45 32 emissions emission NNS cord-327278-2n9eo1n8 45 33 were be VBD cord-327278-2n9eo1n8 45 34 also also RB cord-327278-2n9eo1n8 45 35 studied study VBN cord-327278-2n9eo1n8 45 36 . . . cord-327278-2n9eo1n8 46 1 A a DT cord-327278-2n9eo1n8 46 2 very very RB cord-327278-2n9eo1n8 46 3 popular popular JJ cord-327278-2n9eo1n8 46 4 contribution contribution NN cord-327278-2n9eo1n8 46 5 towards towards IN cord-327278-2n9eo1n8 46 6 gaining gain VBG cord-327278-2n9eo1n8 46 7 an an DT cord-327278-2n9eo1n8 46 8 understanding understanding NN cord-327278-2n9eo1n8 46 9 of of IN cord-327278-2n9eo1n8 46 10 the the DT cord-327278-2n9eo1n8 46 11 different different JJ cord-327278-2n9eo1n8 46 12 energy energy NN cord-327278-2n9eo1n8 46 13 models model NNS cord-327278-2n9eo1n8 46 14 is be VBZ cord-327278-2n9eo1n8 46 15 the the DT cord-327278-2n9eo1n8 46 16 that that DT cord-327278-2n9eo1n8 46 17 of of IN cord-327278-2n9eo1n8 46 18 Jebaraj Jebaraj NNP cord-327278-2n9eo1n8 46 19 and and CC cord-327278-2n9eo1n8 46 20 Iniyan Iniyan NNP cord-327278-2n9eo1n8 46 21 [ [ -LRB- cord-327278-2n9eo1n8 46 22 8 8 CD cord-327278-2n9eo1n8 46 23 ] ] -RRB- cord-327278-2n9eo1n8 46 24 in in IN cord-327278-2n9eo1n8 46 25 which which WDT cord-327278-2n9eo1n8 46 26 different different JJ cord-327278-2n9eo1n8 46 27 types type NNS cord-327278-2n9eo1n8 46 28 of of IN cord-327278-2n9eo1n8 46 29 models model NNS cord-327278-2n9eo1n8 46 30 such such JJ cord-327278-2n9eo1n8 46 31 as as IN cord-327278-2n9eo1n8 46 32 energy energy NN cord-327278-2n9eo1n8 46 33 planning planning NN cord-327278-2n9eo1n8 46 34 , , , cord-327278-2n9eo1n8 46 35 supply supply NN cord-327278-2n9eo1n8 46 36 - - HYPH cord-327278-2n9eo1n8 46 37 demand demand NN cord-327278-2n9eo1n8 46 38 structure structure NN cord-327278-2n9eo1n8 46 39 or or CC cord-327278-2n9eo1n8 46 40 forecasting forecasting NN cord-327278-2n9eo1n8 46 41 models model NNS cord-327278-2n9eo1n8 46 42 where where WRB cord-327278-2n9eo1n8 46 43 reviewed review VBN cord-327278-2n9eo1n8 46 44 and and CC cord-327278-2n9eo1n8 46 45 presented present VBN cord-327278-2n9eo1n8 46 46 , , , cord-327278-2n9eo1n8 46 47 as as RB cord-327278-2n9eo1n8 46 48 well well RB cord-327278-2n9eo1n8 46 49 as as IN cord-327278-2n9eo1n8 46 50 renewable renewable JJ cord-327278-2n9eo1n8 46 51 and and CC cord-327278-2n9eo1n8 46 52 emission emission NN cord-327278-2n9eo1n8 46 53 reduction reduction NN cord-327278-2n9eo1n8 46 54 policies policy NNS cord-327278-2n9eo1n8 46 55 . . . cord-327278-2n9eo1n8 47 1 A a DT cord-327278-2n9eo1n8 47 2 recent recent JJ cord-327278-2n9eo1n8 47 3 review review NN cord-327278-2n9eo1n8 47 4 of of IN cord-327278-2n9eo1n8 47 5 the the DT cord-327278-2n9eo1n8 47 6 different different JJ cord-327278-2n9eo1n8 47 7 models model NNS cord-327278-2n9eo1n8 47 8 for for IN cord-327278-2n9eo1n8 47 9 energy energy NN cord-327278-2n9eo1n8 47 10 demand demand NN cord-327278-2n9eo1n8 47 11 forecasting forecasting NN cord-327278-2n9eo1n8 47 12 can can MD cord-327278-2n9eo1n8 47 13 be be VB cord-327278-2n9eo1n8 47 14 found find VBN cord-327278-2n9eo1n8 47 15 in in IN cord-327278-2n9eo1n8 47 16 Suganthi Suganthi NNP cord-327278-2n9eo1n8 47 17 and and CC cord-327278-2n9eo1n8 47 18 Samuel Samuel NNP cord-327278-2n9eo1n8 47 19 [ [ -LRB- cord-327278-2n9eo1n8 47 20 1 1 CD cord-327278-2n9eo1n8 47 21 ] ] -RRB- cord-327278-2n9eo1n8 47 22 . . . cord-327278-2n9eo1n8 48 1 During during IN cord-327278-2n9eo1n8 48 2 the the DT cord-327278-2n9eo1n8 48 3 first first JJ cord-327278-2n9eo1n8 48 4 decade decade NN cord-327278-2n9eo1n8 48 5 of of IN cord-327278-2n9eo1n8 48 6 the the DT cord-327278-2n9eo1n8 48 7 21st 21st JJ cord-327278-2n9eo1n8 48 8 century century NN cord-327278-2n9eo1n8 48 9 several several JJ cord-327278-2n9eo1n8 48 10 new new JJ cord-327278-2n9eo1n8 48 11 techniques technique NNS cord-327278-2n9eo1n8 48 12 were be VBD cord-327278-2n9eo1n8 48 13 introduced introduce VBN cord-327278-2n9eo1n8 48 14 to to TO cord-327278-2n9eo1n8 48 15 accurately accurately RB cord-327278-2n9eo1n8 48 16 predict predict VB cord-327278-2n9eo1n8 48 17 future future JJ cord-327278-2n9eo1n8 48 18 energy energy NN cord-327278-2n9eo1n8 48 19 needs need NNS cord-327278-2n9eo1n8 48 20 . . . cord-327278-2n9eo1n8 49 1 Traditional traditional JJ cord-327278-2n9eo1n8 49 2 methods method NNS cord-327278-2n9eo1n8 49 3 such such JJ cord-327278-2n9eo1n8 49 4 as as IN cord-327278-2n9eo1n8 49 5 time time NN cord-327278-2n9eo1n8 49 6 series series NN cord-327278-2n9eo1n8 49 7 regressions regression NNS cord-327278-2n9eo1n8 49 8 as as RB cord-327278-2n9eo1n8 49 9 well well RB cord-327278-2n9eo1n8 49 10 as as IN cord-327278-2n9eo1n8 49 11 other other JJ cord-327278-2n9eo1n8 49 12 computing computing NN cord-327278-2n9eo1n8 49 13 techniques technique NNS cord-327278-2n9eo1n8 49 14 such such JJ cord-327278-2n9eo1n8 49 15 as as IN cord-327278-2n9eo1n8 49 16 fuzzy fuzzy JJ cord-327278-2n9eo1n8 49 17 logic logic NN cord-327278-2n9eo1n8 49 18 , , , cord-327278-2n9eo1n8 49 19 genetic genetic JJ cord-327278-2n9eo1n8 49 20 algorithms algorithm NNS cord-327278-2n9eo1n8 49 21 and and CC cord-327278-2n9eo1n8 49 22 neural neural JJ cord-327278-2n9eo1n8 49 23 networks network NNS cord-327278-2n9eo1n8 49 24 are be VBP cord-327278-2n9eo1n8 49 25 being be VBG cord-327278-2n9eo1n8 49 26 extensively extensively RB cord-327278-2n9eo1n8 49 27 used use VBN cord-327278-2n9eo1n8 49 28 to to TO cord-327278-2n9eo1n8 49 29 study study VB cord-327278-2n9eo1n8 49 30 the the DT cord-327278-2n9eo1n8 49 31 demand demand NN cord-327278-2n9eo1n8 49 32 side side NN cord-327278-2n9eo1n8 49 33 management management NN cord-327278-2n9eo1n8 49 34 . . . cord-327278-2n9eo1n8 50 1 Regarding regard VBG cord-327278-2n9eo1n8 50 2 the the DT cord-327278-2n9eo1n8 50 3 drivers driver NNS cord-327278-2n9eo1n8 50 4 that that WDT cord-327278-2n9eo1n8 50 5 can can MD cord-327278-2n9eo1n8 50 6 affect affect VB cord-327278-2n9eo1n8 50 7 energy energy NN cord-327278-2n9eo1n8 50 8 demand demand NN cord-327278-2n9eo1n8 50 9 , , , cord-327278-2n9eo1n8 50 10 York York NNP cord-327278-2n9eo1n8 50 11 [ [ -LRB- cord-327278-2n9eo1n8 50 12 9 9 CD cord-327278-2n9eo1n8 50 13 ] ] -RRB- cord-327278-2n9eo1n8 50 14 analyzed analyze VBD cord-327278-2n9eo1n8 50 15 the the DT cord-327278-2n9eo1n8 50 16 relationship relationship NN cord-327278-2n9eo1n8 50 17 between between IN cord-327278-2n9eo1n8 50 18 demographic demographic JJ cord-327278-2n9eo1n8 50 19 trends trend NNS cord-327278-2n9eo1n8 50 20 and and CC cord-327278-2n9eo1n8 50 21 energy energy NN cord-327278-2n9eo1n8 50 22 consumption consumption NN cord-327278-2n9eo1n8 50 23 for for IN cord-327278-2n9eo1n8 50 24 the the DT cord-327278-2n9eo1n8 50 25 period period NN cord-327278-2n9eo1n8 50 26 1960 1960 CD cord-327278-2n9eo1n8 50 27 - - SYM cord-327278-2n9eo1n8 50 28 2000 2000 CD cord-327278-2n9eo1n8 50 29 in in IN cord-327278-2n9eo1n8 50 30 fourteen fourteen CD cord-327278-2n9eo1n8 50 31 EU EU NNP cord-327278-2n9eo1n8 50 32 countries country NNS cord-327278-2n9eo1n8 50 33 , , , cord-327278-2n9eo1n8 50 34 concluding conclude VBG cord-327278-2n9eo1n8 50 35 that that IN cord-327278-2n9eo1n8 50 36 the the DT cord-327278-2n9eo1n8 50 37 relationship relationship NN cord-327278-2n9eo1n8 50 38 between between IN cord-327278-2n9eo1n8 50 39 population population NN cord-327278-2n9eo1n8 50 40 size size NN cord-327278-2n9eo1n8 50 41 and and CC cord-327278-2n9eo1n8 50 42 energy energy NN cord-327278-2n9eo1n8 50 43 consumption consumption NN cord-327278-2n9eo1n8 50 44 was be VBD cord-327278-2n9eo1n8 50 45 highly highly RB cord-327278-2n9eo1n8 50 46 elastic elastic JJ cord-327278-2n9eo1n8 50 47 and and CC cord-327278-2n9eo1n8 50 48 close close JJ cord-327278-2n9eo1n8 50 49 to to IN cord-327278-2n9eo1n8 50 50 one one CD cord-327278-2n9eo1n8 50 51 . . . cord-327278-2n9eo1n8 51 1 The the DT cord-327278-2n9eo1n8 51 2 age age NN cord-327278-2n9eo1n8 51 3 structure structure NN cord-327278-2n9eo1n8 51 4 of of IN cord-327278-2n9eo1n8 51 5 the the DT cord-327278-2n9eo1n8 51 6 population population NN cord-327278-2n9eo1n8 51 7 and and CC cord-327278-2n9eo1n8 51 8 its -PRON- PRP$ cord-327278-2n9eo1n8 51 9 level level NN cord-327278-2n9eo1n8 51 10 of of IN cord-327278-2n9eo1n8 51 11 urbanization urbanization NN cord-327278-2n9eo1n8 51 12 appear appear VBP cord-327278-2n9eo1n8 51 13 to to TO cord-327278-2n9eo1n8 51 14 play play VB cord-327278-2n9eo1n8 51 15 important important JJ cord-327278-2n9eo1n8 51 16 roles role NNS cord-327278-2n9eo1n8 51 17 in in IN cord-327278-2n9eo1n8 51 18 terms term NNS cord-327278-2n9eo1n8 51 19 of of IN cord-327278-2n9eo1n8 51 20 energy energy NN cord-327278-2n9eo1n8 51 21 consumption consumption NN cord-327278-2n9eo1n8 51 22 . . . cord-327278-2n9eo1n8 52 1 Other other JJ cord-327278-2n9eo1n8 52 2 studies study NNS cord-327278-2n9eo1n8 52 3 suggest suggest VBP cord-327278-2n9eo1n8 52 4 that that IN cord-327278-2n9eo1n8 52 5 price price NN cord-327278-2n9eo1n8 52 6 or or CC cord-327278-2n9eo1n8 52 7 economic economic JJ cord-327278-2n9eo1n8 52 8 activity activity NN cord-327278-2n9eo1n8 52 9 also also RB cord-327278-2n9eo1n8 52 10 have have VBP cord-327278-2n9eo1n8 52 11 an an DT cord-327278-2n9eo1n8 52 12 important important JJ cord-327278-2n9eo1n8 52 13 relationship relationship NN cord-327278-2n9eo1n8 52 14 with with IN cord-327278-2n9eo1n8 52 15 energy energy NN cord-327278-2n9eo1n8 52 16 demand demand NN cord-327278-2n9eo1n8 52 17 . . . cord-327278-2n9eo1n8 53 1 Sharimakin Sharimakin NNP cord-327278-2n9eo1n8 53 2 et et FW cord-327278-2n9eo1n8 53 3 al al NNP cord-327278-2n9eo1n8 53 4 . . . cord-327278-2n9eo1n8 54 1 [ [ -LRB- cord-327278-2n9eo1n8 54 2 10 10 CD cord-327278-2n9eo1n8 54 3 ] ] -RRB- cord-327278-2n9eo1n8 54 4 studied study VBD cord-327278-2n9eo1n8 54 5 different different JJ cord-327278-2n9eo1n8 54 6 European european JJ cord-327278-2n9eo1n8 54 7 industries industry NNS cord-327278-2n9eo1n8 54 8 in in IN cord-327278-2n9eo1n8 54 9 the the DT cord-327278-2n9eo1n8 54 10 period period NN cord-327278-2n9eo1n8 54 11 1995 1995 CD cord-327278-2n9eo1n8 54 12 - - SYM cord-327278-2n9eo1n8 54 13 2009 2009 CD cord-327278-2n9eo1n8 54 14 and and CC cord-327278-2n9eo1n8 54 15 concluded conclude VBD cord-327278-2n9eo1n8 54 16 that that IN cord-327278-2n9eo1n8 54 17 long long RB cord-327278-2n9eo1n8 54 18 - - HYPH cord-327278-2n9eo1n8 54 19 run run NN cord-327278-2n9eo1n8 54 20 elasticity elasticity NN cord-327278-2n9eo1n8 54 21 with with IN cord-327278-2n9eo1n8 54 22 respect respect NN cord-327278-2n9eo1n8 54 23 to to IN cord-327278-2n9eo1n8 54 24 price price NN cord-327278-2n9eo1n8 54 25 is be VBZ cord-327278-2n9eo1n8 54 26 negative negative JJ cord-327278-2n9eo1n8 54 27 ( ( -LRB- cord-327278-2n9eo1n8 54 28 À à NN cord-327278-2n9eo1n8 54 29 0.68 0.68 CD cord-327278-2n9eo1n8 54 30 ) ) -RRB- cord-327278-2n9eo1n8 54 31 , , , cord-327278-2n9eo1n8 54 32 while while IN cord-327278-2n9eo1n8 54 33 long long RB cord-327278-2n9eo1n8 54 34 - - HYPH cord-327278-2n9eo1n8 54 35 run run NN cord-327278-2n9eo1n8 54 36 elasticity elasticity NN cord-327278-2n9eo1n8 54 37 with with IN cord-327278-2n9eo1n8 54 38 respect respect NN cord-327278-2n9eo1n8 54 39 to to IN cord-327278-2n9eo1n8 54 40 economic economic JJ cord-327278-2n9eo1n8 54 41 activity activity NN cord-327278-2n9eo1n8 54 42 is be VBZ cord-327278-2n9eo1n8 54 43 positive positive JJ cord-327278-2n9eo1n8 54 44 ( ( -LRB- cord-327278-2n9eo1n8 54 45 0.81 0.81 CD cord-327278-2n9eo1n8 54 46 ) ) -RRB- cord-327278-2n9eo1n8 54 47 . . . cord-327278-2n9eo1n8 55 1 Adeyemi Adeyemi NNP cord-327278-2n9eo1n8 55 2 et et NNP cord-327278-2n9eo1n8 55 3 al al NNP cord-327278-2n9eo1n8 55 4 . . . cord-327278-2n9eo1n8 56 1 [ [ -LRB- cord-327278-2n9eo1n8 56 2 11 11 CD cord-327278-2n9eo1n8 56 3 ] ] -RRB- cord-327278-2n9eo1n8 56 4 studied study VBD cord-327278-2n9eo1n8 56 5 the the DT cord-327278-2n9eo1n8 56 6 asymmetric asymmetric JJ cord-327278-2n9eo1n8 56 7 price price NN cord-327278-2n9eo1n8 56 8 responses response NNS cord-327278-2n9eo1n8 56 9 and and CC cord-327278-2n9eo1n8 56 10 the the DT cord-327278-2n9eo1n8 56 11 underlying underlie VBG cord-327278-2n9eo1n8 56 12 energy energy NN cord-327278-2n9eo1n8 56 13 demand demand NN cord-327278-2n9eo1n8 56 14 trends trend NNS cord-327278-2n9eo1n8 56 15 , , , cord-327278-2n9eo1n8 56 16 concluding conclude VBG cord-327278-2n9eo1n8 56 17 that that IN cord-327278-2n9eo1n8 56 18 changes change NNS cord-327278-2n9eo1n8 56 19 in in IN cord-327278-2n9eo1n8 56 20 energy energy NN cord-327278-2n9eo1n8 56 21 prices price NNS cord-327278-2n9eo1n8 56 22 might may MD cord-327278-2n9eo1n8 56 23 induce induce VB cord-327278-2n9eo1n8 56 24 asymmetric asymmetric JJ cord-327278-2n9eo1n8 56 25 changes change NNS cord-327278-2n9eo1n8 56 26 in in IN cord-327278-2n9eo1n8 56 27 the the DT cord-327278-2n9eo1n8 56 28 derived derive VBN cord-327278-2n9eo1n8 56 29 demand demand NN cord-327278-2n9eo1n8 56 30 for for IN cord-327278-2n9eo1n8 56 31 energy energy NN cord-327278-2n9eo1n8 56 32 . . . cord-327278-2n9eo1n8 57 1 This this DT cord-327278-2n9eo1n8 57 2 process process NN cord-327278-2n9eo1n8 57 3 should should MD cord-327278-2n9eo1n8 57 4 depend depend VB cord-327278-2n9eo1n8 57 5 upon upon IN cord-327278-2n9eo1n8 57 6 whether whether IN cord-327278-2n9eo1n8 57 7 the the DT cord-327278-2n9eo1n8 57 8 price price NN cord-327278-2n9eo1n8 57 9 falls fall VBZ cord-327278-2n9eo1n8 57 10 , , , cord-327278-2n9eo1n8 57 11 rises rise VBZ cord-327278-2n9eo1n8 57 12 , , , cord-327278-2n9eo1n8 57 13 or or CC cord-327278-2n9eo1n8 57 14 rises rise VBZ cord-327278-2n9eo1n8 57 15 above above IN cord-327278-2n9eo1n8 57 16 a a DT cord-327278-2n9eo1n8 57 17 previous previous JJ cord-327278-2n9eo1n8 57 18 maximum maximum NN cord-327278-2n9eo1n8 57 19 , , , cord-327278-2n9eo1n8 57 20 but but CC cord-327278-2n9eo1n8 57 21 the the DT cord-327278-2n9eo1n8 57 22 derived derive VBN cord-327278-2n9eo1n8 57 23 demand demand NN cord-327278-2n9eo1n8 57 24 for for IN cord-327278-2n9eo1n8 57 25 energy energy NN cord-327278-2n9eo1n8 57 26 might may MD cord-327278-2n9eo1n8 57 27 be be VB cord-327278-2n9eo1n8 57 28 driven drive VBN cord-327278-2n9eo1n8 57 29 by by IN cord-327278-2n9eo1n8 57 30 exogenous exogenous JJ cord-327278-2n9eo1n8 57 31 factors factor NNS cord-327278-2n9eo1n8 57 32 such such JJ cord-327278-2n9eo1n8 57 33 as as IN cord-327278-2n9eo1n8 57 34 improvements improvement NNS cord-327278-2n9eo1n8 57 35 in in IN cord-327278-2n9eo1n8 57 36 the the DT cord-327278-2n9eo1n8 57 37 efficiency efficiency NN cord-327278-2n9eo1n8 57 38 of of IN cord-327278-2n9eo1n8 57 39 the the DT cord-327278-2n9eo1n8 57 40 capital capital NN cord-327278-2n9eo1n8 57 41 or or CC cord-327278-2n9eo1n8 57 42 government government NN cord-327278-2n9eo1n8 57 43 regulations regulation NNS cord-327278-2n9eo1n8 57 44 . . . cord-327278-2n9eo1n8 58 1 A a DT cord-327278-2n9eo1n8 58 2 consequence consequence NN cord-327278-2n9eo1n8 58 3 of of IN cord-327278-2n9eo1n8 58 4 this this DT cord-327278-2n9eo1n8 58 5 is be VBZ cord-327278-2n9eo1n8 58 6 that that IN cord-327278-2n9eo1n8 58 7 the the DT cord-327278-2n9eo1n8 58 8 drivers driver NNS cord-327278-2n9eo1n8 58 9 of of IN cord-327278-2n9eo1n8 58 10 energy energy NN cord-327278-2n9eo1n8 58 11 demand demand NN cord-327278-2n9eo1n8 58 12 need nee MD cord-327278-2n9eo1n8 58 13 not not RB cord-327278-2n9eo1n8 58 14 necessarily necessarily RB cord-327278-2n9eo1n8 58 15 be be VB cord-327278-2n9eo1n8 58 16 the the DT cord-327278-2n9eo1n8 58 17 same same JJ cord-327278-2n9eo1n8 58 18 for for IN cord-327278-2n9eo1n8 58 19 all all DT cord-327278-2n9eo1n8 58 20 countries country NNS cord-327278-2n9eo1n8 58 21 in in IN cord-327278-2n9eo1n8 58 22 the the DT cord-327278-2n9eo1n8 58 23 estimation estimation NN cord-327278-2n9eo1n8 58 24 of of IN cord-327278-2n9eo1n8 58 25 demand demand NN cord-327278-2n9eo1n8 58 26 models model NNS cord-327278-2n9eo1n8 58 27 . . . cord-327278-2n9eo1n8 59 1 Analyzing analyze VBG cord-327278-2n9eo1n8 59 2 energy energy NN cord-327278-2n9eo1n8 59 3 consumption consumption NN cord-327278-2n9eo1n8 59 4 , , , cord-327278-2n9eo1n8 59 5 Wong Wong NNP cord-327278-2n9eo1n8 59 6 et et NNP cord-327278-2n9eo1n8 59 7 al al NNP cord-327278-2n9eo1n8 59 8 . . . cord-327278-2n9eo1n8 60 1 [ [ -LRB- cord-327278-2n9eo1n8 60 2 12 12 CD cord-327278-2n9eo1n8 60 3 ] ] -RRB- cord-327278-2n9eo1n8 60 4 estimated estimate VBD cord-327278-2n9eo1n8 60 5 the the DT cord-327278-2n9eo1n8 60 6 elasticities elasticity NNS cord-327278-2n9eo1n8 60 7 of of IN cord-327278-2n9eo1n8 60 8 changes change NNS cord-327278-2n9eo1n8 60 9 in in IN cord-327278-2n9eo1n8 60 10 oil oil NN cord-327278-2n9eo1n8 60 11 prices price NNS cord-327278-2n9eo1n8 60 12 and and CC cord-327278-2n9eo1n8 60 13 income income NN cord-327278-2n9eo1n8 60 14 of of IN cord-327278-2n9eo1n8 60 15 twenty twenty CD cord-327278-2n9eo1n8 60 16 OECD OECD NNP cord-327278-2n9eo1n8 60 17 countries country NNS cord-327278-2n9eo1n8 60 18 for for IN cord-327278-2n9eo1n8 60 19 the the DT cord-327278-2n9eo1n8 60 20 period period NN cord-327278-2n9eo1n8 60 21 1980 1980 CD cord-327278-2n9eo1n8 60 22 - - SYM cord-327278-2n9eo1n8 60 23 2010 2010 CD cord-327278-2n9eo1n8 60 24 . . . cord-327278-2n9eo1n8 61 1 Negative negative JJ cord-327278-2n9eo1n8 61 2 income income NN cord-327278-2n9eo1n8 61 3 elasticity elasticity NN cord-327278-2n9eo1n8 61 4 was be VBD cord-327278-2n9eo1n8 61 5 found find VBN cord-327278-2n9eo1n8 61 6 for for IN cord-327278-2n9eo1n8 61 7 coal coal NN cord-327278-2n9eo1n8 61 8 consumption consumption NN cord-327278-2n9eo1n8 61 9 but but CC cord-327278-2n9eo1n8 61 10 income income NN cord-327278-2n9eo1n8 61 11 elasticity elasticity NN cord-327278-2n9eo1n8 61 12 for for IN cord-327278-2n9eo1n8 61 13 oil oil NN cord-327278-2n9eo1n8 61 14 and and CC cord-327278-2n9eo1n8 61 15 gas gas NN cord-327278-2n9eo1n8 61 16 was be VBD cord-327278-2n9eo1n8 61 17 found find VBN cord-327278-2n9eo1n8 61 18 to to TO cord-327278-2n9eo1n8 61 19 be be VB cord-327278-2n9eo1n8 61 20 positive positive JJ cord-327278-2n9eo1n8 61 21 , , , cord-327278-2n9eo1n8 61 22 suggesting suggest VBG cord-327278-2n9eo1n8 61 23 the the DT cord-327278-2n9eo1n8 61 24 importance importance NN cord-327278-2n9eo1n8 61 25 of of IN cord-327278-2n9eo1n8 61 26 economic economic JJ cord-327278-2n9eo1n8 61 27 growth growth NN cord-327278-2n9eo1n8 61 28 in in IN cord-327278-2n9eo1n8 61 29 the the DT cord-327278-2n9eo1n8 61 30 movement movement NN cord-327278-2n9eo1n8 61 31 towards towards IN cord-327278-2n9eo1n8 61 32 cleaner clean JJR cord-327278-2n9eo1n8 61 33 energy energy NN cord-327278-2n9eo1n8 61 34 from from IN cord-327278-2n9eo1n8 61 35 coal coal NN cord-327278-2n9eo1n8 61 36 to to IN cord-327278-2n9eo1n8 61 37 oil oil NN cord-327278-2n9eo1n8 61 38 and and CC cord-327278-2n9eo1n8 61 39 gas gas NN cord-327278-2n9eo1n8 61 40 . . . cord-327278-2n9eo1n8 62 1 However however RB cord-327278-2n9eo1n8 62 2 , , , cord-327278-2n9eo1n8 62 3 in in IN cord-327278-2n9eo1n8 62 4 the the DT cord-327278-2n9eo1n8 62 5 specific specific JJ cord-327278-2n9eo1n8 62 6 case case NN cord-327278-2n9eo1n8 62 7 of of IN cord-327278-2n9eo1n8 62 8 oil oil NN cord-327278-2n9eo1n8 62 9 markets market NNS cord-327278-2n9eo1n8 62 10 , , , cord-327278-2n9eo1n8 62 11 its -PRON- PRP$ cord-327278-2n9eo1n8 62 12 consumption consumption NN cord-327278-2n9eo1n8 62 13 fell fall VBD cord-327278-2n9eo1n8 62 14 significantly significantly RB cord-327278-2n9eo1n8 62 15 with with IN cord-327278-2n9eo1n8 62 16 higher high JJR cord-327278-2n9eo1n8 62 17 oil oil NN cord-327278-2n9eo1n8 62 18 prices price NNS cord-327278-2n9eo1n8 62 19 . . . cord-327278-2n9eo1n8 63 1 Bhattacharyya Bhattacharyya NNP cord-327278-2n9eo1n8 63 2 and and CC cord-327278-2n9eo1n8 63 3 Timilsina Timilsina NNP cord-327278-2n9eo1n8 63 4 [ [ -LRB- cord-327278-2n9eo1n8 63 5 13 13 CD cord-327278-2n9eo1n8 63 6 ] ] -RRB- cord-327278-2n9eo1n8 63 7 studied study VBD cord-327278-2n9eo1n8 63 8 other other JJ cord-327278-2n9eo1n8 63 9 indirect indirect JJ cord-327278-2n9eo1n8 63 10 aspects aspect NNS cord-327278-2n9eo1n8 63 11 for for IN cord-327278-2n9eo1n8 63 12 developed develop VBN cord-327278-2n9eo1n8 63 13 economies economy NNS cord-327278-2n9eo1n8 63 14 , , , cord-327278-2n9eo1n8 63 15 concluding conclude VBG cord-327278-2n9eo1n8 63 16 that that IN cord-327278-2n9eo1n8 63 17 current current JJ cord-327278-2n9eo1n8 63 18 models model NNS cord-327278-2n9eo1n8 63 19 were be VBD cord-327278-2n9eo1n8 63 20 not not RB cord-327278-2n9eo1n8 63 21 resolving resolve VBG cord-327278-2n9eo1n8 63 22 conceptual conceptual JJ cord-327278-2n9eo1n8 63 23 issues issue NNS cord-327278-2n9eo1n8 63 24 regarding regard VBG cord-327278-2n9eo1n8 63 25 the the DT cord-327278-2n9eo1n8 63 26 existence existence NN cord-327278-2n9eo1n8 63 27 of of IN cord-327278-2n9eo1n8 63 28 non non JJ cord-327278-2n9eo1n8 63 29 - - JJ cord-327278-2n9eo1n8 63 30 monetized monetized JJ cord-327278-2n9eo1n8 63 31 transactions transaction NNS cord-327278-2n9eo1n8 63 32 , , , cord-327278-2n9eo1n8 63 33 such such JJ cord-327278-2n9eo1n8 63 34 as as IN cord-327278-2n9eo1n8 63 35 the the DT cord-327278-2n9eo1n8 63 36 poor poor JJ cord-327278-2n9eo1n8 63 37 - - HYPH cord-327278-2n9eo1n8 63 38 rich rich JJ cord-327278-2n9eo1n8 63 39 or or CC cord-327278-2n9eo1n8 63 40 urban urban JJ cord-327278-2n9eo1n8 63 41 - - HYPH cord-327278-2n9eo1n8 63 42 rural rural JJ cord-327278-2n9eo1n8 63 43 structures structure NNS cord-327278-2n9eo1n8 63 44 . . . cord-327278-2n9eo1n8 64 1 In in IN cord-327278-2n9eo1n8 64 2 addition addition NN cord-327278-2n9eo1n8 64 3 , , , cord-327278-2n9eo1n8 64 4 traditional traditional JJ cord-327278-2n9eo1n8 64 5 energy energy NN cord-327278-2n9eo1n8 64 6 resources resource NNS cord-327278-2n9eo1n8 64 7 or or CC cord-327278-2n9eo1n8 64 8 differentiation differentiation NN cord-327278-2n9eo1n8 64 9 between between IN cord-327278-2n9eo1n8 64 10 commercial commercial JJ cord-327278-2n9eo1n8 64 11 and and CC cord-327278-2n9eo1n8 64 12 non non JJ cord-327278-2n9eo1n8 64 13 - - JJ cord-327278-2n9eo1n8 64 14 commercial commercial JJ cord-327278-2n9eo1n8 64 15 energy energy NN cord-327278-2n9eo1n8 64 16 commodities commodity NNS cord-327278-2n9eo1n8 64 17 were be VBD cord-327278-2n9eo1n8 64 18 often often RB cord-327278-2n9eo1n8 64 19 poorly poorly RB cord-327278-2n9eo1n8 64 20 reflected reflect VBN cord-327278-2n9eo1n8 64 21 in in IN cord-327278-2n9eo1n8 64 22 models model NNS cord-327278-2n9eo1n8 64 23 . . . cord-327278-2n9eo1n8 65 1 Other other JJ cord-327278-2n9eo1n8 65 2 authors author NNS cord-327278-2n9eo1n8 65 3 such such JJ cord-327278-2n9eo1n8 65 4 as as IN cord-327278-2n9eo1n8 65 5 Beunder Beunder NNP cord-327278-2n9eo1n8 65 6 and and CC cord-327278-2n9eo1n8 65 7 Groot Groot NNP cord-327278-2n9eo1n8 65 8 [ [ -LRB- cord-327278-2n9eo1n8 65 9 14 14 CD cord-327278-2n9eo1n8 65 10 ] ] -RRB- cord-327278-2n9eo1n8 65 11 concluded conclude VBD cord-327278-2n9eo1n8 65 12 that that IN cord-327278-2n9eo1n8 65 13 the the DT cord-327278-2n9eo1n8 65 14 consumers consumer NNS cord-327278-2n9eo1n8 65 15 ' ' POS cord-327278-2n9eo1n8 65 16 preferences preference NNS cord-327278-2n9eo1n8 65 17 can can MD cord-327278-2n9eo1n8 65 18 not not RB cord-327278-2n9eo1n8 65 19 be be VB cord-327278-2n9eo1n8 65 20 simply simply RB cord-327278-2n9eo1n8 65 21 taken take VBN cord-327278-2n9eo1n8 65 22 as as IN cord-327278-2n9eo1n8 65 23 given give VBN cord-327278-2n9eo1n8 65 24 , , , cord-327278-2n9eo1n8 65 25 as as IN cord-327278-2n9eo1n8 65 26 is be VBZ cord-327278-2n9eo1n8 65 27 customary customary JJ cord-327278-2n9eo1n8 65 28 in in IN cord-327278-2n9eo1n8 65 29 standard standard JJ cord-327278-2n9eo1n8 65 30 economic economic JJ cord-327278-2n9eo1n8 65 31 models model NNS cord-327278-2n9eo1n8 65 32 , , , cord-327278-2n9eo1n8 65 33 and and CC cord-327278-2n9eo1n8 65 34 they -PRON- PRP cord-327278-2n9eo1n8 65 35 should should MD cord-327278-2n9eo1n8 65 36 interact interact VB cord-327278-2n9eo1n8 65 37 with with IN cord-327278-2n9eo1n8 65 38 the the DT cord-327278-2n9eo1n8 65 39 structure structure NN cord-327278-2n9eo1n8 65 40 of of IN cord-327278-2n9eo1n8 65 41 financial financial JJ cord-327278-2n9eo1n8 65 42 incentives incentive NNS cord-327278-2n9eo1n8 65 43 . . . cord-327278-2n9eo1n8 66 1 In in IN cord-327278-2n9eo1n8 66 2 consequence consequence NN cord-327278-2n9eo1n8 66 3 , , , cord-327278-2n9eo1n8 66 4 taxes taxis NNS cord-327278-2n9eo1n8 66 5 and and CC cord-327278-2n9eo1n8 66 6 subsidies subsidy NNS cord-327278-2n9eo1n8 66 7 , , , cord-327278-2n9eo1n8 66 8 or or CC cord-327278-2n9eo1n8 66 9 changing change VBG cord-327278-2n9eo1n8 66 10 fixed fix VBN cord-327278-2n9eo1n8 66 11 or or CC cord-327278-2n9eo1n8 66 12 flexible flexible JJ cord-327278-2n9eo1n8 66 13 rates rate NNS cord-327278-2n9eo1n8 66 14 in in IN cord-327278-2n9eo1n8 66 15 energy energy NN cord-327278-2n9eo1n8 66 16 bills bill NNS cord-327278-2n9eo1n8 66 17 , , , cord-327278-2n9eo1n8 66 18 were be VBD cord-327278-2n9eo1n8 66 19 interacting interact VBG cord-327278-2n9eo1n8 66 20 and and CC cord-327278-2n9eo1n8 66 21 modifying modify VBG cord-327278-2n9eo1n8 66 22 with with IN cord-327278-2n9eo1n8 66 23 people people NNS cord-327278-2n9eo1n8 66 24 's 's POS cord-327278-2n9eo1n8 66 25 preferences preference NNS cord-327278-2n9eo1n8 66 26 . . . cord-327278-2n9eo1n8 67 1 Salisu Salisu NNP cord-327278-2n9eo1n8 67 2 and and CC cord-327278-2n9eo1n8 67 3 Ayinde Ayinde NNP cord-327278-2n9eo1n8 67 4 [ [ -LRB- cord-327278-2n9eo1n8 67 5 15 15 CD cord-327278-2n9eo1n8 67 6 ] ] -RRB- cord-327278-2n9eo1n8 67 7 documented document VBD cord-327278-2n9eo1n8 67 8 other other JJ cord-327278-2n9eo1n8 67 9 emerging emerge VBG cord-327278-2n9eo1n8 67 10 issues issue NNS cord-327278-2n9eo1n8 67 11 for for IN cord-327278-2n9eo1n8 67 12 energy energy NN cord-327278-2n9eo1n8 67 13 demand demand NN cord-327278-2n9eo1n8 67 14 , , , cord-327278-2n9eo1n8 67 15 ranging range VBG cord-327278-2n9eo1n8 67 16 from from IN cord-327278-2n9eo1n8 67 17 asymmetric asymmetric JJ cord-327278-2n9eo1n8 67 18 price price NN cord-327278-2n9eo1n8 67 19 responses response NNS cord-327278-2n9eo1n8 67 20 , , , cord-327278-2n9eo1n8 67 21 time time NN cord-327278-2n9eo1n8 67 22 varying vary VBG cord-327278-2n9eo1n8 67 23 demand demand NN cord-327278-2n9eo1n8 67 24 parameters parameter NNS cord-327278-2n9eo1n8 67 25 , , , cord-327278-2n9eo1n8 67 26 triangulation triangulation NN cord-327278-2n9eo1n8 67 27 analyses analysis NNS cord-327278-2n9eo1n8 67 28 to to TO cord-327278-2n9eo1n8 67 29 seasonal seasonal JJ cord-327278-2n9eo1n8 67 30 and and CC cord-327278-2n9eo1n8 67 31 climate climate NN cord-327278-2n9eo1n8 67 32 change change NN cord-327278-2n9eo1n8 67 33 effects effect NNS cord-327278-2n9eo1n8 67 34 . . . cord-327278-2n9eo1n8 68 1 They -PRON- PRP cord-327278-2n9eo1n8 68 2 proposed propose VBD cord-327278-2n9eo1n8 68 3 models model NNS cord-327278-2n9eo1n8 68 4 assuming assume VBG cord-327278-2n9eo1n8 68 5 symmetric symmetric JJ cord-327278-2n9eo1n8 68 6 , , , cord-327278-2n9eo1n8 68 7 asymmetric asymmetric JJ cord-327278-2n9eo1n8 68 8 energy energy NN cord-327278-2n9eo1n8 68 9 prices price NNS cord-327278-2n9eo1n8 68 10 or or CC cord-327278-2n9eo1n8 68 11 non non JJ cord-327278-2n9eo1n8 68 12 - - JJ cord-327278-2n9eo1n8 68 13 parametric parametric JJ cord-327278-2n9eo1n8 68 14 techniques technique NNS cord-327278-2n9eo1n8 68 15 with with IN cord-327278-2n9eo1n8 68 16 Bayesian bayesian JJ cord-327278-2n9eo1n8 68 17 approaches approach NNS cord-327278-2n9eo1n8 68 18 , , , cord-327278-2n9eo1n8 68 19 to to TO cord-327278-2n9eo1n8 68 20 make make VB cord-327278-2n9eo1n8 68 21 empirical empirical JJ cord-327278-2n9eo1n8 68 22 captures capture NNS cord-327278-2n9eo1n8 68 23 using use VBG cord-327278-2n9eo1n8 68 24 time time NN cord-327278-2n9eo1n8 68 25 - - HYPH cord-327278-2n9eo1n8 68 26 varying vary VBG cord-327278-2n9eo1n8 68 27 coefficient coefficient NN cord-327278-2n9eo1n8 68 28 models model NNS cord-327278-2n9eo1n8 68 29 such such JJ cord-327278-2n9eo1n8 68 30 as as IN cord-327278-2n9eo1n8 68 31 rolling rolling JJ cord-327278-2n9eo1n8 68 32 regressions regression NNS cord-327278-2n9eo1n8 68 33 . . . cord-327278-2n9eo1n8 69 1 Figueiredo Figueiredo NNP cord-327278-2n9eo1n8 69 2 et et FW cord-327278-2n9eo1n8 69 3 al al NNP cord-327278-2n9eo1n8 69 4 . . . cord-327278-2n9eo1n8 70 1 [ [ -LRB- cord-327278-2n9eo1n8 70 2 16 16 CD cord-327278-2n9eo1n8 70 3 ] ] -RRB- cord-327278-2n9eo1n8 70 4 analyzed analyze VBD cord-327278-2n9eo1n8 70 5 the the DT cord-327278-2n9eo1n8 70 6 effects effect NNS cord-327278-2n9eo1n8 70 7 of of IN cord-327278-2n9eo1n8 70 8 renewable renewable JJ cord-327278-2n9eo1n8 70 9 energy energy NN cord-327278-2n9eo1n8 70 10 output output NN cord-327278-2n9eo1n8 70 11 variations variation NNS cord-327278-2n9eo1n8 70 12 , , , cord-327278-2n9eo1n8 70 13 particularly particularly RB cord-327278-2n9eo1n8 70 14 wind wind NN cord-327278-2n9eo1n8 70 15 power power NN cord-327278-2n9eo1n8 70 16 , , , cord-327278-2n9eo1n8 70 17 noting note VBG cord-327278-2n9eo1n8 70 18 that that IN cord-327278-2n9eo1n8 70 19 its -PRON- PRP$ cord-327278-2n9eo1n8 70 20 production production NN cord-327278-2n9eo1n8 70 21 is be VBZ cord-327278-2n9eo1n8 70 22 strongly strongly RB cord-327278-2n9eo1n8 70 23 influenced influence VBN cord-327278-2n9eo1n8 70 24 by by IN cord-327278-2n9eo1n8 70 25 weather weather NN cord-327278-2n9eo1n8 70 26 conditions condition NNS cord-327278-2n9eo1n8 70 27 . . . cord-327278-2n9eo1n8 71 1 A a DT cord-327278-2n9eo1n8 71 2 recent recent JJ cord-327278-2n9eo1n8 71 3 review review NN cord-327278-2n9eo1n8 71 4 of of IN cord-327278-2n9eo1n8 71 5 the the DT cord-327278-2n9eo1n8 71 6 latest late JJS cord-327278-2n9eo1n8 71 7 current current JJ cord-327278-2n9eo1n8 71 8 trends trend NNS cord-327278-2n9eo1n8 71 9 in in IN cord-327278-2n9eo1n8 71 10 energy energy NN cord-327278-2n9eo1n8 71 11 systems system NNS cord-327278-2n9eo1n8 71 12 can can MD cord-327278-2n9eo1n8 71 13 be be VB cord-327278-2n9eo1n8 71 14 found find VBN cord-327278-2n9eo1n8 71 15 in in IN cord-327278-2n9eo1n8 71 16 Lopion Lopion NNP cord-327278-2n9eo1n8 71 17 et et NNP cord-327278-2n9eo1n8 71 18 al al NNP cord-327278-2n9eo1n8 71 19 . . . cord-327278-2n9eo1n8 72 1 [ [ -LRB- cord-327278-2n9eo1n8 72 2 17 17 CD cord-327278-2n9eo1n8 72 3 ] ] -RRB- cord-327278-2n9eo1n8 72 4 as as IN cord-327278-2n9eo1n8 72 5 the the DT cord-327278-2n9eo1n8 72 6 requirements requirement NNS cord-327278-2n9eo1n8 72 7 made make VBN cord-327278-2n9eo1n8 72 8 on on IN cord-327278-2n9eo1n8 72 9 energy energy NN cord-327278-2n9eo1n8 72 10 system system NN cord-327278-2n9eo1n8 72 11 models model NNS cord-327278-2n9eo1n8 72 12 are be VBP cord-327278-2n9eo1n8 72 13 changing change VBG cord-327278-2n9eo1n8 72 14 due due IN cord-327278-2n9eo1n8 72 15 to to IN cord-327278-2n9eo1n8 72 16 the the DT cord-327278-2n9eo1n8 72 17 governments government NNS cord-327278-2n9eo1n8 72 18 emissions emission NNS cord-327278-2n9eo1n8 72 19 regulation regulation NN cord-327278-2n9eo1n8 72 20 and and CC cord-327278-2n9eo1n8 72 21 the the DT cord-327278-2n9eo1n8 72 22 implementation implementation NN cord-327278-2n9eo1n8 72 23 of of IN cord-327278-2n9eo1n8 72 24 green green JJ cord-327278-2n9eo1n8 72 25 energies energy NNS cord-327278-2n9eo1n8 72 26 . . . cord-327278-2n9eo1n8 73 1 Along along IN cord-327278-2n9eo1n8 73 2 with with IN cord-327278-2n9eo1n8 73 3 the the DT cord-327278-2n9eo1n8 73 4 climate climate NN cord-327278-2n9eo1n8 73 5 goals goal NNS cord-327278-2n9eo1n8 73 6 of of IN cord-327278-2n9eo1n8 73 7 the the DT cord-327278-2n9eo1n8 73 8 Paris Paris NNP cord-327278-2n9eo1n8 73 9 Agreement Agreement NNP cord-327278-2n9eo1n8 73 10 , , , cord-327278-2n9eo1n8 73 11 the the DT cord-327278-2n9eo1n8 73 12 national national JJ cord-327278-2n9eo1n8 73 13 greenhouse greenhouse NN cord-327278-2n9eo1n8 73 14 gas gas NN cord-327278-2n9eo1n8 73 15 strategies strategy NNS cord-327278-2n9eo1n8 73 16 of of IN cord-327278-2n9eo1n8 73 17 industrialized industrialized JJ cord-327278-2n9eo1n8 73 18 countries country NNS cord-327278-2n9eo1n8 73 19 involve involve VBP cord-327278-2n9eo1n8 73 20 the the DT cord-327278-2n9eo1n8 73 21 total total JJ cord-327278-2n9eo1n8 73 22 restructuring restructuring NN cord-327278-2n9eo1n8 73 23 of of IN cord-327278-2n9eo1n8 73 24 their -PRON- PRP$ cord-327278-2n9eo1n8 73 25 energy energy NN cord-327278-2n9eo1n8 73 26 systems system NNS cord-327278-2n9eo1n8 73 27 . . . cord-327278-2n9eo1n8 74 1 In in IN cord-327278-2n9eo1n8 74 2 terms term NNS cord-327278-2n9eo1n8 74 3 of of IN cord-327278-2n9eo1n8 74 4 the the DT cord-327278-2n9eo1n8 74 5 pricing pricing NN cord-327278-2n9eo1n8 74 6 discovery discovery NN cord-327278-2n9eo1n8 74 7 and and CC cord-327278-2n9eo1n8 74 8 the the DT cord-327278-2n9eo1n8 74 9 relationship relationship NN cord-327278-2n9eo1n8 74 10 between between IN cord-327278-2n9eo1n8 74 11 spot spot NN cord-327278-2n9eo1n8 74 12 and and CC cord-327278-2n9eo1n8 74 13 futures future NNS cord-327278-2n9eo1n8 74 14 markets market NNS cord-327278-2n9eo1n8 74 15 , , , cord-327278-2n9eo1n8 74 16 Figuerola Figuerola NNP cord-327278-2n9eo1n8 74 17 - - HYPH cord-327278-2n9eo1n8 74 18 Ferretti Ferretti NNP cord-327278-2n9eo1n8 74 19 and and CC cord-327278-2n9eo1n8 74 20 Gonzalo Gonzalo NNP cord-327278-2n9eo1n8 74 21 [ [ -LRB- cord-327278-2n9eo1n8 74 22 18 18 CD cord-327278-2n9eo1n8 74 23 ] ] -RRB- cord-327278-2n9eo1n8 74 24 studied study VBD cord-327278-2n9eo1n8 74 25 the the DT cord-327278-2n9eo1n8 74 26 modelling modelling NN cord-327278-2n9eo1n8 74 27 of of IN cord-327278-2n9eo1n8 74 28 pricing pricing NN cord-327278-2n9eo1n8 74 29 in in IN cord-327278-2n9eo1n8 74 30 commodity commodity NN cord-327278-2n9eo1n8 74 31 markets market NNS cord-327278-2n9eo1n8 74 32 , , , cord-327278-2n9eo1n8 74 33 presenting present VBG cord-327278-2n9eo1n8 74 34 an an DT cord-327278-2n9eo1n8 74 35 equilibrium equilibrium NN cord-327278-2n9eo1n8 74 36 model model NN cord-327278-2n9eo1n8 74 37 between between IN cord-327278-2n9eo1n8 74 38 spot spot NN cord-327278-2n9eo1n8 74 39 and and CC cord-327278-2n9eo1n8 74 40 futures future NNS cord-327278-2n9eo1n8 74 41 prices price NNS cord-327278-2n9eo1n8 74 42 with with IN cord-327278-2n9eo1n8 74 43 finite finite JJ cord-327278-2n9eo1n8 74 44 elasticity elasticity NN cord-327278-2n9eo1n8 74 45 of of IN cord-327278-2n9eo1n8 74 46 arbitrage arbitrage NN cord-327278-2n9eo1n8 74 47 services service NNS cord-327278-2n9eo1n8 74 48 and and CC cord-327278-2n9eo1n8 74 49 convenience convenience NN cord-327278-2n9eo1n8 74 50 yields yield NNS cord-327278-2n9eo1n8 74 51 . . . cord-327278-2n9eo1n8 75 1 This this DT cord-327278-2n9eo1n8 75 2 model model NN cord-327278-2n9eo1n8 75 3 was be VBD cord-327278-2n9eo1n8 75 4 tested test VBN cord-327278-2n9eo1n8 75 5 in in IN cord-327278-2n9eo1n8 75 6 non non JJ cord-327278-2n9eo1n8 75 7 - - JJ cord-327278-2n9eo1n8 75 8 ferrous ferrous JJ cord-327278-2n9eo1n8 75 9 metals metal NNS cord-327278-2n9eo1n8 75 10 prices price NNS cord-327278-2n9eo1n8 75 11 traded trade VBN cord-327278-2n9eo1n8 75 12 in in IN cord-327278-2n9eo1n8 75 13 the the DT cord-327278-2n9eo1n8 75 14 London London NNP cord-327278-2n9eo1n8 75 15 Metal Metal NNP cord-327278-2n9eo1n8 75 16 Exchange Exchange NNP cord-327278-2n9eo1n8 75 17 ( ( -LRB- cord-327278-2n9eo1n8 75 18 LME LME NNP cord-327278-2n9eo1n8 75 19 ) ) -RRB- cord-327278-2n9eo1n8 75 20 , , , cord-327278-2n9eo1n8 75 21 concluding conclude VBG cord-327278-2n9eo1n8 75 22 that that IN cord-327278-2n9eo1n8 75 23 most most JJS cord-327278-2n9eo1n8 75 24 markets market NNS cord-327278-2n9eo1n8 75 25 are be VBP cord-327278-2n9eo1n8 75 26 in in IN cord-327278-2n9eo1n8 75 27 backwardation backwardation NN cord-327278-2n9eo1n8 75 28 and and CC cord-327278-2n9eo1n8 75 29 futures future NNS cord-327278-2n9eo1n8 75 30 prices price NNS cord-327278-2n9eo1n8 75 31 are be VBP cord-327278-2n9eo1n8 75 32 information information NN cord-327278-2n9eo1n8 75 33 dominant dominant JJ cord-327278-2n9eo1n8 75 34 in in IN cord-327278-2n9eo1n8 75 35 highly highly RB cord-327278-2n9eo1n8 75 36 liquid liquid JJ cord-327278-2n9eo1n8 75 37 futures future NNS cord-327278-2n9eo1n8 75 38 markets market NNS cord-327278-2n9eo1n8 75 39 . . . cord-327278-2n9eo1n8 76 1 Other other JJ cord-327278-2n9eo1n8 76 2 studies study NNS cord-327278-2n9eo1n8 76 3 , , , cord-327278-2n9eo1n8 76 4 as as IN cord-327278-2n9eo1n8 76 5 that that DT cord-327278-2n9eo1n8 76 6 of of IN cord-327278-2n9eo1n8 76 7 Narayan Narayan NNP cord-327278-2n9eo1n8 76 8 and and CC cord-327278-2n9eo1n8 76 9 Sharma Sharma NNP cord-327278-2n9eo1n8 76 10 [ [ -LRB- cord-327278-2n9eo1n8 76 11 19 19 CD cord-327278-2n9eo1n8 76 12 ] ] -RRB- cord-327278-2n9eo1n8 76 13 proposed propose VBD cord-327278-2n9eo1n8 76 14 a a DT cord-327278-2n9eo1n8 76 15 time time NN cord-327278-2n9eo1n8 76 16 - - HYPH cord-327278-2n9eo1n8 76 17 varying vary VBG cord-327278-2n9eo1n8 76 18 price price NN cord-327278-2n9eo1n8 76 19 model model NN cord-327278-2n9eo1n8 76 20 structure structure NN cord-327278-2n9eo1n8 76 21 based base VBN cord-327278-2n9eo1n8 76 22 on on IN cord-327278-2n9eo1n8 76 23 a a DT cord-327278-2n9eo1n8 76 24 rolling rolling JJ cord-327278-2n9eo1n8 76 25 - - HYPH cord-327278-2n9eo1n8 76 26 window window NN cord-327278-2n9eo1n8 76 27 error error NN cord-327278-2n9eo1n8 76 28 correction correction NN cord-327278-2n9eo1n8 76 29 framework framework NN cord-327278-2n9eo1n8 76 30 , , , cord-327278-2n9eo1n8 76 31 showing show VBG cord-327278-2n9eo1n8 76 32 that that IN cord-327278-2n9eo1n8 76 33 price price NN cord-327278-2n9eo1n8 76 34 discovery discovery NN cord-327278-2n9eo1n8 76 35 in in IN cord-327278-2n9eo1n8 76 36 nine nine CD cord-327278-2n9eo1n8 76 37 general general JJ cord-327278-2n9eo1n8 76 38 commodities commodity NNS cord-327278-2n9eo1n8 76 39 is be VBZ cord-327278-2n9eo1n8 76 40 dominated dominate VBN cord-327278-2n9eo1n8 76 41 by by IN cord-327278-2n9eo1n8 76 42 the the DT cord-327278-2n9eo1n8 76 43 spot spot NN cord-327278-2n9eo1n8 76 44 market market NN cord-327278-2n9eo1n8 76 45 , , , cord-327278-2n9eo1n8 76 46 while while IN cord-327278-2n9eo1n8 76 47 in in IN cord-327278-2n9eo1n8 76 48 another another DT cord-327278-2n9eo1n8 76 49 six six CD cord-327278-2n9eo1n8 76 50 , , , cord-327278-2n9eo1n8 76 51 price price NN cord-327278-2n9eo1n8 76 52 discovery discovery NN cord-327278-2n9eo1n8 76 53 is be VBZ cord-327278-2n9eo1n8 76 54 dominated dominate VBN cord-327278-2n9eo1n8 76 55 by by IN cord-327278-2n9eo1n8 76 56 the the DT cord-327278-2n9eo1n8 76 57 futures future NNS cord-327278-2n9eo1n8 76 58 market market NN cord-327278-2n9eo1n8 76 59 . . . cord-327278-2n9eo1n8 77 1 Therefore therefore RB cord-327278-2n9eo1n8 77 2 , , , cord-327278-2n9eo1n8 77 3 challenging challenge VBG cord-327278-2n9eo1n8 77 4 the the DT cord-327278-2n9eo1n8 77 5 well well RB cord-327278-2n9eo1n8 77 6 - - HYPH cord-327278-2n9eo1n8 77 7 established establish VBN cord-327278-2n9eo1n8 77 8 view view NN cord-327278-2n9eo1n8 77 9 in in IN cord-327278-2n9eo1n8 77 10 commodity commodity NN cord-327278-2n9eo1n8 77 11 markets market NNS cord-327278-2n9eo1n8 77 12 that that IN cord-327278-2n9eo1n8 77 13 it -PRON- PRP cord-327278-2n9eo1n8 77 14 is be VBZ cord-327278-2n9eo1n8 77 15 the the DT cord-327278-2n9eo1n8 77 16 futures future NNS cord-327278-2n9eo1n8 77 17 market market NN cord-327278-2n9eo1n8 77 18 which which WDT cord-327278-2n9eo1n8 77 19 dominates dominate VBZ cord-327278-2n9eo1n8 77 20 the the DT cord-327278-2n9eo1n8 77 21 spot spot NN cord-327278-2n9eo1n8 77 22 price price NN cord-327278-2n9eo1n8 77 23 discovery discovery NN cord-327278-2n9eo1n8 77 24 process process NN cord-327278-2n9eo1n8 77 25 . . . cord-327278-2n9eo1n8 78 1 Regarding regard VBG cord-327278-2n9eo1n8 78 2 energy energy NN cord-327278-2n9eo1n8 78 3 pricing pricing NN cord-327278-2n9eo1n8 78 4 , , , cord-327278-2n9eo1n8 78 5 a a DT cord-327278-2n9eo1n8 78 6 review review NN cord-327278-2n9eo1n8 78 7 of of IN cord-327278-2n9eo1n8 78 8 the the DT cord-327278-2n9eo1n8 78 9 different different JJ cord-327278-2n9eo1n8 78 10 techniques technique NNS cord-327278-2n9eo1n8 78 11 can can MD cord-327278-2n9eo1n8 78 12 be be VB cord-327278-2n9eo1n8 78 13 found find VBN cord-327278-2n9eo1n8 78 14 in in IN cord-327278-2n9eo1n8 78 15 Weron Weron NNP cord-327278-2n9eo1n8 78 16 [ [ -LRB- cord-327278-2n9eo1n8 78 17 20 20 CD cord-327278-2n9eo1n8 78 18 ] ] -RRB- cord-327278-2n9eo1n8 78 19 explaining explain VBG cord-327278-2n9eo1n8 78 20 the the DT cord-327278-2n9eo1n8 78 21 complexity complexity NN cord-327278-2n9eo1n8 78 22 of of IN cord-327278-2n9eo1n8 78 23 the the DT cord-327278-2n9eo1n8 78 24 available available JJ cord-327278-2n9eo1n8 78 25 solutions solution NNS cord-327278-2n9eo1n8 78 26 , , , cord-327278-2n9eo1n8 78 27 and and CC cord-327278-2n9eo1n8 78 28 this this DT cord-327278-2n9eo1n8 78 29 review review NN cord-327278-2n9eo1n8 78 30 has have VBZ cord-327278-2n9eo1n8 78 31 been be VBN cord-327278-2n9eo1n8 78 32 recently recently RB cord-327278-2n9eo1n8 78 33 updated update VBN cord-327278-2n9eo1n8 78 34 in in IN cord-327278-2n9eo1n8 78 35 Nowotarski Nowotarski NNP cord-327278-2n9eo1n8 78 36 and and CC cord-327278-2n9eo1n8 78 37 Weron Weron NNP cord-327278-2n9eo1n8 78 38 [ [ -LRB- cord-327278-2n9eo1n8 78 39 21 21 CD cord-327278-2n9eo1n8 78 40 ] ] -RRB- cord-327278-2n9eo1n8 78 41 focusing focus VBG cord-327278-2n9eo1n8 78 42 in in IN cord-327278-2n9eo1n8 78 43 a a DT cord-327278-2n9eo1n8 78 44 probabilistic probabilistic JJ cord-327278-2n9eo1n8 78 45 perspective perspective NN cord-327278-2n9eo1n8 78 46 . . . cord-327278-2n9eo1n8 79 1 Shrestha Shrestha NNP cord-327278-2n9eo1n8 80 1 [ [ -LRB- cord-327278-2n9eo1n8 80 2 22 22 CD cord-327278-2n9eo1n8 80 3 ] ] -RRB- cord-327278-2n9eo1n8 80 4 analyzes analyze VBZ cord-327278-2n9eo1n8 80 5 empirically empirically RB cord-327278-2n9eo1n8 80 6 the the DT cord-327278-2n9eo1n8 80 7 price price NN cord-327278-2n9eo1n8 80 8 discovery discovery NN cord-327278-2n9eo1n8 80 9 process process NN cord-327278-2n9eo1n8 80 10 in in IN cord-327278-2n9eo1n8 80 11 the the DT cord-327278-2n9eo1n8 80 12 futures future NNS cord-327278-2n9eo1n8 80 13 and and CC cord-327278-2n9eo1n8 80 14 spot spot NN cord-327278-2n9eo1n8 80 15 markets market NNS cord-327278-2n9eo1n8 80 16 for for IN cord-327278-2n9eo1n8 80 17 different different JJ cord-327278-2n9eo1n8 80 18 types type NNS cord-327278-2n9eo1n8 80 19 of of IN cord-327278-2n9eo1n8 80 20 energy energy NN cord-327278-2n9eo1n8 80 21 , , , cord-327278-2n9eo1n8 80 22 such such JJ cord-327278-2n9eo1n8 80 23 as as IN cord-327278-2n9eo1n8 80 24 crude crude JJ cord-327278-2n9eo1n8 80 25 oil oil NN cord-327278-2n9eo1n8 80 26 , , , cord-327278-2n9eo1n8 80 27 heating heat VBG cord-327278-2n9eo1n8 80 28 oil oil NN cord-327278-2n9eo1n8 80 29 and and CC cord-327278-2n9eo1n8 80 30 natural natural JJ cord-327278-2n9eo1n8 80 31 gas gas NN cord-327278-2n9eo1n8 80 32 , , , cord-327278-2n9eo1n8 80 33 discovering discover VBG cord-327278-2n9eo1n8 80 34 that that IN cord-327278-2n9eo1n8 80 35 almost almost RB cord-327278-2n9eo1n8 80 36 all all DT cord-327278-2n9eo1n8 80 37 price price NN cord-327278-2n9eo1n8 80 38 discovery discovery NN cord-327278-2n9eo1n8 80 39 takes take VBZ cord-327278-2n9eo1n8 80 40 place place NN cord-327278-2n9eo1n8 80 41 in in IN cord-327278-2n9eo1n8 80 42 the the DT cord-327278-2n9eo1n8 80 43 futures future NNS cord-327278-2n9eo1n8 80 44 markets market NNS cord-327278-2n9eo1n8 80 45 for for IN cord-327278-2n9eo1n8 80 46 heating heating NN cord-327278-2n9eo1n8 80 47 oil oil NN cord-327278-2n9eo1n8 80 48 and and CC cord-327278-2n9eo1n8 80 49 natural natural JJ cord-327278-2n9eo1n8 80 50 gas gas NN cord-327278-2n9eo1n8 80 51 but but CC cord-327278-2n9eo1n8 80 52 in in IN cord-327278-2n9eo1n8 80 53 the the DT cord-327278-2n9eo1n8 80 54 case case NN cord-327278-2n9eo1n8 80 55 of of IN cord-327278-2n9eo1n8 80 56 crude crude JJ cord-327278-2n9eo1n8 80 57 oil oil NN cord-327278-2n9eo1n8 80 58 , , , cord-327278-2n9eo1n8 80 59 price price NN cord-327278-2n9eo1n8 80 60 discovery discovery NN cord-327278-2n9eo1n8 80 61 takes take VBZ cord-327278-2n9eo1n8 80 62 place place NN cord-327278-2n9eo1n8 80 63 in in IN cord-327278-2n9eo1n8 80 64 both both DT cord-327278-2n9eo1n8 80 65 markets market NNS cord-327278-2n9eo1n8 80 66 . . . cord-327278-2n9eo1n8 81 1 In in IN cord-327278-2n9eo1n8 81 2 the the DT cord-327278-2n9eo1n8 81 3 specific specific JJ cord-327278-2n9eo1n8 81 4 case case NN cord-327278-2n9eo1n8 81 5 of of IN cord-327278-2n9eo1n8 81 6 the the DT cord-327278-2n9eo1n8 81 7 electricity electricity NN cord-327278-2n9eo1n8 81 8 market market NN cord-327278-2n9eo1n8 81 9 , , , cord-327278-2n9eo1n8 81 10 Malo Malo NNP cord-327278-2n9eo1n8 81 11 [ [ -LRB- cord-327278-2n9eo1n8 81 12 23 23 CD cord-327278-2n9eo1n8 81 13 ] ] -RRB- cord-327278-2n9eo1n8 81 14 studied study VBD cord-327278-2n9eo1n8 81 15 electricity electricity NN cord-327278-2n9eo1n8 81 16 spot spot NN cord-327278-2n9eo1n8 81 17 and and CC cord-327278-2n9eo1n8 81 18 futures future NNS cord-327278-2n9eo1n8 81 19 price price NN cord-327278-2n9eo1n8 81 20 dependence dependence NN cord-327278-2n9eo1n8 81 21 with with IN cord-327278-2n9eo1n8 81 22 a a DT cord-327278-2n9eo1n8 81 23 multifrequency multifrequency JJ cord-327278-2n9eo1n8 81 24 approach approach NN cord-327278-2n9eo1n8 81 25 for for IN cord-327278-2n9eo1n8 81 26 modeling model VBG cord-327278-2n9eo1n8 81 27 spot spot NN cord-327278-2n9eo1n8 81 28 and and CC cord-327278-2n9eo1n8 81 29 weekly weekly JJ cord-327278-2n9eo1n8 81 30 futures future NNS cord-327278-2n9eo1n8 81 31 price price NN cord-327278-2n9eo1n8 81 32 dynamics dynamic NNS cord-327278-2n9eo1n8 81 33 . . . cord-327278-2n9eo1n8 82 1 Garcia Garcia NNP cord-327278-2n9eo1n8 82 2 - - HYPH cord-327278-2n9eo1n8 82 3 Martos Martos NNP cord-327278-2n9eo1n8 82 4 et et NNP cord-327278-2n9eo1n8 82 5 al al NNP cord-327278-2n9eo1n8 82 6 . . . cord-327278-2n9eo1n8 83 1 [ [ -LRB- cord-327278-2n9eo1n8 83 2 24 24 CD cord-327278-2n9eo1n8 83 3 ] ] -RRB- cord-327278-2n9eo1n8 83 4 worked work VBD cord-327278-2n9eo1n8 83 5 with with IN cord-327278-2n9eo1n8 83 6 unobserved unobserved JJ cord-327278-2n9eo1n8 83 7 components component NNS cord-327278-2n9eo1n8 83 8 , , , cord-327278-2n9eo1n8 83 9 proposing propose VBG cord-327278-2n9eo1n8 83 10 a a DT cord-327278-2n9eo1n8 83 11 differential differential JJ cord-327278-2n9eo1n8 83 12 model model NN cord-327278-2n9eo1n8 83 13 to to TO cord-327278-2n9eo1n8 83 14 extract extract VB cord-327278-2n9eo1n8 83 15 seasonal seasonal JJ cord-327278-2n9eo1n8 83 16 common common JJ cord-327278-2n9eo1n8 83 17 factors factor NNS cord-327278-2n9eo1n8 83 18 from from IN cord-327278-2n9eo1n8 83 19 the the DT cord-327278-2n9eo1n8 83 20 vector vector NN cord-327278-2n9eo1n8 83 21 of of IN cord-327278-2n9eo1n8 83 22 general general JJ cord-327278-2n9eo1n8 83 23 electricity electricity NN cord-327278-2n9eo1n8 83 24 prices price NNS cord-327278-2n9eo1n8 83 25 . . . cord-327278-2n9eo1n8 84 1 Lisi Lisi NNP cord-327278-2n9eo1n8 84 2 and and CC cord-327278-2n9eo1n8 84 3 Pelagati Pelagati NNP cord-327278-2n9eo1n8 84 4 [ [ -LRB- cord-327278-2n9eo1n8 84 5 25 25 CD cord-327278-2n9eo1n8 84 6 ] ] -RRB- cord-327278-2n9eo1n8 84 7 considered consider VBD cord-327278-2n9eo1n8 84 8 the the DT cord-327278-2n9eo1n8 84 9 market market NN cord-327278-2n9eo1n8 84 10 time time NN cord-327278-2n9eo1n8 84 11 series series NN cord-327278-2n9eo1n8 84 12 comparing compare VBG cord-327278-2n9eo1n8 84 13 deterministic deterministic JJ cord-327278-2n9eo1n8 84 14 and and CC cord-327278-2n9eo1n8 84 15 stochastic stochastic JJ cord-327278-2n9eo1n8 84 16 approaches approach NNS cord-327278-2n9eo1n8 84 17 , , , cord-327278-2n9eo1n8 84 18 and and CC cord-327278-2n9eo1n8 84 19 concluding conclude VBG cord-327278-2n9eo1n8 84 20 that that IN cord-327278-2n9eo1n8 84 21 both both DT cord-327278-2n9eo1n8 84 22 approaches approach NNS cord-327278-2n9eo1n8 84 23 may may MD cord-327278-2n9eo1n8 84 24 give give VB cord-327278-2n9eo1n8 84 25 good good JJ cord-327278-2n9eo1n8 84 26 results result NNS cord-327278-2n9eo1n8 84 27 . . . cord-327278-2n9eo1n8 85 1 Le Le NNP cord-327278-2n9eo1n8 85 2 et et FW cord-327278-2n9eo1n8 85 3 al al NNP cord-327278-2n9eo1n8 85 4 . . . cord-327278-2n9eo1n8 86 1 [ [ -LRB- cord-327278-2n9eo1n8 86 2 26 26 CD cord-327278-2n9eo1n8 86 3 ] ] -RRB- cord-327278-2n9eo1n8 86 4 proposed propose VBD cord-327278-2n9eo1n8 86 5 an an DT cord-327278-2n9eo1n8 86 6 algorithm algorithm NN cord-327278-2n9eo1n8 86 7 to to TO cord-327278-2n9eo1n8 86 8 simulate simulate VB cord-327278-2n9eo1n8 86 9 the the DT cord-327278-2n9eo1n8 86 10 clearing clearing NN cord-327278-2n9eo1n8 86 11 of of IN cord-327278-2n9eo1n8 86 12 the the DT cord-327278-2n9eo1n8 86 13 integrated integrate VBN cord-327278-2n9eo1n8 86 14 European european JJ cord-327278-2n9eo1n8 86 15 intra intra JJ cord-327278-2n9eo1n8 86 16 - - JJ cord-327278-2n9eo1n8 86 17 day day NN cord-327278-2n9eo1n8 86 18 market market NN cord-327278-2n9eo1n8 86 19 coordinating coordinate VBG cord-327278-2n9eo1n8 86 20 the the DT cord-327278-2n9eo1n8 86 21 discrete discrete JJ cord-327278-2n9eo1n8 86 22 auction auction NN cord-327278-2n9eo1n8 86 23 with with IN cord-327278-2n9eo1n8 86 24 the the DT cord-327278-2n9eo1n8 86 25 continuous continuous JJ cord-327278-2n9eo1n8 86 26 trading trading NN cord-327278-2n9eo1n8 86 27 , , , cord-327278-2n9eo1n8 86 28 helping help VBG cord-327278-2n9eo1n8 86 29 to to TO cord-327278-2n9eo1n8 86 30 solve solve VB cord-327278-2n9eo1n8 86 31 the the DT cord-327278-2n9eo1n8 86 32 different different JJ cord-327278-2n9eo1n8 86 33 intra intra JJ cord-327278-2n9eo1n8 86 34 - - JJ cord-327278-2n9eo1n8 86 35 day day JJ cord-327278-2n9eo1n8 86 36 market market NN cord-327278-2n9eo1n8 86 37 situations situation NNS cord-327278-2n9eo1n8 86 38 . . . cord-327278-2n9eo1n8 87 1 Monteiro Monteiro NNP cord-327278-2n9eo1n8 87 2 et et NNP cord-327278-2n9eo1n8 87 3 al al NNP cord-327278-2n9eo1n8 87 4 . . . cord-327278-2n9eo1n8 88 1 [ [ -LRB- cord-327278-2n9eo1n8 88 2 27 27 CD cord-327278-2n9eo1n8 88 3 ] ] -RRB- cord-327278-2n9eo1n8 88 4 presented present VBD cord-327278-2n9eo1n8 88 5 a a DT cord-327278-2n9eo1n8 88 6 probabilistic probabilistic JJ cord-327278-2n9eo1n8 88 7 price price NN cord-327278-2n9eo1n8 88 8 forecasting forecasting NN cord-327278-2n9eo1n8 88 9 model model NN cord-327278-2n9eo1n8 88 10 for for IN cord-327278-2n9eo1n8 88 11 day day NN cord-327278-2n9eo1n8 88 12 - - HYPH cord-327278-2n9eo1n8 88 13 ahead ahead RB cord-327278-2n9eo1n8 88 14 hourly hourly JJ cord-327278-2n9eo1n8 88 15 price price NN cord-327278-2n9eo1n8 88 16 forecasts forecast NNS cord-327278-2n9eo1n8 88 17 in in IN cord-327278-2n9eo1n8 88 18 electricity electricity NN cord-327278-2n9eo1n8 88 19 markets market NNS cord-327278-2n9eo1n8 88 20 , , , cord-327278-2n9eo1n8 88 21 based base VBN cord-327278-2n9eo1n8 88 22 on on IN cord-327278-2n9eo1n8 88 23 a a DT cord-327278-2n9eo1n8 88 24 Gaussian gaussian JJ cord-327278-2n9eo1n8 88 25 density density NN cord-327278-2n9eo1n8 88 26 estimator estimator NN cord-327278-2n9eo1n8 88 27 function function NN cord-327278-2n9eo1n8 88 28 for for IN cord-327278-2n9eo1n8 88 29 each each DT cord-327278-2n9eo1n8 88 30 input input NN cord-327278-2n9eo1n8 88 31 variable variable NN cord-327278-2n9eo1n8 88 32 , , , cord-327278-2n9eo1n8 88 33 allowing allow VBG cord-327278-2n9eo1n8 88 34 the the DT cord-327278-2n9eo1n8 88 35 parameters parameter NNS cord-327278-2n9eo1n8 88 36 of of IN cord-327278-2n9eo1n8 88 37 a a DT cord-327278-2n9eo1n8 88 38 Beta beta JJ cord-327278-2n9eo1n8 88 39 distribution distribution NN cord-327278-2n9eo1n8 88 40 to to TO cord-327278-2n9eo1n8 88 41 be be VB cord-327278-2n9eo1n8 88 42 calculated calculate VBN cord-327278-2n9eo1n8 88 43 for for IN cord-327278-2n9eo1n8 88 44 the the DT cord-327278-2n9eo1n8 88 45 hourly hourly JJ cord-327278-2n9eo1n8 88 46 price price NN cord-327278-2n9eo1n8 88 47 variable variable NN cord-327278-2n9eo1n8 88 48 . . . cord-327278-2n9eo1n8 89 1 De De NNP cord-327278-2n9eo1n8 89 2 Marcos Marcos NNP cord-327278-2n9eo1n8 89 3 et et NNP cord-327278-2n9eo1n8 89 4 al al NNP cord-327278-2n9eo1n8 89 5 . . . cord-327278-2n9eo1n8 90 1 [ [ -LRB- cord-327278-2n9eo1n8 90 2 28 28 CD cord-327278-2n9eo1n8 90 3 ] ] -RRB- cord-327278-2n9eo1n8 90 4 proposed propose VBD cord-327278-2n9eo1n8 90 5 a a DT cord-327278-2n9eo1n8 90 6 short short JJ cord-327278-2n9eo1n8 90 7 - - HYPH cord-327278-2n9eo1n8 90 8 term term NN cord-327278-2n9eo1n8 90 9 hybrid hybrid JJ cord-327278-2n9eo1n8 90 10 electricity electricity NN cord-327278-2n9eo1n8 90 11 price price NN cord-327278-2n9eo1n8 90 12 forecasting forecasting NN cord-327278-2n9eo1n8 90 13 model model NN cord-327278-2n9eo1n8 90 14 combining combine VBG cord-327278-2n9eo1n8 90 15 a a DT cord-327278-2n9eo1n8 90 16 cost cost NN cord-327278-2n9eo1n8 90 17 - - HYPH cord-327278-2n9eo1n8 90 18 production production NN cord-327278-2n9eo1n8 90 19 optimization optimization NN cord-327278-2n9eo1n8 90 20 model model NN cord-327278-2n9eo1n8 90 21 with with IN cord-327278-2n9eo1n8 90 22 an an DT cord-327278-2n9eo1n8 90 23 econometric econometric JJ cord-327278-2n9eo1n8 90 24 neural neural JJ cord-327278-2n9eo1n8 90 25 network network NN cord-327278-2n9eo1n8 90 26 model model NN cord-327278-2n9eo1n8 90 27 . . . cord-327278-2n9eo1n8 91 1 Manner manner NN cord-327278-2n9eo1n8 91 2 et et NNP cord-327278-2n9eo1n8 91 3 al al NNP cord-327278-2n9eo1n8 91 4 . . . cord-327278-2n9eo1n8 92 1 [ [ -LRB- cord-327278-2n9eo1n8 92 2 29 29 CD cord-327278-2n9eo1n8 92 3 ] ] -RRB- cord-327278-2n9eo1n8 92 4 proposed propose VBD cord-327278-2n9eo1n8 92 5 a a DT cord-327278-2n9eo1n8 92 6 dynamic dynamic JJ cord-327278-2n9eo1n8 92 7 multivariate multivariate JJ cord-327278-2n9eo1n8 92 8 binary binary JJ cord-327278-2n9eo1n8 92 9 choice choice NN cord-327278-2n9eo1n8 92 10 model model NN cord-327278-2n9eo1n8 92 11 , , , cord-327278-2n9eo1n8 92 12 following follow VBG cord-327278-2n9eo1n8 92 13 a a DT cord-327278-2n9eo1n8 92 14 vector vector NN cord-327278-2n9eo1n8 92 15 autoregressive autoregressive NN cord-327278-2n9eo1n8 92 16 ( ( -LRB- cord-327278-2n9eo1n8 92 17 VAR VAR NNP cord-327278-2n9eo1n8 92 18 ) ) -RRB- cord-327278-2n9eo1n8 92 19 process process NN cord-327278-2n9eo1n8 92 20 . . . cord-327278-2n9eo1n8 93 1 Finally finally RB cord-327278-2n9eo1n8 93 2 , , , cord-327278-2n9eo1n8 93 3 Lago Lago NNP cord-327278-2n9eo1n8 93 4 et et NNP cord-327278-2n9eo1n8 93 5 al al NNP cord-327278-2n9eo1n8 93 6 . . . cord-327278-2n9eo1n8 94 1 [ [ -LRB- cord-327278-2n9eo1n8 94 2 30 30 CD cord-327278-2n9eo1n8 94 3 ] ] -RRB- cord-327278-2n9eo1n8 94 4 used use VBN cord-327278-2n9eo1n8 94 5 deep deep JJ cord-327278-2n9eo1n8 94 6 learning learn VBG cord-327278-2n9eo1n8 94 7 algorithms algorithm NNS cord-327278-2n9eo1n8 94 8 with with IN cord-327278-2n9eo1n8 94 9 neural neural JJ cord-327278-2n9eo1n8 94 10 networks network NNS cord-327278-2n9eo1n8 94 11 , , , cord-327278-2n9eo1n8 94 12 and and CC cord-327278-2n9eo1n8 94 13 in in IN cord-327278-2n9eo1n8 94 14 Lago Lago NNP cord-327278-2n9eo1n8 94 15 et et NNP cord-327278-2n9eo1n8 94 16 al al NNP cord-327278-2n9eo1n8 94 17 . . . cord-327278-2n9eo1n8 95 1 [ [ -LRB- cord-327278-2n9eo1n8 95 2 31 31 CD cord-327278-2n9eo1n8 95 3 ] ] -RRB- cord-327278-2n9eo1n8 95 4 they -PRON- PRP cord-327278-2n9eo1n8 95 5 improved improve VBD cord-327278-2n9eo1n8 95 6 the the DT cord-327278-2n9eo1n8 95 7 model model NN cord-327278-2n9eo1n8 95 8 results result NNS cord-327278-2n9eo1n8 95 9 associating associate VBG cord-327278-2n9eo1n8 95 10 this this DT cord-327278-2n9eo1n8 95 11 specific specific JJ cord-327278-2n9eo1n8 95 12 focus focus NN cord-327278-2n9eo1n8 95 13 with with IN cord-327278-2n9eo1n8 95 14 market market NN cord-327278-2n9eo1n8 95 15 integration integration NN cord-327278-2n9eo1n8 95 16 . . . cord-327278-2n9eo1n8 96 1 Finally finally RB cord-327278-2n9eo1n8 96 2 , , , cord-327278-2n9eo1n8 96 3 regarding regard VBG cord-327278-2n9eo1n8 96 4 the the DT cord-327278-2n9eo1n8 96 5 specific specific JJ cord-327278-2n9eo1n8 96 6 usage usage NN cord-327278-2n9eo1n8 96 7 of of IN cord-327278-2n9eo1n8 96 8 fractional fractional JJ cord-327278-2n9eo1n8 96 9 integration integration NN cord-327278-2n9eo1n8 96 10 in in IN cord-327278-2n9eo1n8 96 11 the the DT cord-327278-2n9eo1n8 96 12 context context NN cord-327278-2n9eo1n8 96 13 of of IN cord-327278-2n9eo1n8 96 14 energy energy NN cord-327278-2n9eo1n8 96 15 , , , cord-327278-2n9eo1n8 96 16 there there EX cord-327278-2n9eo1n8 96 17 are be VBP cord-327278-2n9eo1n8 96 18 some some DT cord-327278-2n9eo1n8 96 19 studies study NNS cord-327278-2n9eo1n8 96 20 that that WDT cord-327278-2n9eo1n8 96 21 have have VBP cord-327278-2n9eo1n8 96 22 used use VBN cord-327278-2n9eo1n8 96 23 this this DT cord-327278-2n9eo1n8 96 24 methodology methodology NN cord-327278-2n9eo1n8 96 25 , , , cord-327278-2n9eo1n8 96 26 including include VBG cord-327278-2n9eo1n8 96 27 the the DT cord-327278-2n9eo1n8 96 28 contributions contribution NNS cord-327278-2n9eo1n8 96 29 of of IN cord-327278-2n9eo1n8 96 30 Elder Elder NNP cord-327278-2n9eo1n8 96 31 and and CC cord-327278-2n9eo1n8 96 32 Serletis Serletis NNP cord-327278-2n9eo1n8 96 33 [ [ -LRB- cord-327278-2n9eo1n8 96 34 32 32 CD cord-327278-2n9eo1n8 96 35 ] ] -RRB- cord-327278-2n9eo1n8 96 36 regarding regard VBG cord-327278-2n9eo1n8 96 37 energy energy NN cord-327278-2n9eo1n8 96 38 future future JJ cord-327278-2n9eo1n8 96 39 prices price NNS cord-327278-2n9eo1n8 96 40 , , , cord-327278-2n9eo1n8 96 41 Barros Barros NNP cord-327278-2n9eo1n8 96 42 et et NNP cord-327278-2n9eo1n8 96 43 al al NNP cord-327278-2n9eo1n8 96 44 . . . cord-327278-2n9eo1n8 97 1 [ [ -LRB- cord-327278-2n9eo1n8 97 2 33 33 CD cord-327278-2n9eo1n8 97 3 ] ] -RRB- cord-327278-2n9eo1n8 97 4 focusing focus VBG cord-327278-2n9eo1n8 97 5 on on IN cord-327278-2n9eo1n8 97 6 U.S. U.S. NNP cord-327278-2n9eo1n8 97 7 renewable renewable JJ cord-327278-2n9eo1n8 97 8 energy energy NN cord-327278-2n9eo1n8 97 9 consumption consumption NN cord-327278-2n9eo1n8 97 10 , , , cord-327278-2n9eo1n8 97 11 Weron Weron NNP cord-327278-2n9eo1n8 97 12 [ [ -LRB- cord-327278-2n9eo1n8 97 13 20 20 CD cord-327278-2n9eo1n8 97 14 , , , cord-327278-2n9eo1n8 97 15 34 34 CD cord-327278-2n9eo1n8 97 16 ] ] -RRB- cord-327278-2n9eo1n8 97 17 and and CC cord-327278-2n9eo1n8 97 18 Gil Gil NNP cord-327278-2n9eo1n8 97 19 - - HYPH cord-327278-2n9eo1n8 97 20 Alana Alana NNP cord-327278-2n9eo1n8 97 21 et et NNP cord-327278-2n9eo1n8 97 22 al al NNP cord-327278-2n9eo1n8 97 23 . . . cord-327278-2n9eo1n8 98 1 [ [ -LRB- cord-327278-2n9eo1n8 98 2 35 35 CD cord-327278-2n9eo1n8 98 3 ] ] -RRB- cord-327278-2n9eo1n8 98 4 in in IN cord-327278-2n9eo1n8 98 5 the the DT cord-327278-2n9eo1n8 98 6 field field NN cord-327278-2n9eo1n8 98 7 of of IN cord-327278-2n9eo1n8 98 8 electricity electricity NN cord-327278-2n9eo1n8 98 9 prices price NNS cord-327278-2n9eo1n8 98 10 , , , cord-327278-2n9eo1n8 98 11 and and CC cord-327278-2n9eo1n8 98 12 Barros Barros NNP cord-327278-2n9eo1n8 98 13 et et NNP cord-327278-2n9eo1n8 98 14 al al NNP cord-327278-2n9eo1n8 98 15 . . . cord-327278-2n9eo1n8 99 1 [ [ -LRB- cord-327278-2n9eo1n8 99 2 36 36 CD cord-327278-2n9eo1n8 99 3 ] ] -RRB- cord-327278-2n9eo1n8 99 4 on on IN cord-327278-2n9eo1n8 99 5 energy energy NN cord-327278-2n9eo1n8 99 6 prices price NNS cord-327278-2n9eo1n8 99 7 . . . cord-327278-2n9eo1n8 100 1 This this DT cord-327278-2n9eo1n8 100 2 section section NN cord-327278-2n9eo1n8 100 3 focuses focus VBZ cord-327278-2n9eo1n8 100 4 on on IN cord-327278-2n9eo1n8 100 5 the the DT cord-327278-2n9eo1n8 100 6 cases case NNS cord-327278-2n9eo1n8 100 7 of of IN cord-327278-2n9eo1n8 100 8 Spain Spain NNP cord-327278-2n9eo1n8 100 9 and and CC cord-327278-2n9eo1n8 100 10 Portugal Portugal NNP cord-327278-2n9eo1n8 100 11 . . . cord-327278-2n9eo1n8 101 1 To to TO cord-327278-2n9eo1n8 101 2 understand understand VB cord-327278-2n9eo1n8 101 3 the the DT cord-327278-2n9eo1n8 101 4 specific specific JJ cord-327278-2n9eo1n8 101 5 Iberian iberian JJ cord-327278-2n9eo1n8 101 6 business business NN cord-327278-2n9eo1n8 101 7 case case NN cord-327278-2n9eo1n8 101 8 , , , cord-327278-2n9eo1n8 101 9 an an DT cord-327278-2n9eo1n8 101 10 interesting interesting JJ cord-327278-2n9eo1n8 101 11 analysis analysis NN cord-327278-2n9eo1n8 101 12 of of IN cord-327278-2n9eo1n8 101 13 the the DT cord-327278-2n9eo1n8 101 14 Spanish spanish JJ cord-327278-2n9eo1n8 101 15 market market NN cord-327278-2n9eo1n8 101 16 can can MD cord-327278-2n9eo1n8 101 17 be be VB cord-327278-2n9eo1n8 101 18 found find VBN cord-327278-2n9eo1n8 101 19 in in IN cord-327278-2n9eo1n8 101 20 Duarte Duarte NNP cord-327278-2n9eo1n8 101 21 et et NNP cord-327278-2n9eo1n8 101 22 al al NNP cord-327278-2n9eo1n8 101 23 . . . cord-327278-2n9eo1n8 102 1 [ [ -LRB- cord-327278-2n9eo1n8 102 2 4 4 LS cord-327278-2n9eo1n8 102 3 ] ] -RRB- cord-327278-2n9eo1n8 102 4 focusing focus VBG cord-327278-2n9eo1n8 102 5 in in IN cord-327278-2n9eo1n8 102 6 the the DT cord-327278-2n9eo1n8 102 7 specific specific JJ cord-327278-2n9eo1n8 102 8 disaggregation disaggregation NN cord-327278-2n9eo1n8 102 9 of of IN cord-327278-2n9eo1n8 102 10 the the DT cord-327278-2n9eo1n8 102 11 electricity electricity NN cord-327278-2n9eo1n8 102 12 industry industry NN cord-327278-2n9eo1n8 102 13 into into IN cord-327278-2n9eo1n8 102 14 the the DT cord-327278-2n9eo1n8 102 15 generating generating NN cord-327278-2n9eo1n8 102 16 , , , cord-327278-2n9eo1n8 102 17 transmission transmission NN cord-327278-2n9eo1n8 102 18 , , , cord-327278-2n9eo1n8 102 19 distribution distribution NN cord-327278-2n9eo1n8 102 20 and and CC cord-327278-2n9eo1n8 102 21 marketing marketing NN cord-327278-2n9eo1n8 102 22 businesses business NNS cord-327278-2n9eo1n8 102 23 , , , cord-327278-2n9eo1n8 102 24 which which WDT cord-327278-2n9eo1n8 102 25 were be VBD cord-327278-2n9eo1n8 102 26 decoupled decouple VBN cord-327278-2n9eo1n8 102 27 in in IN cord-327278-2n9eo1n8 102 28 1997 1997 CD cord-327278-2n9eo1n8 102 29 under under IN cord-327278-2n9eo1n8 102 30 legislation legislation NN cord-327278-2n9eo1n8 102 31 prohibiting prohibit VBG cord-327278-2n9eo1n8 102 32 any any DT cord-327278-2n9eo1n8 102 33 single single JJ cord-327278-2n9eo1n8 102 34 company company NN cord-327278-2n9eo1n8 102 35 from from IN cord-327278-2n9eo1n8 102 36 conducting conduct VBG cord-327278-2n9eo1n8 102 37 more more JJR cord-327278-2n9eo1n8 102 38 than than IN cord-327278-2n9eo1n8 102 39 one one CD cord-327278-2n9eo1n8 102 40 of of IN cord-327278-2n9eo1n8 102 41 these these DT cord-327278-2n9eo1n8 102 42 businesses business NNS cord-327278-2n9eo1n8 102 43 . . . cord-327278-2n9eo1n8 103 1 Conventional conventional JJ cord-327278-2n9eo1n8 103 2 thermal thermal JJ cord-327278-2n9eo1n8 103 3 and and CC cord-327278-2n9eo1n8 103 4 hydropower hydropower NN cord-327278-2n9eo1n8 103 5 generating generating NN cord-327278-2n9eo1n8 103 6 together together RB cord-327278-2n9eo1n8 103 7 make make VB cord-327278-2n9eo1n8 103 8 up up RP cord-327278-2n9eo1n8 103 9 more more JJR cord-327278-2n9eo1n8 103 10 than than IN cord-327278-2n9eo1n8 103 11 50 50 CD cord-327278-2n9eo1n8 103 12 % % NN cord-327278-2n9eo1n8 103 13 of of IN cord-327278-2n9eo1n8 103 14 total total JJ cord-327278-2n9eo1n8 103 15 output output NN cord-327278-2n9eo1n8 103 16 , , , cord-327278-2n9eo1n8 103 17 wind wind NN cord-327278-2n9eo1n8 103 18 power power NN cord-327278-2n9eo1n8 103 19 produces produce VBZ cord-327278-2n9eo1n8 103 20 19 19 CD cord-327278-2n9eo1n8 103 21 % % NN cord-327278-2n9eo1n8 103 22 and and CC cord-327278-2n9eo1n8 103 23 nuclear nuclear JJ cord-327278-2n9eo1n8 103 24 power power NN cord-327278-2n9eo1n8 103 25 accounts account NNS cord-327278-2n9eo1n8 103 26 for for IN cord-327278-2n9eo1n8 103 27 only only RB cord-327278-2n9eo1n8 103 28 7 7 CD cord-327278-2n9eo1n8 103 29 % % NN cord-327278-2n9eo1n8 103 30 where where WRB cord-327278-2n9eo1n8 103 31 almost almost RB cord-327278-2n9eo1n8 103 32 all all DT cord-327278-2n9eo1n8 103 33 demand demand NN cord-327278-2n9eo1n8 103 34 is be VBZ cord-327278-2n9eo1n8 103 35 covered cover VBN cord-327278-2n9eo1n8 103 36 by by IN cord-327278-2n9eo1n8 103 37 domestic domestic JJ cord-327278-2n9eo1n8 103 38 production production NN cord-327278-2n9eo1n8 103 39 . . . cord-327278-2n9eo1n8 104 1 The the DT cord-327278-2n9eo1n8 104 2 main main JJ cord-327278-2n9eo1n8 104 3 issues issue NNS cord-327278-2n9eo1n8 104 4 to to TO cord-327278-2n9eo1n8 104 5 be be VB cord-327278-2n9eo1n8 104 6 resolved resolve VBN cord-327278-2n9eo1n8 104 7 in in IN cord-327278-2n9eo1n8 104 8 the the DT cord-327278-2n9eo1n8 104 9 Spanish spanish JJ cord-327278-2n9eo1n8 104 10 market market NN cord-327278-2n9eo1n8 104 11 concern concern NN cord-327278-2n9eo1n8 104 12 the the DT cord-327278-2n9eo1n8 104 13 scant scant JJ cord-327278-2n9eo1n8 104 14 competition competition NN cord-327278-2n9eo1n8 104 15 , , , cord-327278-2n9eo1n8 104 16 the the DT cord-327278-2n9eo1n8 104 17 tariff tariff NN cord-327278-2n9eo1n8 104 18 deficit deficit NN cord-327278-2n9eo1n8 104 19 , , , cord-327278-2n9eo1n8 104 20 faulty faulty JJ cord-327278-2n9eo1n8 104 21 tariff tariff NN cord-327278-2n9eo1n8 104 22 design design NN cord-327278-2n9eo1n8 104 23 , , , cord-327278-2n9eo1n8 104 24 a a DT cord-327278-2n9eo1n8 104 25 raft raft NN cord-327278-2n9eo1n8 104 26 of of IN cord-327278-2n9eo1n8 104 27 uncertainties uncertainty NNS cord-327278-2n9eo1n8 104 28 , , , cord-327278-2n9eo1n8 104 29 potential potential JJ cord-327278-2n9eo1n8 104 30 market market NN cord-327278-2n9eo1n8 104 31 integration integration NN cord-327278-2n9eo1n8 104 32 and and CC cord-327278-2n9eo1n8 104 33 the the DT cord-327278-2n9eo1n8 104 34 introduction introduction NN cord-327278-2n9eo1n8 104 35 of of IN cord-327278-2n9eo1n8 104 36 new new JJ cord-327278-2n9eo1n8 104 37 technologies technology NNS cord-327278-2n9eo1n8 104 38 . . . cord-327278-2n9eo1n8 105 1 In in IN cord-327278-2n9eo1n8 105 2 the the DT cord-327278-2n9eo1n8 105 3 Portuguese portuguese JJ cord-327278-2n9eo1n8 105 4 market market NN cord-327278-2n9eo1n8 105 5 , , , cord-327278-2n9eo1n8 105 6 Amorim Amorim NNP cord-327278-2n9eo1n8 105 7 et et NNP cord-327278-2n9eo1n8 105 8 al al NNP cord-327278-2n9eo1n8 105 9 . . . cord-327278-2n9eo1n8 106 1 [ [ -LRB- cord-327278-2n9eo1n8 106 2 5 5 LS cord-327278-2n9eo1n8 106 3 ] ] -RRB- cord-327278-2n9eo1n8 106 4 indicate indicate VBP cord-327278-2n9eo1n8 106 5 that that IN cord-327278-2n9eo1n8 106 6 the the DT cord-327278-2n9eo1n8 106 7 two two CD cord-327278-2n9eo1n8 106 8 main main JJ cord-327278-2n9eo1n8 106 9 issues issue NNS cord-327278-2n9eo1n8 106 10 to to TO cord-327278-2n9eo1n8 106 11 address address VB cord-327278-2n9eo1n8 106 12 are be VBP cord-327278-2n9eo1n8 106 13 that that DT cord-327278-2n9eo1n8 106 14 of of IN cord-327278-2n9eo1n8 106 15 fulfilling fulfil VBG cord-327278-2n9eo1n8 106 16 balancing balancing NN cord-327278-2n9eo1n8 106 17 mechanisms mechanism NNS cord-327278-2n9eo1n8 106 18 to to TO cord-327278-2n9eo1n8 106 19 be be VB cord-327278-2n9eo1n8 106 20 able able JJ cord-327278-2n9eo1n8 106 21 to to TO cord-327278-2n9eo1n8 106 22 manage manage VB cord-327278-2n9eo1n8 106 23 more more JJR cord-327278-2n9eo1n8 106 24 than than IN cord-327278-2n9eo1n8 106 25 50 50 CD cord-327278-2n9eo1n8 106 26 % % NN cord-327278-2n9eo1n8 106 27 of of IN cord-327278-2n9eo1n8 106 28 renewable renewable JJ cord-327278-2n9eo1n8 106 29 energy energy NN cord-327278-2n9eo1n8 106 30 sources source NNS cord-327278-2n9eo1n8 106 31 and and CC cord-327278-2n9eo1n8 106 32 the the DT cord-327278-2n9eo1n8 106 33 capacity capacity NN cord-327278-2n9eo1n8 106 34 incentives incentive NNS cord-327278-2n9eo1n8 106 35 to to TO cord-327278-2n9eo1n8 106 36 allow allow VB cord-327278-2n9eo1n8 106 37 new new JJ cord-327278-2n9eo1n8 106 38 investments investment NNS cord-327278-2n9eo1n8 106 39 . . . cord-327278-2n9eo1n8 107 1 In in IN cord-327278-2n9eo1n8 107 2 this this DT cord-327278-2n9eo1n8 107 3 line line NN cord-327278-2n9eo1n8 107 4 , , , cord-327278-2n9eo1n8 107 5 as as IN cord-327278-2n9eo1n8 107 6 in in IN cord-327278-2n9eo1n8 107 7 Portugal Portugal NNP cord-327278-2n9eo1n8 107 8 there there EX cord-327278-2n9eo1n8 107 9 is be VBZ cord-327278-2n9eo1n8 107 10 a a DT cord-327278-2n9eo1n8 107 11 commitment commitment NN cord-327278-2n9eo1n8 107 12 for for IN cord-327278-2n9eo1n8 107 13 the the DT cord-327278-2n9eo1n8 107 14 renewable renewable JJ cord-327278-2n9eo1n8 107 15 electricity electricity NN cord-327278-2n9eo1n8 107 16 share share NN cord-327278-2n9eo1n8 107 17 to to TO cord-327278-2n9eo1n8 107 18 reach reach VB cord-327278-2n9eo1n8 107 19 60 60 CD cord-327278-2n9eo1n8 107 20 % % NN cord-327278-2n9eo1n8 107 21 by by IN cord-327278-2n9eo1n8 107 22 2020 2020 CD cord-327278-2n9eo1n8 107 23 . . . cord-327278-2n9eo1n8 108 1 Several several JJ cord-327278-2n9eo1n8 108 2 authors author NNS cord-327278-2n9eo1n8 108 3 have have VBP cord-327278-2n9eo1n8 108 4 worked work VBN cord-327278-2n9eo1n8 108 5 in in IN cord-327278-2n9eo1n8 108 6 this this DT cord-327278-2n9eo1n8 108 7 industry industry NN cord-327278-2n9eo1n8 108 8 green green JJ cord-327278-2n9eo1n8 108 9 - - HYPH cord-327278-2n9eo1n8 108 10 renewal renewal NN cord-327278-2n9eo1n8 108 11 process process NN cord-327278-2n9eo1n8 108 12 . . . cord-327278-2n9eo1n8 109 1 Figueiredo Figueiredo NNP cord-327278-2n9eo1n8 109 2 et et FW cord-327278-2n9eo1n8 109 3 al al NNP cord-327278-2n9eo1n8 109 4 . . . cord-327278-2n9eo1n8 110 1 [ [ -LRB- cord-327278-2n9eo1n8 110 2 37 37 CD cord-327278-2n9eo1n8 110 3 ] ] -RRB- cord-327278-2n9eo1n8 110 4 explain explain VB cord-327278-2n9eo1n8 110 5 the the DT cord-327278-2n9eo1n8 110 6 issues issue NNS cord-327278-2n9eo1n8 110 7 around around IN cord-327278-2n9eo1n8 110 8 replacing replace VBG cord-327278-2n9eo1n8 110 9 traditional traditional JJ cord-327278-2n9eo1n8 110 10 coal coal NN cord-327278-2n9eo1n8 110 11 - - HYPH cord-327278-2n9eo1n8 110 12 based base VBN cord-327278-2n9eo1n8 110 13 power power NN cord-327278-2n9eo1n8 110 14 plants plant NNS cord-327278-2n9eo1n8 110 15 with with IN cord-327278-2n9eo1n8 110 16 photovoltaics photovoltaic NNS cord-327278-2n9eo1n8 110 17 , , , cord-327278-2n9eo1n8 110 18 while while IN cord-327278-2n9eo1n8 110 19 Pereira Pereira NNP cord-327278-2n9eo1n8 110 20 and and CC cord-327278-2n9eo1n8 110 21 Saraiva Saraiva NNP cord-327278-2n9eo1n8 110 22 [ [ -LRB- cord-327278-2n9eo1n8 110 23 38 38 CD cord-327278-2n9eo1n8 110 24 ] ] -RRB- cord-327278-2n9eo1n8 110 25 explain explain VB cord-327278-2n9eo1n8 110 26 the the DT cord-327278-2n9eo1n8 110 27 implications implication NNS cord-327278-2n9eo1n8 110 28 of of IN cord-327278-2n9eo1n8 110 29 the the DT cord-327278-2n9eo1n8 110 30 penetration penetration NN cord-327278-2n9eo1n8 110 31 of of IN cord-327278-2n9eo1n8 110 32 wind wind NN cord-327278-2n9eo1n8 110 33 power power NN cord-327278-2n9eo1n8 110 34 , , , cord-327278-2n9eo1n8 110 35 since since IN cord-327278-2n9eo1n8 110 36 this this DT cord-327278-2n9eo1n8 110 37 process process NN cord-327278-2n9eo1n8 110 38 is be VBZ cord-327278-2n9eo1n8 110 39 putting put VBG cord-327278-2n9eo1n8 110 40 the the DT cord-327278-2n9eo1n8 110 41 profitability profitability NN cord-327278-2n9eo1n8 110 42 of of IN cord-327278-2n9eo1n8 110 43 traditional traditional JJ cord-327278-2n9eo1n8 110 44 stations station NNS cord-327278-2n9eo1n8 110 45 under under IN cord-327278-2n9eo1n8 110 46 pressure pressure NN cord-327278-2n9eo1n8 110 47 . . . cord-327278-2n9eo1n8 111 1 Distributional distributional JJ cord-327278-2n9eo1n8 111 2 costs cost NNS cord-327278-2n9eo1n8 111 3 of of IN cord-327278-2n9eo1n8 111 4 wind wind NN cord-327278-2n9eo1n8 111 5 energy energy NN cord-327278-2n9eo1n8 111 6 production production NN cord-327278-2n9eo1n8 111 7 in in IN cord-327278-2n9eo1n8 111 8 Portugal Portugal NNP cord-327278-2n9eo1n8 111 9 under under IN cord-327278-2n9eo1n8 111 10 the the DT cord-327278-2n9eo1n8 111 11 liberalized liberalize VBN cord-327278-2n9eo1n8 111 12 Iberian iberian JJ cord-327278-2n9eo1n8 111 13 market market NN cord-327278-2n9eo1n8 111 14 regime regime NN cord-327278-2n9eo1n8 111 15 can can MD cord-327278-2n9eo1n8 111 16 be be VB cord-327278-2n9eo1n8 111 17 found find VBN cord-327278-2n9eo1n8 111 18 in in IN cord-327278-2n9eo1n8 111 19 Prata Prata NNP cord-327278-2n9eo1n8 111 20 et et NNP cord-327278-2n9eo1n8 111 21 al al NNP cord-327278-2n9eo1n8 111 22 . . . cord-327278-2n9eo1n8 112 1 [ [ -LRB- cord-327278-2n9eo1n8 112 2 39 39 CD cord-327278-2n9eo1n8 112 3 ] ] -RRB- cord-327278-2n9eo1n8 112 4 . . . cord-327278-2n9eo1n8 113 1 Another another DT cord-327278-2n9eo1n8 113 2 issue issue NN cord-327278-2n9eo1n8 113 3 in in IN cord-327278-2n9eo1n8 113 4 the the DT cord-327278-2n9eo1n8 113 5 Iberian iberian JJ cord-327278-2n9eo1n8 113 6 market market NN cord-327278-2n9eo1n8 113 7 is be VBZ cord-327278-2n9eo1n8 113 8 the the DT cord-327278-2n9eo1n8 113 9 interconnection interconnection NN cord-327278-2n9eo1n8 113 10 needs need NNS cord-327278-2n9eo1n8 113 11 between between IN cord-327278-2n9eo1n8 113 12 different different JJ cord-327278-2n9eo1n8 113 13 countries country NNS cord-327278-2n9eo1n8 113 14 . . . cord-327278-2n9eo1n8 114 1 As as IN cord-327278-2n9eo1n8 114 2 explained explain VBN cord-327278-2n9eo1n8 114 3 by by IN cord-327278-2n9eo1n8 114 4 Rubino Rubino NNP cord-327278-2n9eo1n8 114 5 and and CC cord-327278-2n9eo1n8 114 6 Como Como NNP cord-327278-2n9eo1n8 114 7 [ [ -LRB- cord-327278-2n9eo1n8 114 8 40 40 CD cord-327278-2n9eo1n8 114 9 ] ] -RRB- cord-327278-2n9eo1n8 114 10 ; ; : cord-327278-2n9eo1n8 114 11 current current JJ cord-327278-2n9eo1n8 114 12 EU EU NNP cord-327278-2n9eo1n8 114 13 energy energy NN cord-327278-2n9eo1n8 114 14 policy policy NN cord-327278-2n9eo1n8 114 15 calls call VBZ cord-327278-2n9eo1n8 114 16 for for IN cord-327278-2n9eo1n8 114 17 a a DT cord-327278-2n9eo1n8 114 18 well well RB cord-327278-2n9eo1n8 114 19 - - HYPH cord-327278-2n9eo1n8 114 20 integrated integrate VBN cord-327278-2n9eo1n8 114 21 internal internal JJ cord-327278-2n9eo1n8 114 22 energy energy NN cord-327278-2n9eo1n8 114 23 market market NN cord-327278-2n9eo1n8 114 24 by by IN cord-327278-2n9eo1n8 114 25 2020 2020 CD cord-327278-2n9eo1n8 114 26 achieving achieve VBG cord-327278-2n9eo1n8 114 27 interconnection interconnection NN cord-327278-2n9eo1n8 114 28 of of IN cord-327278-2n9eo1n8 114 29 at at RB cord-327278-2n9eo1n8 114 30 least least RBS cord-327278-2n9eo1n8 114 31 10 10 CD cord-327278-2n9eo1n8 114 32 % % NN cord-327278-2n9eo1n8 114 33 of of IN cord-327278-2n9eo1n8 114 34 the the DT cord-327278-2n9eo1n8 114 35 installed instal VBN cord-327278-2n9eo1n8 114 36 electricity electricity NN cord-327278-2n9eo1n8 114 37 production production NN cord-327278-2n9eo1n8 114 38 capacity capacity NN cord-327278-2n9eo1n8 114 39 for for IN cord-327278-2n9eo1n8 114 40 all all DT cord-327278-2n9eo1n8 114 41 EU EU NNP cord-327278-2n9eo1n8 114 42 member member NN cord-327278-2n9eo1n8 114 43 states state NNS cord-327278-2n9eo1n8 114 44 , , , cord-327278-2n9eo1n8 114 45 with with IN cord-327278-2n9eo1n8 114 46 a a DT cord-327278-2n9eo1n8 114 47 15 15 CD cord-327278-2n9eo1n8 114 48 % % NN cord-327278-2n9eo1n8 114 49 target target NN cord-327278-2n9eo1n8 114 50 in in IN cord-327278-2n9eo1n8 114 51 2030 2030 CD cord-327278-2n9eo1n8 114 52 . . . cord-327278-2n9eo1n8 115 1 Figueiredo Figueiredo NNP cord-327278-2n9eo1n8 115 2 et et FW cord-327278-2n9eo1n8 115 3 al al NNP cord-327278-2n9eo1n8 115 4 . . . cord-327278-2n9eo1n8 116 1 [ [ -LRB- cord-327278-2n9eo1n8 116 2 41 41 CD cord-327278-2n9eo1n8 116 3 ] ] -RRB- cord-327278-2n9eo1n8 116 4 track track VBP cord-327278-2n9eo1n8 116 5 the the DT cord-327278-2n9eo1n8 116 6 Iberian iberian JJ cord-327278-2n9eo1n8 116 7 case case NN cord-327278-2n9eo1n8 116 8 , , , cord-327278-2n9eo1n8 116 9 showing show VBG cord-327278-2n9eo1n8 116 10 that that IN cord-327278-2n9eo1n8 116 11 Iberia Iberia NNP cord-327278-2n9eo1n8 116 12 has have VBZ cord-327278-2n9eo1n8 116 13 already already RB cord-327278-2n9eo1n8 116 14 surpassed surpass VBN cord-327278-2n9eo1n8 116 15 this this DT cord-327278-2n9eo1n8 116 16 value value NN cord-327278-2n9eo1n8 116 17 reaching reach VBG cord-327278-2n9eo1n8 116 18 25.6 25.6 CD cord-327278-2n9eo1n8 116 19 % % NN cord-327278-2n9eo1n8 116 20 and and CC cord-327278-2n9eo1n8 116 21 is be VBZ cord-327278-2n9eo1n8 116 22 aiming aim VBG cord-327278-2n9eo1n8 116 23 to to TO cord-327278-2n9eo1n8 116 24 achieve achieve VB cord-327278-2n9eo1n8 116 25 3000 3000 CD cord-327278-2n9eo1n8 116 26 MW mw NN cord-327278-2n9eo1n8 116 27 in in IN cord-327278-2n9eo1n8 116 28 the the DT cord-327278-2n9eo1n8 116 29 near near JJ cord-327278-2n9eo1n8 116 30 future future NN cord-327278-2n9eo1n8 116 31 , , , cord-327278-2n9eo1n8 116 32 which which WDT cord-327278-2n9eo1n8 116 33 will will MD cord-327278-2n9eo1n8 116 34 represent represent VB cord-327278-2n9eo1n8 116 35 32 32 CD cord-327278-2n9eo1n8 116 36 % % NN cord-327278-2n9eo1n8 116 37 of of IN cord-327278-2n9eo1n8 116 38 the the DT cord-327278-2n9eo1n8 116 39 maximum maximum JJ cord-327278-2n9eo1n8 116 40 demand demand NN cord-327278-2n9eo1n8 116 41 considered consider VBN cord-327278-2n9eo1n8 116 42 in in IN cord-327278-2n9eo1n8 116 43 this this DT cord-327278-2n9eo1n8 116 44 study study NN cord-327278-2n9eo1n8 116 45 . . . cord-327278-2n9eo1n8 117 1 An an DT cord-327278-2n9eo1n8 117 2 adequate adequate JJ cord-327278-2n9eo1n8 117 3 cross cross JJ cord-327278-2n9eo1n8 117 4 - - JJ cord-327278-2n9eo1n8 117 5 border border JJ cord-327278-2n9eo1n8 117 6 interconnection interconnection NN cord-327278-2n9eo1n8 117 7 capacity capacity NN cord-327278-2n9eo1n8 117 8 should should MD cord-327278-2n9eo1n8 117 9 avoid avoid VB cord-327278-2n9eo1n8 117 10 the the DT cord-327278-2n9eo1n8 117 11 internal internal JJ cord-327278-2n9eo1n8 117 12 development development NN cord-327278-2n9eo1n8 117 13 of of IN cord-327278-2n9eo1n8 117 14 dispatchable dispatchable JJ cord-327278-2n9eo1n8 117 15 reserve reserve NN cord-327278-2n9eo1n8 117 16 capacity capacity NN cord-327278-2n9eo1n8 117 17 , , , cord-327278-2n9eo1n8 117 18 helping help VBG cord-327278-2n9eo1n8 117 19 balancing balancing NN cord-327278-2n9eo1n8 117 20 and and CC cord-327278-2n9eo1n8 117 21 grid grid NN cord-327278-2n9eo1n8 117 22 security security NN cord-327278-2n9eo1n8 117 23 purposes purpose NNS cord-327278-2n9eo1n8 117 24 . . . cord-327278-2n9eo1n8 118 1 Several several JJ cord-327278-2n9eo1n8 118 2 studies study NNS cord-327278-2n9eo1n8 118 3 have have VBP cord-327278-2n9eo1n8 118 4 tried try VBN cord-327278-2n9eo1n8 118 5 to to TO cord-327278-2n9eo1n8 118 6 explain explain VB cord-327278-2n9eo1n8 118 7 the the DT cord-327278-2n9eo1n8 118 8 electric electric JJ cord-327278-2n9eo1n8 118 9 consumption consumption NN cord-327278-2n9eo1n8 118 10 and and CC cord-327278-2n9eo1n8 118 11 price price NN cord-327278-2n9eo1n8 118 12 evolution evolution NN cord-327278-2n9eo1n8 118 13 in in IN cord-327278-2n9eo1n8 118 14 the the DT cord-327278-2n9eo1n8 118 15 Iberian iberian JJ cord-327278-2n9eo1n8 118 16 market market NN cord-327278-2n9eo1n8 118 17 . . . cord-327278-2n9eo1n8 119 1 Ciarreta Ciarreta NNP cord-327278-2n9eo1n8 119 2 and and CC cord-327278-2n9eo1n8 119 3 Zarraga Zarraga NNP cord-327278-2n9eo1n8 119 4 [ [ -LRB- cord-327278-2n9eo1n8 119 5 42 42 CD cord-327278-2n9eo1n8 119 6 ] ] -RRB- cord-327278-2n9eo1n8 119 7 studied study VBD cord-327278-2n9eo1n8 119 8 the the DT cord-327278-2n9eo1n8 119 9 dynamic dynamic JJ cord-327278-2n9eo1n8 119 10 relationship relationship NN cord-327278-2n9eo1n8 119 11 between between IN cord-327278-2n9eo1n8 119 12 electric electric JJ cord-327278-2n9eo1n8 119 13 consumption consumption NN cord-327278-2n9eo1n8 119 14 and and CC cord-327278-2n9eo1n8 119 15 GDP GDP NNP cord-327278-2n9eo1n8 119 16 in in IN cord-327278-2n9eo1n8 119 17 Spain Spain NNP cord-327278-2n9eo1n8 119 18 for for IN cord-327278-2n9eo1n8 119 19 the the DT cord-327278-2n9eo1n8 119 20 period period NN cord-327278-2n9eo1n8 119 21 1971 1971 CD cord-327278-2n9eo1n8 119 22 to to IN cord-327278-2n9eo1n8 119 23 2005 2005 CD cord-327278-2n9eo1n8 119 24 using use VBG cord-327278-2n9eo1n8 119 25 a a DT cord-327278-2n9eo1n8 119 26 VAR var NN cord-327278-2n9eo1n8 119 27 model model NN cord-327278-2n9eo1n8 119 28 with with IN cord-327278-2n9eo1n8 119 29 differenced differenced JJ cord-327278-2n9eo1n8 119 30 series series NN cord-327278-2n9eo1n8 119 31 in in IN cord-327278-2n9eo1n8 119 32 a a DT cord-327278-2n9eo1n8 119 33 unidirectional unidirectional JJ cord-327278-2n9eo1n8 119 34 causality causality NN cord-327278-2n9eo1n8 119 35 relationship relationship NN cord-327278-2n9eo1n8 119 36 . . . cord-327278-2n9eo1n8 120 1 Their -PRON- PRP$ cord-327278-2n9eo1n8 120 2 results result NNS cord-327278-2n9eo1n8 120 3 show show VBP cord-327278-2n9eo1n8 120 4 a a DT cord-327278-2n9eo1n8 120 5 linear linear JJ cord-327278-2n9eo1n8 120 6 relationship relationship NN cord-327278-2n9eo1n8 120 7 running run VBG cord-327278-2n9eo1n8 120 8 from from IN cord-327278-2n9eo1n8 120 9 GDP GDP NNP cord-327278-2n9eo1n8 120 10 to to IN cord-327278-2n9eo1n8 120 11 electric electric JJ cord-327278-2n9eo1n8 120 12 consumption consumption NN cord-327278-2n9eo1n8 120 13 with with IN cord-327278-2n9eo1n8 120 14 no no DT cord-327278-2n9eo1n8 120 15 evidence evidence NN cord-327278-2n9eo1n8 120 16 of of IN cord-327278-2n9eo1n8 120 17 a a DT cord-327278-2n9eo1n8 120 18 non non JJ cord-327278-2n9eo1n8 120 19 - - JJ cord-327278-2n9eo1n8 120 20 linear linear JJ cord-327278-2n9eo1n8 120 21 relationship relationship NN cord-327278-2n9eo1n8 120 22 . . . cord-327278-2n9eo1n8 121 1 In in IN cord-327278-2n9eo1n8 121 2 Ciarreta Ciarreta NNP cord-327278-2n9eo1n8 121 3 and and CC cord-327278-2n9eo1n8 121 4 Zarraga Zarraga NNP cord-327278-2n9eo1n8 121 5 [ [ -LRB- cord-327278-2n9eo1n8 121 6 6 6 CD cord-327278-2n9eo1n8 121 7 ] ] -RRB- cord-327278-2n9eo1n8 121 8 ; ; : cord-327278-2n9eo1n8 121 9 the the DT cord-327278-2n9eo1n8 121 10 same same JJ cord-327278-2n9eo1n8 121 11 authors author NNS cord-327278-2n9eo1n8 121 12 studied study VBD cord-327278-2n9eo1n8 121 13 the the DT cord-327278-2n9eo1n8 121 14 volatility volatility NN cord-327278-2n9eo1n8 121 15 of of IN cord-327278-2n9eo1n8 121 16 hourly hourly JJ cord-327278-2n9eo1n8 121 17 pricing pricing NN cord-327278-2n9eo1n8 121 18 from from IN cord-327278-2n9eo1n8 121 19 the the DT cord-327278-2n9eo1n8 121 20 Iberian iberian JJ cord-327278-2n9eo1n8 121 21 intra intra JJ cord-327278-2n9eo1n8 121 22 - - JJ cord-327278-2n9eo1n8 121 23 day day JJ cord-327278-2n9eo1n8 121 24 electricity electricity NN cord-327278-2n9eo1n8 121 25 market market NN cord-327278-2n9eo1n8 121 26 for for IN cord-327278-2n9eo1n8 121 27 the the DT cord-327278-2n9eo1n8 121 28 period period NN cord-327278-2n9eo1n8 121 29 2002 2002 CD cord-327278-2n9eo1n8 121 30 - - SYM cord-327278-2n9eo1n8 121 31 2014 2014 CD cord-327278-2n9eo1n8 121 32 , , , cord-327278-2n9eo1n8 121 33 concluding conclude VBG cord-327278-2n9eo1n8 121 34 that that IN cord-327278-2n9eo1n8 121 35 the the DT cord-327278-2n9eo1n8 121 36 results result NNS cord-327278-2n9eo1n8 121 37 show show VBP cord-327278-2n9eo1n8 121 38 significant significant JJ cord-327278-2n9eo1n8 121 39 volatility volatility NN cord-327278-2n9eo1n8 121 40 transmissions transmission NNS cord-327278-2n9eo1n8 121 41 between between IN cord-327278-2n9eo1n8 121 42 the the DT cord-327278-2n9eo1n8 121 43 sessions session NNS cord-327278-2n9eo1n8 121 44 , , , cord-327278-2n9eo1n8 121 45 arguing argue VBG cord-327278-2n9eo1n8 121 46 how how WRB cord-327278-2n9eo1n8 121 47 results result NNS cord-327278-2n9eo1n8 121 48 are be VBP cord-327278-2n9eo1n8 121 49 driven drive VBN cord-327278-2n9eo1n8 121 50 by by IN cord-327278-2n9eo1n8 121 51 the the DT cord-327278-2n9eo1n8 121 52 market market NN cord-327278-2n9eo1n8 121 53 structure structure NN cord-327278-2n9eo1n8 121 54 , , , cord-327278-2n9eo1n8 121 55 the the DT cord-327278-2n9eo1n8 121 56 market market NN cord-327278-2n9eo1n8 121 57 design design NN cord-327278-2n9eo1n8 121 58 and and CC cord-327278-2n9eo1n8 121 59 the the DT cord-327278-2n9eo1n8 121 60 regulation regulation NN cord-327278-2n9eo1n8 121 61 of of IN cord-327278-2n9eo1n8 121 62 renewable renewable JJ cord-327278-2n9eo1n8 121 63 generation generation NN cord-327278-2n9eo1n8 121 64 . . . cord-327278-2n9eo1n8 122 1 Regarding regard VBG cord-327278-2n9eo1n8 122 2 the the DT cord-327278-2n9eo1n8 122 3 futures future NNS cord-327278-2n9eo1n8 122 4 market market NN cord-327278-2n9eo1n8 122 5 , , , cord-327278-2n9eo1n8 122 6 Capit Capit NNP cord-327278-2n9eo1n8 122 7 � � VBZ cord-327278-2n9eo1n8 122 8 an an DT cord-327278-2n9eo1n8 122 9 - - HYPH cord-327278-2n9eo1n8 122 10 Herraiz Herraiz NNP cord-327278-2n9eo1n8 122 11 and and CC cord-327278-2n9eo1n8 122 12 Rodriguez Rodriguez NNP cord-327278-2n9eo1n8 122 13 - - HYPH cord-327278-2n9eo1n8 122 14 Monroy Monroy NNP cord-327278-2n9eo1n8 122 15 [ [ -LRB- cord-327278-2n9eo1n8 122 16 7 7 CD cord-327278-2n9eo1n8 122 17 ] ] -RRB- cord-327278-2n9eo1n8 122 18 documents document VBZ cord-327278-2n9eo1n8 122 19 its -PRON- PRP$ cord-327278-2n9eo1n8 122 20 lack lack NN cord-327278-2n9eo1n8 122 21 of of IN cord-327278-2n9eo1n8 122 22 liquidity liquidity NN cord-327278-2n9eo1n8 122 23 compared compare VBN cord-327278-2n9eo1n8 122 24 with with IN cord-327278-2n9eo1n8 122 25 other other JJ cord-327278-2n9eo1n8 122 26 North north JJ cord-327278-2n9eo1n8 122 27 European european JJ cord-327278-2n9eo1n8 122 28 markets market NNS cord-327278-2n9eo1n8 122 29 , , , cord-327278-2n9eo1n8 122 30 mentioning mention VBG cord-327278-2n9eo1n8 122 31 that that IN cord-327278-2n9eo1n8 122 32 the the DT cord-327278-2n9eo1n8 122 33 main main JJ cord-327278-2n9eo1n8 122 34 significant significant JJ cord-327278-2n9eo1n8 122 35 drivers driver NNS cord-327278-2n9eo1n8 122 36 are be VBP cord-327278-2n9eo1n8 122 37 the the DT cord-327278-2n9eo1n8 122 38 traded trade VBN cord-327278-2n9eo1n8 122 39 volumes volume NNS cord-327278-2n9eo1n8 122 40 in in IN cord-327278-2n9eo1n8 122 41 the the DT cord-327278-2n9eo1n8 122 42 OTC OTC NNP cord-327278-2n9eo1n8 122 43 trading trading NN cord-327278-2n9eo1n8 122 44 and and CC cord-327278-2n9eo1n8 122 45 auctions auction NNS cord-327278-2n9eo1n8 122 46 . . . cord-327278-2n9eo1n8 123 1 Thus thus RB cord-327278-2n9eo1n8 123 2 , , , cord-327278-2n9eo1n8 123 3 it -PRON- PRP cord-327278-2n9eo1n8 123 4 would would MD cord-327278-2n9eo1n8 123 5 be be VB cord-327278-2n9eo1n8 123 6 advisable advisable JJ cord-327278-2n9eo1n8 123 7 to to TO cord-327278-2n9eo1n8 123 8 attract attract VB cord-327278-2n9eo1n8 123 9 new new JJ cord-327278-2n9eo1n8 123 10 players player NNS cord-327278-2n9eo1n8 123 11 in in IN cord-327278-2n9eo1n8 123 12 order order NN cord-327278-2n9eo1n8 123 13 to to TO cord-327278-2n9eo1n8 123 14 increase increase VB cord-327278-2n9eo1n8 123 15 liquidity liquidity NN cord-327278-2n9eo1n8 123 16 and and CC cord-327278-2n9eo1n8 123 17 price price NN cord-327278-2n9eo1n8 123 18 efficiency efficiency NN cord-327278-2n9eo1n8 123 19 . . . cord-327278-2n9eo1n8 124 1 Regarding regard VBG cord-327278-2n9eo1n8 124 2 pricing pricing NN cord-327278-2n9eo1n8 124 3 models model NNS cord-327278-2n9eo1n8 124 4 , , , cord-327278-2n9eo1n8 124 5 Lagarto Lagarto NNP cord-327278-2n9eo1n8 124 6 et et NNP cord-327278-2n9eo1n8 124 7 al al NNP cord-327278-2n9eo1n8 124 8 . . . cord-327278-2n9eo1n8 125 1 [ [ -LRB- cord-327278-2n9eo1n8 125 2 43 43 CD cord-327278-2n9eo1n8 125 3 ] ] -RRB- cord-327278-2n9eo1n8 125 4 studied study VBD cord-327278-2n9eo1n8 125 5 the the DT cord-327278-2n9eo1n8 125 6 market market NN cord-327278-2n9eo1n8 125 7 power power NN cord-327278-2n9eo1n8 125 8 of of IN cord-327278-2n9eo1n8 125 9 generating generate VBG cord-327278-2n9eo1n8 125 10 firms firm NNS cord-327278-2n9eo1n8 125 11 in in IN cord-327278-2n9eo1n8 125 12 the the DT cord-327278-2n9eo1n8 125 13 day day NN cord-327278-2n9eo1n8 125 14 - - HYPH cord-327278-2n9eo1n8 125 15 ahead ahead RB cord-327278-2n9eo1n8 125 16 Iberian Iberian NNP cord-327278-2n9eo1n8 125 17 Electricity Electricity NNP cord-327278-2n9eo1n8 125 18 Market Market NNP cord-327278-2n9eo1n8 125 19 ( ( -LRB- cord-327278-2n9eo1n8 125 20 MIBEL MIBEL NNP cord-327278-2n9eo1n8 125 21 ) ) -RRB- cord-327278-2n9eo1n8 125 22 using use VBG cord-327278-2n9eo1n8 125 23 a a DT cord-327278-2n9eo1n8 125 24 model model NN cord-327278-2n9eo1n8 125 25 where where WRB cord-327278-2n9eo1n8 125 26 data datum NNS cord-327278-2n9eo1n8 125 27 on on IN cord-327278-2n9eo1n8 125 28 power power NN cord-327278-2n9eo1n8 125 29 plants plant NNS cord-327278-2n9eo1n8 125 30 , , , cord-327278-2n9eo1n8 125 31 fuels fuel NNS cord-327278-2n9eo1n8 125 32 , , , cord-327278-2n9eo1n8 125 33 CO CO NNP cord-327278-2n9eo1n8 125 34 2 2 CD cord-327278-2n9eo1n8 125 35 and and CC cord-327278-2n9eo1n8 125 36 the the DT cord-327278-2n9eo1n8 125 37 day day NN cord-327278-2n9eo1n8 125 38 - - HYPH cord-327278-2n9eo1n8 125 39 ahead ahead RB cord-327278-2n9eo1n8 125 40 electricity electricity NN cord-327278-2n9eo1n8 125 41 market market NN cord-327278-2n9eo1n8 125 42 are be VBP cord-327278-2n9eo1n8 125 43 provided provide VBN cord-327278-2n9eo1n8 125 44 as as IN cord-327278-2n9eo1n8 125 45 input input NN cord-327278-2n9eo1n8 125 46 data datum NNS cord-327278-2n9eo1n8 125 47 , , , cord-327278-2n9eo1n8 125 48 and and CC cord-327278-2n9eo1n8 125 49 measuring measure VBG cord-327278-2n9eo1n8 125 50 the the DT cord-327278-2n9eo1n8 125 51 direct direct JJ cord-327278-2n9eo1n8 125 52 influence influence NN cord-327278-2n9eo1n8 125 53 of of IN cord-327278-2n9eo1n8 125 54 the the DT cord-327278-2n9eo1n8 125 55 external external JJ cord-327278-2n9eo1n8 125 56 market market NN cord-327278-2n9eo1n8 125 57 price price NN cord-327278-2n9eo1n8 125 58 drivers driver NNS cord-327278-2n9eo1n8 125 59 , , , cord-327278-2n9eo1n8 125 60 such such JJ cord-327278-2n9eo1n8 125 61 as as IN cord-327278-2n9eo1n8 125 62 fuel fuel NN cord-327278-2n9eo1n8 125 63 and and CC cord-327278-2n9eo1n8 125 64 CO co NN cord-327278-2n9eo1n8 125 65 2 2 CD cord-327278-2n9eo1n8 125 66 prices price NNS cord-327278-2n9eo1n8 125 67 , , , cord-327278-2n9eo1n8 125 68 renewable renewable JJ cord-327278-2n9eo1n8 125 69 generation generation NN cord-327278-2n9eo1n8 125 70 , , , cord-327278-2n9eo1n8 125 71 or or CC cord-327278-2n9eo1n8 125 72 power power NN cord-327278-2n9eo1n8 125 73 plants plant NNS cord-327278-2n9eo1n8 125 74 availability availability NN cord-327278-2n9eo1n8 125 75 . . . cord-327278-2n9eo1n8 126 1 They -PRON- PRP cord-327278-2n9eo1n8 126 2 conclude conclude VBP cord-327278-2n9eo1n8 126 3 that that IN cord-327278-2n9eo1n8 126 4 major major JJ cord-327278-2n9eo1n8 126 5 firms firm NNS cord-327278-2n9eo1n8 126 6 behaved behave VBD cord-327278-2n9eo1n8 126 7 much much RB cord-327278-2n9eo1n8 126 8 more more RBR cord-327278-2n9eo1n8 126 9 competitively competitively RB cord-327278-2n9eo1n8 126 10 in in IN cord-327278-2n9eo1n8 126 11 off off IN cord-327278-2n9eo1n8 126 12 - - HYPH cord-327278-2n9eo1n8 126 13 peak peak NN cord-327278-2n9eo1n8 126 14 than than IN cord-327278-2n9eo1n8 126 15 in in IN cord-327278-2n9eo1n8 126 16 peak peak NN cord-327278-2n9eo1n8 126 17 periods period NNS cord-327278-2n9eo1n8 126 18 , , , cord-327278-2n9eo1n8 126 19 in in IN cord-327278-2n9eo1n8 126 20 some some DT cord-327278-2n9eo1n8 126 21 cases case NNS cord-327278-2n9eo1n8 126 22 generating generate VBG cord-327278-2n9eo1n8 126 23 at at IN cord-327278-2n9eo1n8 126 24 market market NN cord-327278-2n9eo1n8 126 25 prices price NNS cord-327278-2n9eo1n8 126 26 below below IN cord-327278-2n9eo1n8 126 27 marginal marginal JJ cord-327278-2n9eo1n8 126 28 costs cost NNS cord-327278-2n9eo1n8 126 29 . . . cord-327278-2n9eo1n8 127 1 Monteiro Monteiro NNP cord-327278-2n9eo1n8 127 2 et et NNP cord-327278-2n9eo1n8 127 3 al al NNP cord-327278-2n9eo1n8 127 4 . . . cord-327278-2n9eo1n8 128 1 [ [ -LRB- cord-327278-2n9eo1n8 128 2 27 27 CD cord-327278-2n9eo1n8 128 3 ] ] -RRB- cord-327278-2n9eo1n8 128 4 recently recently RB cord-327278-2n9eo1n8 128 5 proposed propose VBD cord-327278-2n9eo1n8 128 6 another another DT cord-327278-2n9eo1n8 128 7 specific specific JJ cord-327278-2n9eo1n8 128 8 pricing pricing NN cord-327278-2n9eo1n8 128 9 model model NN cord-327278-2n9eo1n8 128 10 for for IN cord-327278-2n9eo1n8 128 11 the the DT cord-327278-2n9eo1n8 128 12 day day NN cord-327278-2n9eo1n8 128 13 - - HYPH cord-327278-2n9eo1n8 128 14 ahead ahead NN cord-327278-2n9eo1n8 128 15 price price NN cord-327278-2n9eo1n8 128 16 forecasting forecasting NN cord-327278-2n9eo1n8 128 17 in in IN cord-327278-2n9eo1n8 128 18 the the DT cord-327278-2n9eo1n8 128 19 MIBEL MIBEL NNP cord-327278-2n9eo1n8 128 20 market market NN cord-327278-2n9eo1n8 128 21 . . . cord-327278-2n9eo1n8 129 1 Input input NN cord-327278-2n9eo1n8 129 2 variables variable NNS cord-327278-2n9eo1n8 129 3 include include VBP cord-327278-2n9eo1n8 129 4 hourly hourly JJ cord-327278-2n9eo1n8 129 5 time time NN cord-327278-2n9eo1n8 129 6 series series NN cord-327278-2n9eo1n8 129 7 records record NNS cord-327278-2n9eo1n8 129 8 of of IN cord-327278-2n9eo1n8 129 9 weather weather NN cord-327278-2n9eo1n8 129 10 forecasts forecast NNS cord-327278-2n9eo1n8 129 11 , , , cord-327278-2n9eo1n8 129 12 previous previous JJ cord-327278-2n9eo1n8 129 13 prices price NNS cord-327278-2n9eo1n8 129 14 , , , cord-327278-2n9eo1n8 129 15 and and CC cord-327278-2n9eo1n8 129 16 regional regional JJ cord-327278-2n9eo1n8 129 17 aggregation aggregation NN cord-327278-2n9eo1n8 129 18 of of IN cord-327278-2n9eo1n8 129 19 power power NN cord-327278-2n9eo1n8 129 20 generations generation NNS cord-327278-2n9eo1n8 129 21 and and CC cord-327278-2n9eo1n8 129 22 power power NN cord-327278-2n9eo1n8 129 23 demands demand NNS cord-327278-2n9eo1n8 129 24 . . . cord-327278-2n9eo1n8 130 1 Fractional fractional JJ cord-327278-2n9eo1n8 130 2 integration integration NN cord-327278-2n9eo1n8 130 3 is be VBZ cord-327278-2n9eo1n8 130 4 a a DT cord-327278-2n9eo1n8 130 5 time time NN cord-327278-2n9eo1n8 130 6 series series NN cord-327278-2n9eo1n8 130 7 technique technique NN cord-327278-2n9eo1n8 130 8 that that WDT cord-327278-2n9eo1n8 130 9 allows allow VBZ cord-327278-2n9eo1n8 130 10 investigators investigator NNS cord-327278-2n9eo1n8 130 11 to to TO cord-327278-2n9eo1n8 130 12 determine determine VB cord-327278-2n9eo1n8 130 13 the the DT cord-327278-2n9eo1n8 130 14 dynamic dynamic JJ cord-327278-2n9eo1n8 130 15 specification specification NN cord-327278-2n9eo1n8 130 16 of of IN cord-327278-2n9eo1n8 130 17 the the DT cord-327278-2n9eo1n8 130 18 data datum NNS cord-327278-2n9eo1n8 130 19 in in IN cord-327278-2n9eo1n8 130 20 a a DT cord-327278-2n9eo1n8 130 21 more more RBR cord-327278-2n9eo1n8 130 22 flexible flexible JJ cord-327278-2n9eo1n8 130 23 way way NN cord-327278-2n9eo1n8 130 24 than than IN cord-327278-2n9eo1n8 130 25 other other JJ cord-327278-2n9eo1n8 130 26 approaches approach NNS cord-327278-2n9eo1n8 130 27 based base VBN cord-327278-2n9eo1n8 130 28 on on IN cord-327278-2n9eo1n8 130 29 integer integer NN cord-327278-2n9eo1n8 130 30 degrees degree NNS cord-327278-2n9eo1n8 130 31 of of IN cord-327278-2n9eo1n8 130 32 differentiation differentiation NN cord-327278-2n9eo1n8 130 33 . . . cord-327278-2n9eo1n8 131 1 It -PRON- PRP cord-327278-2n9eo1n8 131 2 belongs belong VBZ cord-327278-2n9eo1n8 131 3 to to IN cord-327278-2n9eo1n8 131 4 a a DT cord-327278-2n9eo1n8 131 5 broader broad JJR cord-327278-2n9eo1n8 131 6 category category NN cord-327278-2n9eo1n8 131 7 named name VBN cord-327278-2n9eo1n8 131 8 long long JJ cord-327278-2n9eo1n8 131 9 memory memory NN cord-327278-2n9eo1n8 131 10 , , , cord-327278-2n9eo1n8 131 11 characterized characterize VBN cord-327278-2n9eo1n8 131 12 because because IN cord-327278-2n9eo1n8 131 13 the the DT cord-327278-2n9eo1n8 131 14 spectral spectral JJ cord-327278-2n9eo1n8 131 15 density density NN cord-327278-2n9eo1n8 131 16 function function NN cord-327278-2n9eo1n8 131 17 is be VBZ cord-327278-2n9eo1n8 131 18 unbounded unbounded JJ cord-327278-2n9eo1n8 131 19 in in IN cord-327278-2n9eo1n8 131 20 at at RB cord-327278-2n9eo1n8 131 21 least least RBS cord-327278-2n9eo1n8 131 22 one one CD cord-327278-2n9eo1n8 131 23 frequency frequency NN cord-327278-2n9eo1n8 131 24 on on IN cord-327278-2n9eo1n8 131 25 its -PRON- PRP$ cord-327278-2n9eo1n8 131 26 spectrum spectrum NN cord-327278-2n9eo1n8 131 27 . . . cord-327278-2n9eo1n8 132 1 Within within IN cord-327278-2n9eo1n8 132 2 this this DT cord-327278-2n9eo1n8 132 3 group group NN cord-327278-2n9eo1n8 132 4 of of IN cord-327278-2n9eo1n8 132 5 processes process NNS cord-327278-2n9eo1n8 132 6 , , , cord-327278-2n9eo1n8 132 7 a a DT cord-327278-2n9eo1n8 132 8 very very RB cord-327278-2n9eo1n8 132 9 popular popular JJ cord-327278-2n9eo1n8 132 10 analysis analysis NN cord-327278-2n9eo1n8 132 11 model model NN cord-327278-2n9eo1n8 132 12 within within IN cord-327278-2n9eo1n8 132 13 the the DT cord-327278-2n9eo1n8 132 14 time time NN cord-327278-2n9eo1n8 132 15 series series NNP cord-327278-2n9eo1n8 132 16 studies study NNS cord-327278-2n9eo1n8 132 17 is be VBZ cord-327278-2n9eo1n8 132 18 the the DT cord-327278-2n9eo1n8 132 19 fractional fractional JJ cord-327278-2n9eo1n8 132 20 integration integration NN cord-327278-2n9eo1n8 132 21 that that WDT cord-327278-2n9eo1n8 132 22 is be VBZ cord-327278-2n9eo1n8 132 23 described describe VBN cord-327278-2n9eo1n8 132 24 in in IN cord-327278-2n9eo1n8 132 25 the the DT cord-327278-2n9eo1n8 132 26 following following JJ cord-327278-2n9eo1n8 132 27 paragraph paragraph NN cord-327278-2n9eo1n8 132 28 and and CC cord-327278-2n9eo1n8 132 29 that that DT cord-327278-2n9eo1n8 132 30 is be VBZ cord-327278-2n9eo1n8 132 31 characterized characterize VBN cord-327278-2n9eo1n8 132 32 because because IN cord-327278-2n9eo1n8 132 33 its -PRON- PRP$ cord-327278-2n9eo1n8 132 34 spectral spectral JJ cord-327278-2n9eo1n8 132 35 density density NN cord-327278-2n9eo1n8 132 36 function function NN cord-327278-2n9eo1n8 132 37 tends tend VBZ cord-327278-2n9eo1n8 132 38 to to IN cord-327278-2n9eo1n8 132 39 infinity infinity NN cord-327278-2n9eo1n8 132 40 as as IN cord-327278-2n9eo1n8 132 41 the the DT cord-327278-2n9eo1n8 132 42 frequency frequency NN cord-327278-2n9eo1n8 132 43 approaches approach VBZ cord-327278-2n9eo1n8 132 44 0 0 NFP cord-327278-2n9eo1n8 132 45 . . . cord-327278-2n9eo1n8 133 1 We -PRON- PRP cord-327278-2n9eo1n8 133 2 say say VBP cord-327278-2n9eo1n8 133 3 that that IN cord-327278-2n9eo1n8 133 4 a a DT cord-327278-2n9eo1n8 133 5 given give VBN cord-327278-2n9eo1n8 133 6 process process NN cord-327278-2n9eo1n8 133 7 { { -LRB- cord-327278-2n9eo1n8 133 8 x x NN cord-327278-2n9eo1n8 133 9 t t NN cord-327278-2n9eo1n8 133 10 , , , cord-327278-2n9eo1n8 133 11 t t NNP cord-327278-2n9eo1n8 133 12 ¼ ¼ NNP cord-327278-2n9eo1n8 133 13 0 0 NNP cord-327278-2n9eo1n8 133 14 , , , cord-327278-2n9eo1n8 133 15 � � NNP cord-327278-2n9eo1n8 133 16 1 1 CD cord-327278-2n9eo1n8 133 17 , , , cord-327278-2n9eo1n8 133 18 … … NFP cord-327278-2n9eo1n8 133 19 } } -RRB- cord-327278-2n9eo1n8 133 20 is be VBZ cord-327278-2n9eo1n8 133 21 integrated integrate VBN cord-327278-2n9eo1n8 133 22 of of IN cord-327278-2n9eo1n8 133 23 order order NN cord-327278-2n9eo1n8 133 24 d d NN cord-327278-2n9eo1n8 133 25 , , , cord-327278-2n9eo1n8 133 26 and and CC cord-327278-2n9eo1n8 133 27 denoted denote VBN cord-327278-2n9eo1n8 133 28 as as IN cord-327278-2n9eo1n8 133 29 I(d i(d RB cord-327278-2n9eo1n8 133 30 ) ) -RRB- cord-327278-2n9eo1n8 134 1 ( ( -LRB- cord-327278-2n9eo1n8 134 2 where where WRB cord-327278-2n9eo1n8 134 3 d d NN cord-327278-2n9eo1n8 134 4 can can MD cord-327278-2n9eo1n8 134 5 be be VB cord-327278-2n9eo1n8 134 6 any any DT cord-327278-2n9eo1n8 134 7 real real JJ cord-327278-2n9eo1n8 134 8 value value NN cord-327278-2n9eo1n8 134 9 ) ) -RRB- cord-327278-2n9eo1n8 134 10 if if IN cord-327278-2n9eo1n8 134 11 it -PRON- PRP cord-327278-2n9eo1n8 134 12 can can MD cord-327278-2n9eo1n8 134 13 be be VB cord-327278-2n9eo1n8 134 14 represented represent VBN cord-327278-2n9eo1n8 134 15 as as IN cord-327278-2n9eo1n8 134 16 : : : cord-327278-2n9eo1n8 134 17 where where WRB cord-327278-2n9eo1n8 134 18 L L NNP cord-327278-2n9eo1n8 134 19 is be VBZ cord-327278-2n9eo1n8 134 20 the the DT cord-327278-2n9eo1n8 134 21 lag lag NN cord-327278-2n9eo1n8 134 22 operator operator NN cord-327278-2n9eo1n8 134 23 ( ( -LRB- cord-327278-2n9eo1n8 134 24 Lx Lx NNP cord-327278-2n9eo1n8 134 25 t t NNP cord-327278-2n9eo1n8 134 26 ¼ ¼ NNP cord-327278-2n9eo1n8 134 27 x x SYM cord-327278-2n9eo1n8 134 28 t-1 t-1 NNP cord-327278-2n9eo1n8 134 29 ) ) -RRB- cord-327278-2n9eo1n8 135 1 and and CC cord-327278-2n9eo1n8 135 2 u u NNP cord-327278-2n9eo1n8 135 3 t t NNP cord-327278-2n9eo1n8 135 4 is be VBZ cord-327278-2n9eo1n8 135 5 integrated integrate VBN cord-327278-2n9eo1n8 135 6 of of IN cord-327278-2n9eo1n8 135 7 order order NN cord-327278-2n9eo1n8 135 8 0 0 CD cord-327278-2n9eo1n8 135 9 , , , cord-327278-2n9eo1n8 135 10 i.e. i.e. FW cord-327278-2n9eo1n8 135 11 , , , cord-327278-2n9eo1n8 135 12 I(0 I(0 NNP cord-327278-2n9eo1n8 135 13 ) ) -RRB- cord-327278-2n9eo1n8 135 14 , , , cord-327278-2n9eo1n8 135 15 defined define VBN cord-327278-2n9eo1n8 135 16 as as IN cord-327278-2n9eo1n8 135 17 a a DT cord-327278-2n9eo1n8 135 18 covariance covariance NN cord-327278-2n9eo1n8 135 19 stationary stationary JJ cord-327278-2n9eo1n8 135 20 process process NN cord-327278-2n9eo1n8 135 21 with with IN cord-327278-2n9eo1n8 135 22 a a DT cord-327278-2n9eo1n8 135 23 positive positive JJ cord-327278-2n9eo1n8 135 24 and and CC cord-327278-2n9eo1n8 135 25 bounded bounded JJ cord-327278-2n9eo1n8 135 26 spectrum spectrum NN cord-327278-2n9eo1n8 135 27 . . . cord-327278-2n9eo1n8 136 1 Thus thus RB cord-327278-2n9eo1n8 136 2 , , , cord-327278-2n9eo1n8 136 3 u u NNP cord-327278-2n9eo1n8 136 4 t t NN cord-327278-2n9eo1n8 136 5 can can MD cord-327278-2n9eo1n8 136 6 be be VB cord-327278-2n9eo1n8 136 7 a a DT cord-327278-2n9eo1n8 136 8 white white JJ cord-327278-2n9eo1n8 136 9 noise noise NN cord-327278-2n9eo1n8 136 10 but but CC cord-327278-2n9eo1n8 136 11 also also RB cord-327278-2n9eo1n8 136 12 a a DT cord-327278-2n9eo1n8 136 13 weakly weakly RB cord-327278-2n9eo1n8 136 14 autocorrelated autocorrelate VBN cord-327278-2n9eo1n8 136 15 process process NN cord-327278-2n9eo1n8 136 16 , , , cord-327278-2n9eo1n8 136 17 for for IN cord-327278-2n9eo1n8 136 18 example example NN cord-327278-2n9eo1n8 136 19 , , , cord-327278-2n9eo1n8 136 20 of of IN cord-327278-2n9eo1n8 136 21 the the DT cord-327278-2n9eo1n8 136 22 AutoRegressive AutoRegressive NNP cord-327278-2n9eo1n8 136 23 Moving Moving NNP cord-327278-2n9eo1n8 136 24 Average Average NNP cord-327278-2n9eo1n8 136 25 ( ( -LRB- cord-327278-2n9eo1n8 136 26 ARMA ARMA NNP cord-327278-2n9eo1n8 136 27 ) ) -RRB- cord-327278-2n9eo1n8 136 28 form form NN cord-327278-2n9eo1n8 136 29 . . . cord-327278-2n9eo1n8 137 1 1 1 LS cord-327278-2n9eo1n8 138 1 The the DT cord-327278-2n9eo1n8 138 2 estimation estimation NN cord-327278-2n9eo1n8 138 3 of of IN cord-327278-2n9eo1n8 138 4 the the DT cord-327278-2n9eo1n8 138 5 differencing differencing NN cord-327278-2n9eo1n8 138 6 parameter parameter NN cord-327278-2n9eo1n8 138 7 d d NNP cord-327278-2n9eo1n8 138 8 is be VBZ cord-327278-2n9eo1n8 138 9 crucial crucial JJ cord-327278-2n9eo1n8 138 10 . . . cord-327278-2n9eo1n8 139 1 ( ( -LRB- cord-327278-2n9eo1n8 139 2 1 1 CD cord-327278-2n9eo1n8 139 3 ) ) -RRB- cord-327278-2n9eo1n8 139 4 , , . cord-327278-2n9eo1n8 140 1 and and CC cord-327278-2n9eo1n8 140 2 x x SYM cord-327278-2n9eo1n8 140 3 t t NNP cord-327278-2n9eo1n8 140 4 is be VBZ cord-327278-2n9eo1n8 140 5 said say VBN cord-327278-2n9eo1n8 140 6 to to TO cord-327278-2n9eo1n8 140 7 be be VB cord-327278-2n9eo1n8 140 8 short short JJ cord-327278-2n9eo1n8 140 9 memory memory NN cord-327278-2n9eo1n8 140 10 as as IN cord-327278-2n9eo1n8 140 11 opposed oppose VBN cord-327278-2n9eo1n8 140 12 to to IN cord-327278-2n9eo1n8 140 13 the the DT cord-327278-2n9eo1n8 140 14 case case NN cord-327278-2n9eo1n8 140 15 of of IN cord-327278-2n9eo1n8 140 16 long long JJ cord-327278-2n9eo1n8 140 17 memory memory NN cord-327278-2n9eo1n8 140 18 that that WDT cord-327278-2n9eo1n8 140 19 takes take VBZ cord-327278-2n9eo1n8 140 20 place place NN cord-327278-2n9eo1n8 141 1 when when WRB cord-327278-2n9eo1n8 141 2 d d NNP cord-327278-2n9eo1n8 141 3 > > XX cord-327278-2n9eo1n8 141 4 0 0 CD cord-327278-2n9eo1n8 141 5 . . . cord-327278-2n9eo1n8 142 1 From from IN cord-327278-2n9eo1n8 142 2 a a DT cord-327278-2n9eo1n8 142 3 statistical statistical JJ cord-327278-2n9eo1n8 142 4 viewpoint viewpoint NN cord-327278-2n9eo1n8 142 5 , , , cord-327278-2n9eo1n8 142 6 the the DT cord-327278-2n9eo1n8 142 7 borderline borderline JJ cord-327278-2n9eo1n8 142 8 point point NN cord-327278-2n9eo1n8 142 9 is be VBZ cord-327278-2n9eo1n8 142 10 0.5 0.5 CD cord-327278-2n9eo1n8 142 11 . . . cord-327278-2n9eo1n8 143 1 Thus thus RB cord-327278-2n9eo1n8 143 2 , , , cord-327278-2n9eo1n8 143 3 if if IN cord-327278-2n9eo1n8 143 4 d d DT cord-327278-2n9eo1n8 143 5 < < XX cord-327278-2n9eo1n8 143 6 0.5 0.5 CD cord-327278-2n9eo1n8 143 7 , , , cord-327278-2n9eo1n8 143 8 x x SYM cord-327278-2n9eo1n8 143 9 t t NN cord-327278-2n9eo1n8 143 10 is be VBZ cord-327278-2n9eo1n8 143 11 covariance covariance NN cord-327278-2n9eo1n8 143 12 stationary stationary JJ cord-327278-2n9eo1n8 143 13 ; ; : cord-327278-2n9eo1n8 143 14 however however RB cord-327278-2n9eo1n8 143 15 , , , cord-327278-2n9eo1n8 143 16 if if IN cord-327278-2n9eo1n8 143 17 becomes become VBZ cord-327278-2n9eo1n8 143 18 nonstationary nonstationary NNP cord-327278-2n9eo1n8 143 19 for for IN cord-327278-2n9eo1n8 143 20 d d NNP cord-327278-2n9eo1n8 143 21 � � NNP cord-327278-2n9eo1n8 143 22 0.5 0.5 CD cord-327278-2n9eo1n8 143 23 , , , cord-327278-2n9eo1n8 143 24 and and CC cord-327278-2n9eo1n8 143 25 it -PRON- PRP cord-327278-2n9eo1n8 143 26 is be VBZ cord-327278-2n9eo1n8 143 27 more more RBR cord-327278-2n9eo1n8 143 28 nonstationary nonstationary JJ cord-327278-2n9eo1n8 143 29 as as IN cord-327278-2n9eo1n8 143 30 we -PRON- PRP cord-327278-2n9eo1n8 143 31 increase increase VBP cord-327278-2n9eo1n8 143 32 the the DT cord-327278-2n9eo1n8 143 33 value value NN cord-327278-2n9eo1n8 143 34 of of IN cord-327278-2n9eo1n8 143 35 d d NN cord-327278-2n9eo1n8 143 36 , , , cord-327278-2n9eo1n8 143 37 noting note VBG cord-327278-2n9eo1n8 143 38 that that IN cord-327278-2n9eo1n8 143 39 the the DT cord-327278-2n9eo1n8 143 40 variance variance NN cord-327278-2n9eo1n8 143 41 of of IN cord-327278-2n9eo1n8 143 42 the the DT cord-327278-2n9eo1n8 143 43 partial partial JJ cord-327278-2n9eo1n8 143 44 sum sum NN cord-327278-2n9eo1n8 143 45 increases increase NNS cord-327278-2n9eo1n8 143 46 in in IN cord-327278-2n9eo1n8 143 47 magnitude magnitude NN cord-327278-2n9eo1n8 143 48 with with IN cord-327278-2n9eo1n8 143 49 d d NN cord-327278-2n9eo1n8 143 50 ; ; : cord-327278-2n9eo1n8 143 51 finally finally RB cord-327278-2n9eo1n8 143 52 , , , cord-327278-2n9eo1n8 143 53 from from IN cord-327278-2n9eo1n8 143 54 a a DT cord-327278-2n9eo1n8 143 55 policy policy NN cord-327278-2n9eo1n8 143 56 perspective perspective NN cord-327278-2n9eo1n8 143 57 , , , cord-327278-2n9eo1n8 143 58 mean mean JJ cord-327278-2n9eo1n8 143 59 reversion reversion NN cord-327278-2n9eo1n8 143 60 occurs occur VBZ cord-327278-2n9eo1n8 143 61 if if IN cord-327278-2n9eo1n8 143 62 d d NNP cord-327278-2n9eo1n8 143 63 < < XX cord-327278-2n9eo1n8 143 64 1 1 CD cord-327278-2n9eo1n8 143 65 and and CC cord-327278-2n9eo1n8 143 66 shocks shock NNS cord-327278-2n9eo1n8 143 67 will will MD cord-327278-2n9eo1n8 143 68 have have VB cord-327278-2n9eo1n8 143 69 permanent permanent JJ cord-327278-2n9eo1n8 143 70 effects effect NNS cord-327278-2n9eo1n8 143 71 if if IN cord-327278-2n9eo1n8 143 72 d d NN cord-327278-2n9eo1n8 143 73 � � NNP cord-327278-2n9eo1n8 143 74 1 1 CD cord-327278-2n9eo1n8 143 75 . . . cord-327278-2n9eo1n8 144 1 We -PRON- PRP cord-327278-2n9eo1n8 144 2 estimate estimate VBP cord-327278-2n9eo1n8 144 3 the the DT cord-327278-2n9eo1n8 144 4 value value NN cord-327278-2n9eo1n8 144 5 of of IN cord-327278-2n9eo1n8 144 6 d d NN cord-327278-2n9eo1n8 144 7 using use VBG cord-327278-2n9eo1n8 144 8 the the DT cord-327278-2n9eo1n8 144 9 Whittle Whittle NNP cord-327278-2n9eo1n8 144 10 function function NN cord-327278-2n9eo1n8 144 11 based base VBN cord-327278-2n9eo1n8 144 12 on on IN cord-327278-2n9eo1n8 144 13 the the DT cord-327278-2n9eo1n8 144 14 frequency frequency NN cord-327278-2n9eo1n8 144 15 domain domain NN cord-327278-2n9eo1n8 144 16 [ [ -LRB- cord-327278-2n9eo1n8 144 17 45 45 CD cord-327278-2n9eo1n8 144 18 ] ] -RRB- cord-327278-2n9eo1n8 144 19 , , , cord-327278-2n9eo1n8 144 20 and and CC cord-327278-2n9eo1n8 144 21 , , , cord-327278-2n9eo1n8 144 22 for for IN cord-327278-2n9eo1n8 144 23 this this DT cord-327278-2n9eo1n8 144 24 purpose purpose NN cord-327278-2n9eo1n8 144 25 , , , cord-327278-2n9eo1n8 144 26 we -PRON- PRP cord-327278-2n9eo1n8 144 27 use use VBP cord-327278-2n9eo1n8 144 28 a a DT cord-327278-2n9eo1n8 144 29 version version NN cord-327278-2n9eo1n8 144 30 of of IN cord-327278-2n9eo1n8 144 31 a a DT cord-327278-2n9eo1n8 144 32 testing testing NN cord-327278-2n9eo1n8 144 33 procedure procedure NN cord-327278-2n9eo1n8 144 34 developed develop VBN cord-327278-2n9eo1n8 144 35 in in IN cord-327278-2n9eo1n8 144 36 Robinson Robinson NNP cord-327278-2n9eo1n8 144 37 [ [ -LRB- cord-327278-2n9eo1n8 144 38 46 46 CD cord-327278-2n9eo1n8 144 39 ] ] -RRB- cord-327278-2n9eo1n8 144 40 that that WDT cord-327278-2n9eo1n8 144 41 is be VBZ cord-327278-2n9eo1n8 144 42 very very RB cord-327278-2n9eo1n8 144 43 convenient convenient JJ cord-327278-2n9eo1n8 144 44 in in IN cord-327278-2n9eo1n8 144 45 the the DT cord-327278-2n9eo1n8 144 46 context context NN cord-327278-2n9eo1n8 144 47 of of IN cord-327278-2n9eo1n8 144 48 the the DT cord-327278-2n9eo1n8 144 49 series series NN cord-327278-2n9eo1n8 144 50 examined examine VBN cord-327278-2n9eo1n8 144 51 here here RB cord-327278-2n9eo1n8 144 52 , , , cord-327278-2n9eo1n8 144 53 noting note VBG cord-327278-2n9eo1n8 144 54 that that IN cord-327278-2n9eo1n8 144 55 it -PRON- PRP cord-327278-2n9eo1n8 144 56 permits permit VBZ cord-327278-2n9eo1n8 144 57 us -PRON- PRP cord-327278-2n9eo1n8 144 58 to to TO cord-327278-2n9eo1n8 144 59 test test VB cord-327278-2n9eo1n8 144 60 any any DT cord-327278-2n9eo1n8 144 61 real real JJ cord-327278-2n9eo1n8 144 62 value value NN cord-327278-2n9eo1n8 144 63 of of IN cord-327278-2n9eo1n8 144 64 d d NN cord-327278-2n9eo1n8 144 65 , , , cord-327278-2n9eo1n8 144 66 including include VBG cord-327278-2n9eo1n8 144 67 thus thus RB cord-327278-2n9eo1n8 144 68 values value NNS cord-327278-2n9eo1n8 144 69 in in IN cord-327278-2n9eo1n8 144 70 the the DT cord-327278-2n9eo1n8 144 71 nonstationary nonstationary JJ cord-327278-2n9eo1n8 144 72 range range NN cord-327278-2n9eo1n8 144 73 ( ( -LRB- cord-327278-2n9eo1n8 144 74 d d NNP cord-327278-2n9eo1n8 144 75 � � NNP cord-327278-2n9eo1n8 144 76 0.5 0.5 CD cord-327278-2n9eo1n8 144 77 ) ) -RRB- cord-327278-2n9eo1n8 144 78 . . . cord-327278-2n9eo1n8 145 1 Using use VBG cord-327278-2n9eo1n8 145 2 this this DT cord-327278-2n9eo1n8 145 3 method method NN cord-327278-2n9eo1n8 145 4 , , , cord-327278-2n9eo1n8 145 5 we -PRON- PRP cord-327278-2n9eo1n8 145 6 test test VBP cord-327278-2n9eo1n8 145 7 the the DT cord-327278-2n9eo1n8 145 8 null null JJ cord-327278-2n9eo1n8 145 9 hypothesis hypothesis NN cord-327278-2n9eo1n8 145 10 : : : cord-327278-2n9eo1n8 145 11 in in IN cord-327278-2n9eo1n8 145 12 ( ( -LRB- cord-327278-2n9eo1n8 145 13 1 1 CD cord-327278-2n9eo1n8 145 14 ) ) -RRB- cord-327278-2n9eo1n8 145 15 , , , cord-327278-2n9eo1n8 145 16 where where WRB cord-327278-2n9eo1n8 145 17 x x NN cord-327278-2n9eo1n8 145 18 t t NN cord-327278-2n9eo1n8 145 19 can can MD cord-327278-2n9eo1n8 145 20 be be VB cord-327278-2n9eo1n8 145 21 the the DT cord-327278-2n9eo1n8 145 22 errors error NNS cord-327278-2n9eo1n8 145 23 in in IN cord-327278-2n9eo1n8 145 24 a a DT cord-327278-2n9eo1n8 145 25 regression regression NN cord-327278-2n9eo1n8 145 26 model model NN cord-327278-2n9eo1n8 145 27 of of IN cord-327278-2n9eo1n8 145 28 form form NN cord-327278-2n9eo1n8 145 29 : : : cord-327278-2n9eo1n8 145 30 where where WRB cord-327278-2n9eo1n8 145 31 z z NNP cord-327278-2n9eo1n8 145 32 t t NN cord-327278-2n9eo1n8 145 33 can can MD cord-327278-2n9eo1n8 145 34 be be VB cord-327278-2n9eo1n8 145 35 either either CC cord-327278-2n9eo1n8 145 36 exogenous exogenous JJ cord-327278-2n9eo1n8 145 37 regressors regressor NNS cord-327278-2n9eo1n8 145 38 or or CC cord-327278-2n9eo1n8 145 39 deterministic deterministic JJ cord-327278-2n9eo1n8 145 40 terms term NNS cord-327278-2n9eo1n8 145 41 such such JJ cord-327278-2n9eo1n8 145 42 as as IN cord-327278-2n9eo1n8 145 43 an an DT cord-327278-2n9eo1n8 145 44 intercept intercept NN cord-327278-2n9eo1n8 145 45 and/or and/or CC cord-327278-2n9eo1n8 145 46 a a DT cord-327278-2n9eo1n8 145 47 linear linear JJ cord-327278-2n9eo1n8 145 48 time time NN cord-327278-2n9eo1n8 145 49 trend trend NN cord-327278-2n9eo1n8 145 50 . . . cord-327278-2n9eo1n8 146 1 The the DT cord-327278-2n9eo1n8 146 2 test test NN cord-327278-2n9eo1n8 146 3 statistic statistic NN cord-327278-2n9eo1n8 146 4 proposed propose VBN cord-327278-2n9eo1n8 146 5 in in IN cord-327278-2n9eo1n8 146 6 Robinson Robinson NNP cord-327278-2n9eo1n8 146 7 [ [ -LRB- cord-327278-2n9eo1n8 146 8 46 46 CD cord-327278-2n9eo1n8 146 9 ] ] -RRB- cord-327278-2n9eo1n8 146 10 contains contain VBZ cord-327278-2n9eo1n8 146 11 several several JJ cord-327278-2n9eo1n8 146 12 important important JJ cord-327278-2n9eo1n8 146 13 features feature NNS cord-327278-2n9eo1n8 146 14 . . . cord-327278-2n9eo1n8 147 1 Thus thus RB cord-327278-2n9eo1n8 147 2 , , , cord-327278-2n9eo1n8 147 3 its -PRON- PRP$ cord-327278-2n9eo1n8 147 4 limiting limit VBG cord-327278-2n9eo1n8 147 5 distribution distribution NN cord-327278-2n9eo1n8 147 6 is be VBZ cord-327278-2n9eo1n8 147 7 standard standard JJ cord-327278-2n9eo1n8 147 8 normal normal JJ cord-327278-2n9eo1n8 147 9 ( ( -LRB- cord-327278-2n9eo1n8 147 10 N(0 N(0 NNP cord-327278-2n9eo1n8 147 11 , , , cord-327278-2n9eo1n8 147 12 1 1 CD cord-327278-2n9eo1n8 147 13 ) ) -RRB- cord-327278-2n9eo1n8 147 14 ) ) -RRB- cord-327278-2n9eo1n8 147 15 , , , cord-327278-2n9eo1n8 147 16 so so IN cord-327278-2n9eo1n8 147 17 that that IN cord-327278-2n9eo1n8 147 18 we -PRON- PRP cord-327278-2n9eo1n8 147 19 do do VBP cord-327278-2n9eo1n8 147 20 not not RB cord-327278-2n9eo1n8 147 21 need need VB cord-327278-2n9eo1n8 147 22 to to TO cord-327278-2n9eo1n8 147 23 rely rely VB cord-327278-2n9eo1n8 147 24 on on IN cord-327278-2n9eo1n8 147 25 critical critical JJ cord-327278-2n9eo1n8 147 26 values value NNS cord-327278-2n9eo1n8 147 27 based base VBN cord-327278-2n9eo1n8 147 28 on on IN cord-327278-2n9eo1n8 147 29 Monte Monte NNP cord-327278-2n9eo1n8 147 30 Carlo Carlo NNP cord-327278-2n9eo1n8 147 31 simulation simulation NN cord-327278-2n9eo1n8 147 32 studies study NNS cord-327278-2n9eo1n8 147 33 . . . cord-327278-2n9eo1n8 148 1 Moreover moreover RB cord-327278-2n9eo1n8 148 2 , , , cord-327278-2n9eo1n8 148 3 the the DT cord-327278-2n9eo1n8 148 4 test test NN cord-327278-2n9eo1n8 148 5 statistic statistic NN cord-327278-2n9eo1n8 148 6 and and CC cord-327278-2n9eo1n8 148 7 its -PRON- PRP$ cord-327278-2n9eo1n8 148 8 asymptotic asymptotic JJ cord-327278-2n9eo1n8 148 9 behaviour behaviour NN cord-327278-2n9eo1n8 148 10 remain remain VBP cord-327278-2n9eo1n8 148 11 valid valid JJ cord-327278-2n9eo1n8 148 12 for for IN cord-327278-2n9eo1n8 148 13 any any DT cord-327278-2n9eo1n8 148 14 real real JJ cord-327278-2n9eo1n8 148 15 value value NN cord-327278-2n9eo1n8 148 16 d d NN cord-327278-2n9eo1n8 148 17 0 0 CD cord-327278-2n9eo1n8 148 18 in in IN cord-327278-2n9eo1n8 148 19 ( ( -LRB- cord-327278-2n9eo1n8 148 20 2 2 CD cord-327278-2n9eo1n8 148 21 ) ) -RRB- cord-327278-2n9eo1n8 148 22 , , , cord-327278-2n9eo1n8 148 23 including include VBG cord-327278-2n9eo1n8 148 24 nonstationary nonstationary JJ cord-327278-2n9eo1n8 148 25 cases case NNS cord-327278-2n9eo1n8 148 26 , , , cord-327278-2n9eo1n8 148 27 and and CC cord-327278-2n9eo1n8 148 28 thus thus RB cord-327278-2n9eo1n8 148 29 , , , cord-327278-2n9eo1n8 148 30 it -PRON- PRP cord-327278-2n9eo1n8 148 31 does do VBZ cord-327278-2n9eo1n8 148 32 not not RB cord-327278-2n9eo1n8 148 33 require require VB cord-327278-2n9eo1n8 148 34 preliminary preliminary JJ cord-327278-2n9eo1n8 148 35 differencing differencing NN cord-327278-2n9eo1n8 148 36 to to TO cord-327278-2n9eo1n8 148 37 render render VB cord-327278-2n9eo1n8 148 38 the the DT cord-327278-2n9eo1n8 148 39 series series NN cord-327278-2n9eo1n8 148 40 stationary stationary JJ cord-327278-2n9eo1n8 148 41 prior prior RB cord-327278-2n9eo1n8 148 42 to to IN cord-327278-2n9eo1n8 148 43 the the DT cord-327278-2n9eo1n8 148 44 performance performance NN cord-327278-2n9eo1n8 148 45 of of IN cord-327278-2n9eo1n8 148 46 the the DT cord-327278-2n9eo1n8 148 47 test test NN cord-327278-2n9eo1n8 148 48 ; ; : cord-327278-2n9eo1n8 148 49 finally finally RB cord-327278-2n9eo1n8 148 50 , , , cord-327278-2n9eo1n8 148 51 it -PRON- PRP cord-327278-2n9eo1n8 148 52 is be VBZ cord-327278-2n9eo1n8 148 53 the the DT cord-327278-2n9eo1n8 148 54 most most RBS cord-327278-2n9eo1n8 148 55 efficient efficient JJ cord-327278-2n9eo1n8 148 56 method method NN cord-327278-2n9eo1n8 148 57 in in IN cord-327278-2n9eo1n8 148 58 the the DT cord-327278-2n9eo1n8 148 59 Pitman Pitman NNP cord-327278-2n9eo1n8 148 60 sense sense NN cord-327278-2n9eo1n8 148 61 against against IN cord-327278-2n9eo1n8 148 62 local local JJ cord-327278-2n9eo1n8 148 63 departures departure NNS cord-327278-2n9eo1n8 148 64 from from IN cord-327278-2n9eo1n8 148 65 the the DT cord-327278-2n9eo1n8 148 66 null null NN cord-327278-2n9eo1n8 148 67 . . . cord-327278-2n9eo1n8 149 1 2 2 LS cord-327278-2n9eo1n8 150 1 Using use VBG cord-327278-2n9eo1n8 150 2 alternative alternative JJ cord-327278-2n9eo1n8 150 3 methods method NNS cord-327278-2n9eo1n8 150 4 ( ( -LRB- cord-327278-2n9eo1n8 150 5 also also RB cord-327278-2n9eo1n8 150 6 based base VBN cord-327278-2n9eo1n8 150 7 on on IN cord-327278-2n9eo1n8 150 8 fractional fractional JJ cord-327278-2n9eo1n8 150 9 integration integration NN cord-327278-2n9eo1n8 150 10 ) ) -RRB- cord-327278-2n9eo1n8 150 11 produced produce VBN cord-327278-2n9eo1n8 150 12 essentially essentially RB cord-327278-2n9eo1n8 150 13 the the DT cord-327278-2n9eo1n8 150 14 same same JJ cord-327278-2n9eo1n8 150 15 results result NNS cord-327278-2n9eo1n8 150 16 as as IN cord-327278-2n9eo1n8 150 17 those those DT cord-327278-2n9eo1n8 150 18 reported report VBN cord-327278-2n9eo1n8 150 19 in in IN cord-327278-2n9eo1n8 150 20 this this DT cord-327278-2n9eo1n8 150 21 work work NN cord-327278-2n9eo1n8 150 22 . . . cord-327278-2n9eo1n8 151 1 The the DT cord-327278-2n9eo1n8 151 2 dataset dataset NN cord-327278-2n9eo1n8 151 3 encompassing encompass VBG cord-327278-2n9eo1n8 151 4 spot spot NN cord-327278-2n9eo1n8 151 5 and and CC cord-327278-2n9eo1n8 151 6 futures future NNS cord-327278-2n9eo1n8 151 7 daily daily JJ cord-327278-2n9eo1n8 151 8 prices price NNS cord-327278-2n9eo1n8 151 9 and and CC cord-327278-2n9eo1n8 151 10 energy energy NN cord-327278-2n9eo1n8 151 11 consumption consumption NN cord-327278-2n9eo1n8 151 12 was be VBD cord-327278-2n9eo1n8 151 13 obtained obtain VBN cord-327278-2n9eo1n8 151 14 from from IN cord-327278-2n9eo1n8 151 15 the the DT cord-327278-2n9eo1n8 151 16 OMIP OMIP NNP cord-327278-2n9eo1n8 151 17 website website NN cord-327278-2n9eo1n8 151 18 ( ( -LRB- cord-327278-2n9eo1n8 151 19 http://www.omip http://www.omip UH cord-327278-2n9eo1n8 151 20 . . . cord-327278-2n9eo1n8 151 21 pt pt NNP cord-327278-2n9eo1n8 151 22 / / SYM cord-327278-2n9eo1n8 151 23 Downloads Downloads NNP cord-327278-2n9eo1n8 151 24 / / SYM cord-327278-2n9eo1n8 151 25 tabid/104 tabid/104 NNP cord-327278-2n9eo1n8 151 26 / / SYM cord-327278-2n9eo1n8 151 27 language language NN cord-327278-2n9eo1n8 151 28 / / SYM cord-327278-2n9eo1n8 151 29 pt pt NNP cord-327278-2n9eo1n8 151 30 - - HYPH cord-327278-2n9eo1n8 151 31 PT PT NNP cord-327278-2n9eo1n8 151 32 / / SYM cord-327278-2n9eo1n8 151 33 Default.aspx Default.aspx NNS cord-327278-2n9eo1n8 151 34 ) ) -RRB- cord-327278-2n9eo1n8 151 35 for for IN cord-327278-2n9eo1n8 151 36 Portugal Portugal NNP cord-327278-2n9eo1n8 151 37 and and CC cord-327278-2n9eo1n8 151 38 Spain Spain NNP cord-327278-2n9eo1n8 151 39 , , , cord-327278-2n9eo1n8 151 40 during during IN cord-327278-2n9eo1n8 151 41 the the DT cord-327278-2n9eo1n8 151 42 period period NN cord-327278-2n9eo1n8 151 43 encompassed encompass VBD cord-327278-2n9eo1n8 151 44 from from IN cord-327278-2n9eo1n8 151 45 2007 2007 CD cord-327278-2n9eo1n8 151 46 to to IN cord-327278-2n9eo1n8 151 47 2017 2017 CD cord-327278-2n9eo1n8 151 48 . . . cord-327278-2n9eo1n8 152 1 Table table NN cord-327278-2n9eo1n8 152 2 1 1 CD cord-327278-2n9eo1n8 152 3 presents present VBZ cord-327278-2n9eo1n8 152 4 the the DT cord-327278-2n9eo1n8 152 5 descriptive descriptive JJ cord-327278-2n9eo1n8 152 6 statistics statistic NNS cord-327278-2n9eo1n8 152 7 for for IN cord-327278-2n9eo1n8 152 8 these these DT cord-327278-2n9eo1n8 152 9 time time NN cord-327278-2n9eo1n8 152 10 series series NN cord-327278-2n9eo1n8 152 11 , , , cord-327278-2n9eo1n8 152 12 while while IN cord-327278-2n9eo1n8 152 13 Table Table NNP cord-327278-2n9eo1n8 152 14 2 2 CD cord-327278-2n9eo1n8 152 15 presents present VBZ cord-327278-2n9eo1n8 152 16 the the DT cord-327278-2n9eo1n8 152 17 Kendall Kendall NNP cord-327278-2n9eo1n8 152 18 's 's POS cord-327278-2n9eo1n8 152 19 Tau Tau NNP cord-327278-2n9eo1n8 152 20 correlation correlation NN cord-327278-2n9eo1n8 152 21 coefficient coefficient NN cord-327278-2n9eo1n8 152 22 . . . cord-327278-2n9eo1n8 153 1 While while IN cord-327278-2n9eo1n8 153 2 Table table NN cord-327278-2n9eo1n8 153 3 1 1 CD cord-327278-2n9eo1n8 153 4 suggests suggest VBZ cord-327278-2n9eo1n8 153 5 that that DT cord-327278-2n9eo1n8 153 6 price price NN cord-327278-2n9eo1n8 153 7 and and CC cord-327278-2n9eo1n8 153 8 demand demand NN cord-327278-2n9eo1n8 153 9 time time NN cord-327278-2n9eo1n8 153 10 series serie NNS cord-327278-2n9eo1n8 153 11 are be VBP cord-327278-2n9eo1n8 153 12 , , , cord-327278-2n9eo1n8 153 13 somehow somehow RB cord-327278-2n9eo1n8 153 14 , , , cord-327278-2n9eo1n8 153 15 asymmetrically asymmetrically RB cord-327278-2n9eo1n8 153 16 distributed distribute VBN cord-327278-2n9eo1n8 153 17 , , , cord-327278-2n9eo1n8 153 18 although although IN cord-327278-2n9eo1n8 153 19 dispersion dispersion NN cord-327278-2n9eo1n8 153 20 maybe maybe RB cord-327278-2n9eo1n8 153 21 considered consider VBN cord-327278-2n9eo1n8 153 22 lowwith lowwith NN cord-327278-2n9eo1n8 153 23 the the DT cord-327278-2n9eo1n8 153 24 exception exception NN cord-327278-2n9eo1n8 153 25 of of IN cord-327278-2n9eo1n8 153 26 future future JJ cord-327278-2n9eo1n8 153 27 energy energy NN cord-327278-2n9eo1n8 153 28 demand demand NN cord-327278-2n9eo1n8 153 29 - - HYPH cord-327278-2n9eo1n8 153 30 , , , cord-327278-2n9eo1n8 153 31 Table table NN cord-327278-2n9eo1n8 153 32 2 2 CD cord-327278-2n9eo1n8 153 33 reveals reveal VBZ cord-327278-2n9eo1n8 153 34 a a DT cord-327278-2n9eo1n8 153 35 moderately moderately RB cord-327278-2n9eo1n8 153 36 strong strong JJ cord-327278-2n9eo1n8 153 37 correlation correlation NN cord-327278-2n9eo1n8 153 38 between between IN cord-327278-2n9eo1n8 153 39 future future NN cord-327278-2n9eo1n8 153 40 and and CC cord-327278-2n9eo1n8 153 41 spot spot NN cord-327278-2n9eo1n8 153 42 prices price NNS cord-327278-2n9eo1n8 153 43 and and CC cord-327278-2n9eo1n8 153 44 a a DT cord-327278-2n9eo1n8 153 45 very very RB cord-327278-2n9eo1n8 153 46 weak weak JJ cord-327278-2n9eo1n8 153 47 correlation correlation NN cord-327278-2n9eo1n8 153 48 between between IN cord-327278-2n9eo1n8 153 49 spot spot NN cord-327278-2n9eo1n8 153 50 energy energy NN cord-327278-2n9eo1n8 153 51 and and CC cord-327278-2n9eo1n8 153 52 spot spot NN cord-327278-2n9eo1n8 153 53 prices price NNS cord-327278-2n9eo1n8 153 54 . . . cord-327278-2n9eo1n8 154 1 Time Time NNP cord-327278-2n9eo1n8 154 2 series series NN cord-327278-2n9eo1n8 154 3 are be VBP cord-327278-2n9eo1n8 154 4 depicted depict VBN cord-327278-2n9eo1n8 154 5 in in IN cord-327278-2n9eo1n8 154 6 Figs.1 Figs.1 NNP cord-327278-2n9eo1n8 154 7 and and CC cord-327278-2n9eo1n8 154 8 2 2 CD cord-327278-2n9eo1n8 154 9 for for IN cord-327278-2n9eo1n8 154 10 both both CC cord-327278-2n9eo1n8 154 11 energy energy NN cord-327278-2n9eo1n8 154 12 and and CC cord-327278-2n9eo1n8 154 13 prices price NNS cord-327278-2n9eo1n8 154 14 . . . cord-327278-2n9eo1n8 155 1 This this DT cord-327278-2n9eo1n8 155 2 section section NN cord-327278-2n9eo1n8 155 3 starts start VBZ cord-327278-2n9eo1n8 155 4 with with IN cord-327278-2n9eo1n8 155 5 the the DT cord-327278-2n9eo1n8 155 6 analysis analysis NN cord-327278-2n9eo1n8 155 7 of of IN cord-327278-2n9eo1n8 155 8 the the DT cord-327278-2n9eo1n8 155 9 individual individual JJ cord-327278-2n9eo1n8 155 10 series series NN cord-327278-2n9eo1n8 155 11 . . . cord-327278-2n9eo1n8 156 1 The the DT cord-327278-2n9eo1n8 156 2 initial initial JJ cord-327278-2n9eo1n8 156 3 point point NN cord-327278-2n9eo1n8 156 4 is be VBZ cord-327278-2n9eo1n8 156 5 to to TO cord-327278-2n9eo1n8 156 6 estimate estimate VB cord-327278-2n9eo1n8 156 7 the the DT cord-327278-2n9eo1n8 156 8 value value NN cord-327278-2n9eo1n8 156 9 of of IN cord-327278-2n9eo1n8 156 10 d d NN cord-327278-2n9eo1n8 156 11 in in IN cord-327278-2n9eo1n8 156 12 the the DT cord-327278-2n9eo1n8 156 13 model model NN cord-327278-2n9eo1n8 156 14 given give VBN cord-327278-2n9eo1n8 156 15 by by IN cord-327278-2n9eo1n8 156 16 ( ( -LRB- cord-327278-2n9eo1n8 156 17 3 3 CD cord-327278-2n9eo1n8 156 18 ) ) -RRB- cord-327278-2n9eo1n8 156 19 and and CC cord-327278-2n9eo1n8 156 20 ( ( -LRB- cord-327278-2n9eo1n8 156 21 1 1 LS cord-327278-2n9eo1n8 156 22 ) ) -RRB- cord-327278-2n9eo1n8 156 23 with with IN cord-327278-2n9eo1n8 157 1 z z NNP cord-327278-2n9eo1n8 157 2 t t NNP cord-327278-2n9eo1n8 157 3 ¼ ¼ NNP cord-327278-2n9eo1n8 157 4 ( ( -LRB- cord-327278-2n9eo1n8 157 5 1,t 1,t CD cord-327278-2n9eo1n8 157 6 ) ) -RRB- cord-327278-2n9eo1n8 157 7 T t NN cord-327278-2n9eo1n8 157 8 , , , cord-327278-2n9eo1n8 157 9 i.e. i.e. FW cord-327278-2n9eo1n8 157 10 , , , cord-327278-2n9eo1n8 157 11 where where WRB cord-327278-2n9eo1n8 157 12 y y NNP cord-327278-2n9eo1n8 157 13 t t NNP cord-327278-2n9eo1n8 157 14 refers refer VBZ cord-327278-2n9eo1n8 157 15 to to IN cord-327278-2n9eo1n8 157 16 each each DT cord-327278-2n9eo1n8 157 17 of of IN cord-327278-2n9eo1n8 157 18 the the DT cord-327278-2n9eo1n8 157 19 observed observed JJ cord-327278-2n9eo1n8 157 20 time time NN cord-327278-2n9eo1n8 157 21 series series NNP cord-327278-2n9eo1n8 157 22 ( ( -LRB- cord-327278-2n9eo1n8 157 23 energy energy NN cord-327278-2n9eo1n8 157 24 consumption consumption NN cord-327278-2n9eo1n8 157 25 and and CC cord-327278-2n9eo1n8 157 26 prices price NNS cord-327278-2n9eo1n8 157 27 in in IN cord-327278-2n9eo1n8 157 28 the the DT cord-327278-2n9eo1n8 157 29 spot spot NN cord-327278-2n9eo1n8 157 30 and and CC cord-327278-2n9eo1n8 157 31 future future JJ cord-327278-2n9eo1n8 157 32 markets market NNS cord-327278-2n9eo1n8 157 33 ) ) -RRB- cord-327278-2n9eo1n8 157 34 ; ; : cord-327278-2n9eo1n8 157 35 β β NN cord-327278-2n9eo1n8 157 36 0 0 CD cord-327278-2n9eo1n8 157 37 and and CC cord-327278-2n9eo1n8 157 38 β β NN cord-327278-2n9eo1n8 157 39 1 1 CD cord-327278-2n9eo1n8 157 40 are be VBP cord-327278-2n9eo1n8 157 41 unknown unknown JJ cord-327278-2n9eo1n8 157 42 coefficients coefficient NNS cord-327278-2n9eo1n8 157 43 referring refer VBG cord-327278-2n9eo1n8 157 44 , , , cord-327278-2n9eo1n8 157 45 respectively respectively RB cord-327278-2n9eo1n8 157 46 , , , cord-327278-2n9eo1n8 157 47 to to IN cord-327278-2n9eo1n8 157 48 an an DT cord-327278-2n9eo1n8 157 49 intercept intercept NN cord-327278-2n9eo1n8 157 50 and and CC cord-327278-2n9eo1n8 157 51 a a DT cord-327278-2n9eo1n8 157 52 linear linear JJ cord-327278-2n9eo1n8 157 53 time time NN cord-327278-2n9eo1n8 157 54 trend trend NN cord-327278-2n9eo1n8 157 55 , , . cord-327278-2n9eo1n8 158 1 while while IN cord-327278-2n9eo1n8 158 2 x x NNP cord-327278-2n9eo1n8 158 3 t t NNP cord-327278-2n9eo1n8 158 4 is be VBZ cord-327278-2n9eo1n8 158 5 supposed suppose VBN cord-327278-2n9eo1n8 158 6 to to TO cord-327278-2n9eo1n8 158 7 be be VB cord-327278-2n9eo1n8 158 8 I(d i(d RB cord-327278-2n9eo1n8 158 9 ) ) -RRB- cord-327278-2n9eo1n8 158 10 , , , cord-327278-2n9eo1n8 158 11 where where WRB cord-327278-2n9eo1n8 158 12 d d NN cord-327278-2n9eo1n8 158 13 can can MD cord-327278-2n9eo1n8 158 14 be be VB cord-327278-2n9eo1n8 158 15 any any DT cord-327278-2n9eo1n8 158 16 real real JJ cord-327278-2n9eo1n8 158 17 value value NN cord-327278-2n9eo1n8 158 18 ; ; : cord-327278-2n9eo1n8 158 19 finally finally RB cord-327278-2n9eo1n8 158 20 , , , cord-327278-2n9eo1n8 158 21 u u NNP cord-327278-2n9eo1n8 158 22 t t NNP cord-327278-2n9eo1n8 158 23 is be VBZ cord-327278-2n9eo1n8 158 24 I(0 I(0 NNP cord-327278-2n9eo1n8 158 25 ) ) -RRB- cord-327278-2n9eo1n8 158 26 , , , cord-327278-2n9eo1n8 158 27 expressed express VBN cord-327278-2n9eo1n8 158 28 in in IN cord-327278-2n9eo1n8 158 29 terms term NNS cord-327278-2n9eo1n8 158 30 of of IN cord-327278-2n9eo1n8 158 31 both both DT cord-327278-2n9eo1n8 158 32 uncorrelated uncorrelated JJ cord-327278-2n9eo1n8 158 33 and and CC cord-327278-2n9eo1n8 158 34 autocorrelated autocorrelate VBN cord-327278-2n9eo1n8 158 35 ( ( -LRB- cord-327278-2n9eo1n8 158 36 Bloomfield Bloomfield NNP cord-327278-2n9eo1n8 158 37 ) ) -RRB- cord-327278-2n9eo1n8 158 38 errors error NNS cord-327278-2n9eo1n8 158 39 . . . cord-327278-2n9eo1n8 159 1 Bloomfield Bloomfield NNP cord-327278-2n9eo1n8 159 2 [ [ -LRB- cord-327278-2n9eo1n8 159 3 50 50 CD cord-327278-2n9eo1n8 159 4 ] ] -RRB- cord-327278-2n9eo1n8 159 5 proposed propose VBD cord-327278-2n9eo1n8 159 6 an an DT cord-327278-2n9eo1n8 159 7 alternative alternative NN cord-327278-2n9eo1n8 159 8 to to IN cord-327278-2n9eo1n8 159 9 the the DT cord-327278-2n9eo1n8 159 10 ARMA ARMA NNP cord-327278-2n9eo1n8 159 11 modelling modelling NN cord-327278-2n9eo1n8 159 12 in in IN cord-327278-2n9eo1n8 159 13 a a DT cord-327278-2n9eo1n8 159 14 non non JJ cord-327278-2n9eo1n8 159 15 - - JJ cord-327278-2n9eo1n8 159 16 parametric parametric JJ cord-327278-2n9eo1n8 159 17 way way NN cord-327278-2n9eo1n8 159 18 . . . cord-327278-2n9eo1n8 160 1 It -PRON- PRP cord-327278-2n9eo1n8 160 2 is be VBZ cord-327278-2n9eo1n8 160 3 non non JJ cord-327278-2n9eo1n8 160 4 - - JJ cord-327278-2n9eo1n8 160 5 parametric parametric JJ cord-327278-2n9eo1n8 160 6 because because IN cord-327278-2n9eo1n8 160 7 there there EX cord-327278-2n9eo1n8 160 8 is be VBZ cord-327278-2n9eo1n8 160 9 no no DT cord-327278-2n9eo1n8 160 10 explicit explicit JJ cord-327278-2n9eo1n8 160 11 form form NN cord-327278-2n9eo1n8 160 12 for for IN cord-327278-2n9eo1n8 160 13 the the DT cord-327278-2n9eo1n8 160 14 model model NN cord-327278-2n9eo1n8 160 15 since since IN cord-327278-2n9eo1n8 160 16 it -PRON- PRP cord-327278-2n9eo1n8 160 17 is be VBZ cord-327278-2n9eo1n8 160 18 exclusively exclusively RB cord-327278-2n9eo1n8 160 19 presented present VBN cord-327278-2n9eo1n8 160 20 in in IN cord-327278-2n9eo1n8 160 21 terms term NNS cord-327278-2n9eo1n8 160 22 of of IN cord-327278-2n9eo1n8 160 23 its -PRON- PRP$ cord-327278-2n9eo1n8 160 24 spectral spectral JJ cord-327278-2n9eo1n8 160 25 density density NN cord-327278-2n9eo1n8 160 26 function function NN cord-327278-2n9eo1n8 160 27 . . . cord-327278-2n9eo1n8 161 1 He -PRON- PRP cord-327278-2n9eo1n8 161 2 showed show VBD cord-327278-2n9eo1n8 161 3 that that IN cord-327278-2n9eo1n8 161 4 the the DT cord-327278-2n9eo1n8 161 5 log log NN cord-327278-2n9eo1n8 161 6 of of IN cord-327278-2n9eo1n8 161 7 that that DT cord-327278-2n9eo1n8 161 8 function function NN cord-327278-2n9eo1n8 161 9 approximates approximate VBZ cord-327278-2n9eo1n8 161 10 very very RB cord-327278-2n9eo1n8 161 11 well well RB cord-327278-2n9eo1n8 161 12 the the DT cord-327278-2n9eo1n8 161 13 log log NN cord-327278-2n9eo1n8 161 14 spectrum spectrum NN cord-327278-2n9eo1n8 161 15 of of IN cord-327278-2n9eo1n8 161 16 AR AR NNP cord-327278-2n9eo1n8 161 17 processes process NNS cord-327278-2n9eo1n8 161 18 , , , cord-327278-2n9eo1n8 161 19 producing produce VBG cord-327278-2n9eo1n8 161 20 also also RB cord-327278-2n9eo1n8 161 21 autocorrelations autocorrelation NNS cord-327278-2n9eo1n8 161 22 that that WDT cord-327278-2n9eo1n8 161 23 decay decay VBP cord-327278-2n9eo1n8 161 24 exponentially exponentially RB cord-327278-2n9eo1n8 161 25 fast fast RB cord-327278-2n9eo1n8 161 26 as as IN cord-327278-2n9eo1n8 161 27 in in IN cord-327278-2n9eo1n8 161 28 the the DT cord-327278-2n9eo1n8 161 29 AR AR NNP cord-327278-2n9eo1n8 161 30 model model NN cord-327278-2n9eo1n8 161 31 . . . cord-327278-2n9eo1n8 162 1 In in IN cord-327278-2n9eo1n8 162 2 all all DT cord-327278-2n9eo1n8 162 3 cases case NNS cord-327278-2n9eo1n8 162 4 , , , cord-327278-2n9eo1n8 162 5 we -PRON- PRP cord-327278-2n9eo1n8 162 6 present present VBP cord-327278-2n9eo1n8 162 7 the the DT cord-327278-2n9eo1n8 162 8 results result NNS cord-327278-2n9eo1n8 162 9 for for IN cord-327278-2n9eo1n8 162 10 the the DT cord-327278-2n9eo1n8 162 11 original original JJ cord-327278-2n9eo1n8 162 12 data datum NNS cord-327278-2n9eo1n8 162 13 as as RB cord-327278-2n9eo1n8 162 14 well well RB cord-327278-2n9eo1n8 162 15 as as IN cord-327278-2n9eo1n8 162 16 for for IN cord-327278-2n9eo1n8 162 17 the the DT cord-327278-2n9eo1n8 162 18 log log NN cord-327278-2n9eo1n8 162 19 - - HYPH cord-327278-2n9eo1n8 162 20 transformed transform VBN cord-327278-2n9eo1n8 162 21 values value NNS cord-327278-2n9eo1n8 162 22 . . . cord-327278-2n9eo1n8 163 1 Table table NN cord-327278-2n9eo1n8 163 2 3 3 CD cord-327278-2n9eo1n8 163 3 displays display VBZ cord-327278-2n9eo1n8 163 4 the the DT cord-327278-2n9eo1n8 163 5 estimates estimate NNS cord-327278-2n9eo1n8 163 6 of of IN cord-327278-2n9eo1n8 163 7 d d NN cord-327278-2n9eo1n8 163 8 ( ( -LRB- cord-327278-2n9eo1n8 163 9 and and CC cord-327278-2n9eo1n8 163 10 their -PRON- PRP$ cord-327278-2n9eo1n8 163 11 associated associate VBN cord-327278-2n9eo1n8 163 12 95 95 CD cord-327278-2n9eo1n8 163 13 % % NN cord-327278-2n9eo1n8 163 14 confidence confidence NN cord-327278-2n9eo1n8 163 15 intervals interval NNS cord-327278-2n9eo1n8 163 16 ) ) -RRB- cord-327278-2n9eo1n8 163 17 under under IN cord-327278-2n9eo1n8 163 18 the the DT cord-327278-2n9eo1n8 163 19 assumption assumption NN cord-327278-2n9eo1n8 163 20 of of IN cord-327278-2n9eo1n8 163 21 white white JJ cord-327278-2n9eo1n8 163 22 noise noise NN cord-327278-2n9eo1n8 163 23 errors error NNS cord-327278-2n9eo1n8 163 24 . . . cord-327278-2n9eo1n8 164 1 The the DT cord-327278-2n9eo1n8 164 2 results result NNS cord-327278-2n9eo1n8 164 3 for for IN cord-327278-2n9eo1n8 164 4 the the DT cord-327278-2n9eo1n8 164 5 three three CD cord-327278-2n9eo1n8 164 6 standard standard JJ cord-327278-2n9eo1n8 164 7 cases case NNS cord-327278-2n9eo1n8 164 8 of of IN cord-327278-2n9eo1n8 164 9 : : : cord-327278-2n9eo1n8 164 10 i i LS cord-327278-2n9eo1n8 164 11 ) ) -RRB- cord-327278-2n9eo1n8 164 12 no no DT cord-327278-2n9eo1n8 164 13 deterministic deterministic JJ cord-327278-2n9eo1n8 164 14 terms term NNS cord-327278-2n9eo1n8 164 15 ( ( -LRB- cord-327278-2n9eo1n8 164 16 i.e. i.e. FW cord-327278-2n9eo1n8 164 17 , , , cord-327278-2n9eo1n8 164 18 β β NN cord-327278-2n9eo1n8 164 19 0 0 CD cord-327278-2n9eo1n8 164 20 ¼ ¼ NNP cord-327278-2n9eo1n8 164 21 β β NN cord-327278-2n9eo1n8 164 22 1 1 CD cord-327278-2n9eo1n8 164 23 ¼ ¼ CD cord-327278-2n9eo1n8 164 24 0 0 CD cord-327278-2n9eo1n8 164 25 in in IN cord-327278-2n9eo1n8 164 26 ( ( -LRB- cord-327278-2n9eo1n8 164 27 4 4 CD cord-327278-2n9eo1n8 164 28 ) ) -RRB- cord-327278-2n9eo1n8 164 29 ) ) -RRB- cord-327278-2n9eo1n8 164 30 , , , cord-327278-2n9eo1n8 164 31 ii ii LS cord-327278-2n9eo1n8 164 32 ) ) -RRB- cord-327278-2n9eo1n8 164 33 an an DT cord-327278-2n9eo1n8 164 34 intercept intercept NN cord-327278-2n9eo1n8 164 35 ( ( -LRB- cord-327278-2n9eo1n8 164 36 β β NN cord-327278-2n9eo1n8 164 37 1 1 CD cord-327278-2n9eo1n8 164 38 ¼ ¼ CD cord-327278-2n9eo1n8 164 39 0 0 CD cord-327278-2n9eo1n8 164 40 in in IN cord-327278-2n9eo1n8 164 41 ( ( -LRB- cord-327278-2n9eo1n8 164 42 4 4 CD cord-327278-2n9eo1n8 164 43 ) ) -RRB- cord-327278-2n9eo1n8 164 44 ) ) -RRB- cord-327278-2n9eo1n8 164 45 , , , cord-327278-2n9eo1n8 164 46 and and CC cord-327278-2n9eo1n8 164 47 iii iii LS cord-327278-2n9eo1n8 164 48 ) ) -RRB- cord-327278-2n9eo1n8 165 1 an an DT cord-327278-2n9eo1n8 165 2 intercept intercept NN cord-327278-2n9eo1n8 165 3 with with IN cord-327278-2n9eo1n8 165 4 a a DT cord-327278-2n9eo1n8 165 5 linear linear JJ cord-327278-2n9eo1n8 165 6 time time NN cord-327278-2n9eo1n8 165 7 trend trend NN cord-327278-2n9eo1n8 165 8 ( ( -LRB- cord-327278-2n9eo1n8 165 9 β β NN cord-327278-2n9eo1n8 165 10 0 0 CD cord-327278-2n9eo1n8 165 11 and and CC cord-327278-2n9eo1n8 165 12 β β NN cord-327278-2n9eo1n8 165 13 1 1 CD cord-327278-2n9eo1n8 165 14 unknown unknown JJ cord-327278-2n9eo1n8 165 15 ) ) -RRB- cord-327278-2n9eo1n8 165 16 have have VBP cord-327278-2n9eo1n8 165 17 been be VBN cord-327278-2n9eo1n8 165 18 displayed display VBN cord-327278-2n9eo1n8 165 19 , , , cord-327278-2n9eo1n8 165 20 marking mark VBG cord-327278-2n9eo1n8 165 21 in in IN cord-327278-2n9eo1n8 165 22 bold bold JJ cord-327278-2n9eo1n8 165 23 in in IN cord-327278-2n9eo1n8 165 24 the the DT cord-327278-2n9eo1n8 165 25 table table NN cord-327278-2n9eo1n8 165 26 the the DT cord-327278-2n9eo1n8 165 27 selected select VBN cord-327278-2n9eo1n8 165 28 model model NN cord-327278-2n9eo1n8 165 29 for for IN cord-327278-2n9eo1n8 165 30 each each DT cord-327278-2n9eo1n8 165 31 series series NN cord-327278-2n9eo1n8 165 32 , , , cord-327278-2n9eo1n8 165 33 based base VBN cord-327278-2n9eo1n8 165 34 on on IN cord-327278-2n9eo1n8 165 35 the the DT cord-327278-2n9eo1n8 165 36 t t NN cord-327278-2n9eo1n8 165 37 - - HYPH cord-327278-2n9eo1n8 165 38 values value NNS cord-327278-2n9eo1n8 165 39 of of IN cord-327278-2n9eo1n8 165 40 the the DT cord-327278-2n9eo1n8 165 41 estimated estimate VBN cord-327278-2n9eo1n8 165 42 coefficients coefficient NNS cord-327278-2n9eo1n8 165 43 on on IN cord-327278-2n9eo1n8 165 44 the the DT cord-327278-2n9eo1n8 165 45 d d VBN cord-327278-2n9eo1n8 165 46 - - HYPH cord-327278-2n9eo1n8 165 47 differenced differenced JJ cord-327278-2n9eo1n8 165 48 series series NN cord-327278-2n9eo1n8 165 49 . . . cord-327278-2n9eo1n8 166 1 The the DT cord-327278-2n9eo1n8 166 2 first first JJ cord-327278-2n9eo1n8 166 3 thing thing NN cord-327278-2n9eo1n8 166 4 that that WDT cord-327278-2n9eo1n8 166 5 can can MD cord-327278-2n9eo1n8 166 6 be be VB cord-327278-2n9eo1n8 166 7 observed observe VBN cord-327278-2n9eo1n8 166 8 in in IN cord-327278-2n9eo1n8 166 9 Table Table NNP cord-327278-2n9eo1n8 166 10 3 3 CD cord-327278-2n9eo1n8 166 11 is be VBZ cord-327278-2n9eo1n8 166 12 that that IN cord-327278-2n9eo1n8 166 13 the the DT cord-327278-2n9eo1n8 166 14 time time NN cord-327278-2n9eo1n8 166 15 trend trend NN cord-327278-2n9eo1n8 166 16 is be VBZ cord-327278-2n9eo1n8 166 17 not not RB cord-327278-2n9eo1n8 166 18 required require VBN cord-327278-2n9eo1n8 166 19 in in IN cord-327278-2n9eo1n8 166 20 any any DT cord-327278-2n9eo1n8 166 21 single single JJ cord-327278-2n9eo1n8 166 22 case case NN cord-327278-2n9eo1n8 166 23 , , , cord-327278-2n9eo1n8 166 24 and and CC cord-327278-2n9eo1n8 166 25 the the DT cord-327278-2n9eo1n8 166 26 intercept intercept NN cord-327278-2n9eo1n8 166 27 is be VBZ cord-327278-2n9eo1n8 166 28 sufficient sufficient JJ cord-327278-2n9eo1n8 166 29 to to TO cord-327278-2n9eo1n8 166 30 describe describe VB cord-327278-2n9eo1n8 166 31 the the DT cord-327278-2n9eo1n8 166 32 deterministic deterministic JJ cord-327278-2n9eo1n8 166 33 terms term NNS cord-327278-2n9eo1n8 166 34 . . . cord-327278-2n9eo1n8 167 1 While while IN cord-327278-2n9eo1n8 167 2 focusing focus VBG cord-327278-2n9eo1n8 167 3 on on IN cord-327278-2n9eo1n8 167 4 the the DT cord-327278-2n9eo1n8 167 5 estimated estimate VBN cord-327278-2n9eo1n8 167 6 values value NNS cord-327278-2n9eo1n8 167 7 of of IN cord-327278-2n9eo1n8 167 8 d d NN cord-327278-2n9eo1n8 167 9 , , , cord-327278-2n9eo1n8 167 10 it -PRON- PRP cord-327278-2n9eo1n8 167 11 can can MD cord-327278-2n9eo1n8 167 12 be be VB cord-327278-2n9eo1n8 167 13 seen see VBN cord-327278-2n9eo1n8 167 14 that that IN cord-327278-2n9eo1n8 167 15 in in IN cord-327278-2n9eo1n8 167 16 all all DT cord-327278-2n9eo1n8 167 17 cases case NNS cord-327278-2n9eo1n8 167 18 the the DT cord-327278-2n9eo1n8 167 19 values value NNS cord-327278-2n9eo1n8 167 20 are be VBP cord-327278-2n9eo1n8 167 21 constrained constrain VBN cord-327278-2n9eo1n8 167 22 between between IN cord-327278-2n9eo1n8 167 23 0 0 CD cord-327278-2n9eo1n8 167 24 and and CC cord-327278-2n9eo1n8 167 25 1 1 CD cord-327278-2n9eo1n8 167 26 and and CC cord-327278-2n9eo1n8 167 27 both both DT cord-327278-2n9eo1n8 167 28 hypotheses hypothesis NNS cord-327278-2n9eo1n8 167 29 ( ( -LRB- cord-327278-2n9eo1n8 167 30 I(0 I(0 NNP cord-327278-2n9eo1n8 167 31 ) ) -RRB- cord-327278-2n9eo1n8 167 32 and and CC cord-327278-2n9eo1n8 167 33 I(1 I(1 NNP cord-327278-2n9eo1n8 167 34 ) ) -RRB- cord-327278-2n9eo1n8 167 35 ) ) -RRB- cord-327278-2n9eo1n8 167 36 are be VBP cord-327278-2n9eo1n8 167 37 decisively decisively RB cord-327278-2n9eo1n8 167 38 rejected reject VBN cord-327278-2n9eo1n8 167 39 in in IN cord-327278-2n9eo1n8 167 40 favour favour NN cord-327278-2n9eo1n8 167 41 of of IN cord-327278-2n9eo1n8 167 42 fractional fractional JJ cord-327278-2n9eo1n8 167 43 integration integration NN cord-327278-2n9eo1n8 167 44 . . . cord-327278-2n9eo1n8 168 1 Starting start VBG cord-327278-2n9eo1n8 168 2 with with IN cord-327278-2n9eo1n8 168 3 the the DT cord-327278-2n9eo1n8 168 4 spot spot NN cord-327278-2n9eo1n8 168 5 market market NN cord-327278-2n9eo1n8 168 6 , , , cord-327278-2n9eo1n8 168 7 it -PRON- PRP cord-327278-2n9eo1n8 168 8 is be VBZ cord-327278-2n9eo1n8 168 9 observed observe VBN cord-327278-2n9eo1n8 168 10 that that IN cord-327278-2n9eo1n8 168 11 the the DT cord-327278-2n9eo1n8 168 12 estimated estimate VBN cord-327278-2n9eo1n8 168 13 value value NN cord-327278-2n9eo1n8 168 14 of of IN cord-327278-2n9eo1n8 168 15 d d NN cord-327278-2n9eo1n8 168 16 is be VBZ cord-327278-2n9eo1n8 168 17 0.72 0.72 CD cord-327278-2n9eo1n8 168 18 for for IN cord-327278-2n9eo1n8 168 19 consumption consumption NN cord-327278-2n9eo1n8 168 20 and and CC cord-327278-2n9eo1n8 168 21 0.64 0.64 CD cord-327278-2n9eo1n8 168 22 for for IN cord-327278-2n9eo1n8 168 23 the the DT cord-327278-2n9eo1n8 168 24 energy energy NN cord-327278-2n9eo1n8 168 25 prices price NNS cord-327278-2n9eo1n8 168 26 , , , cord-327278-2n9eo1n8 168 27 and and CC cord-327278-2n9eo1n8 168 28 the the DT cord-327278-2n9eo1n8 168 29 values value NNS cord-327278-2n9eo1n8 168 30 are be VBP cord-327278-2n9eo1n8 168 31 slightly slightly RB cord-327278-2n9eo1n8 168 32 smaller small JJR cord-327278-2n9eo1n8 168 33 ( ( -LRB- cord-327278-2n9eo1n8 168 34 0.70 0.70 CD cord-327278-2n9eo1n8 168 35 and and CC cord-327278-2n9eo1n8 168 36 0.54 0.54 CD cord-327278-2n9eo1n8 168 37 ) ) -RRB- cord-327278-2n9eo1n8 168 38 in in IN cord-327278-2n9eo1n8 168 39 the the DT cord-327278-2n9eo1n8 168 40 case case NN cord-327278-2n9eo1n8 168 41 of of IN cord-327278-2n9eo1n8 168 42 the the DT cord-327278-2n9eo1n8 168 43 log log NN cord-327278-2n9eo1n8 168 44 transformed transform VBN cord-327278-2n9eo1n8 168 45 data datum NNS cord-327278-2n9eo1n8 168 46 . . . cord-327278-2n9eo1n8 169 1 For for IN cord-327278-2n9eo1n8 169 2 the the DT cord-327278-2n9eo1n8 169 3 futures future NNS cord-327278-2n9eo1n8 169 4 market market NN cord-327278-2n9eo1n8 169 5 , , , cord-327278-2n9eo1n8 169 6 the the DT cord-327278-2n9eo1n8 169 7 values value NNS cord-327278-2n9eo1n8 169 8 are be VBP cord-327278-2n9eo1n8 169 9 much much RB cord-327278-2n9eo1n8 169 10 smaller small JJR cord-327278-2n9eo1n8 169 11 , , , cord-327278-2n9eo1n8 169 12 being be VBG cord-327278-2n9eo1n8 169 13 0.24 0.24 CD cord-327278-2n9eo1n8 169 14 ( ( -LRB- cord-327278-2n9eo1n8 169 15 and and CC cord-327278-2n9eo1n8 169 16 0.27 0.27 CD cord-327278-2n9eo1n8 169 17 for for IN cord-327278-2n9eo1n8 169 18 the the DT cord-327278-2n9eo1n8 169 19 logged log VBN cord-327278-2n9eo1n8 169 20 values value NNS cord-327278-2n9eo1n8 169 21 ) ) -RRB- cord-327278-2n9eo1n8 169 22 in in IN cord-327278-2n9eo1n8 169 23 the the DT cord-327278-2n9eo1n8 169 24 case case NN cord-327278-2n9eo1n8 169 25 of of IN cord-327278-2n9eo1n8 169 26 the the DT cord-327278-2n9eo1n8 169 27 energy energy NN cord-327278-2n9eo1n8 169 28 consumption consumption NN cord-327278-2n9eo1n8 169 29 and and CC cord-327278-2n9eo1n8 169 30 0.54 0.54 CD cord-327278-2n9eo1n8 169 31 ( ( -LRB- cord-327278-2n9eo1n8 169 32 0.48 0.48 CD cord-327278-2n9eo1n8 169 33 ) ) -RRB- cord-327278-2n9eo1n8 169 34 for for IN cord-327278-2n9eo1n8 169 35 prices price NNS cord-327278-2n9eo1n8 169 36 . . . cord-327278-2n9eo1n8 170 1 Thus thus RB cord-327278-2n9eo1n8 170 2 , , , cord-327278-2n9eo1n8 170 3 evidence evidence NN cord-327278-2n9eo1n8 170 4 of of IN cord-327278-2n9eo1n8 170 5 long long JJ cord-327278-2n9eo1n8 170 6 memory memory NN cord-327278-2n9eo1n8 170 7 ( ( -LRB- cord-327278-2n9eo1n8 170 8 d d NN cord-327278-2n9eo1n8 170 9 > > XX cord-327278-2n9eo1n8 170 10 0 0 NFP cord-327278-2n9eo1n8 170 11 ) ) -RRB- cord-327278-2n9eo1n8 170 12 and and CC cord-327278-2n9eo1n8 170 13 mean mean VB cord-327278-2n9eo1n8 170 14 reversion reversion NN cord-327278-2n9eo1n8 170 15 ( ( -LRB- cord-327278-2n9eo1n8 170 16 d d NN cord-327278-2n9eo1n8 170 17 < < NNP cord-327278-2n9eo1n8 170 18 1 1 CD cord-327278-2n9eo1n8 170 19 ) ) -RRB- cord-327278-2n9eo1n8 170 20 is be VBZ cord-327278-2n9eo1n8 170 21 obtained obtain VBN cord-327278-2n9eo1n8 170 22 in in IN cord-327278-2n9eo1n8 170 23 all all DT cord-327278-2n9eo1n8 170 24 cases case NNS cord-327278-2n9eo1n8 170 25 , , , cord-327278-2n9eo1n8 170 26 and and CC cord-327278-2n9eo1n8 170 27 thought think VBD cord-327278-2n9eo1n8 170 28 consumption consumption NN cord-327278-2n9eo1n8 170 29 seems seem VBZ cord-327278-2n9eo1n8 170 30 to to TO cord-327278-2n9eo1n8 170 31 be be VB cord-327278-2n9eo1n8 170 32 nonstatonary nonstatonary JJ cord-327278-2n9eo1n8 171 1 ( ( -LRB- cord-327278-2n9eo1n8 171 2 d d NNP cord-327278-2n9eo1n8 171 3 � � NNP cord-327278-2n9eo1n8 171 4 0.5 0.5 CD cord-327278-2n9eo1n8 171 5 ) ) -RRB- cord-327278-2n9eo1n8 172 1 , , , cord-327278-2n9eo1n8 172 2 prices price NNS cord-327278-2n9eo1n8 172 3 follow follow VBP cord-327278-2n9eo1n8 172 4 a a DT cord-327278-2n9eo1n8 172 5 stationary stationary JJ cord-327278-2n9eo1n8 172 6 path path NN cord-327278-2n9eo1n8 172 7 ( ( -LRB- cord-327278-2n9eo1n8 172 8 d d XX cord-327278-2n9eo1n8 172 9 < < XX cord-327278-2n9eo1n8 172 10 0.50 0.50 CD cord-327278-2n9eo1n8 172 11 ) ) -RRB- cord-327278-2n9eo1n8 173 1 In in IN cord-327278-2n9eo1n8 173 2 Table Table NNP cord-327278-2n9eo1n8 173 3 4 4 CD cord-327278-2n9eo1n8 173 4 we -PRON- PRP cord-327278-2n9eo1n8 173 5 allow allow VBP cord-327278-2n9eo1n8 173 6 the the DT cord-327278-2n9eo1n8 173 7 error error NN cord-327278-2n9eo1n8 173 8 term term NN cord-327278-2n9eo1n8 173 9 to to TO cord-327278-2n9eo1n8 173 10 be be VB cord-327278-2n9eo1n8 173 11 autocorrelated autocorrelate VBN cord-327278-2n9eo1n8 173 12 . . . cord-327278-2n9eo1n8 174 1 However however RB cord-327278-2n9eo1n8 174 2 , , , cord-327278-2n9eo1n8 174 3 instead instead RB cord-327278-2n9eo1n8 174 4 of of IN cord-327278-2n9eo1n8 174 5 imposing impose VBG cord-327278-2n9eo1n8 174 6 a a DT cord-327278-2n9eo1n8 174 7 specific specific JJ cord-327278-2n9eo1n8 174 8 modelling modelling NN cord-327278-2n9eo1n8 174 9 assumption assumption NN cord-327278-2n9eo1n8 174 10 for for IN cord-327278-2n9eo1n8 174 11 u u NNP cord-327278-2n9eo1n8 174 12 t t NNP cord-327278-2n9eo1n8 174 13 in in IN cord-327278-2n9eo1n8 174 14 ( ( -LRB- cord-327278-2n9eo1n8 174 15 4 4 CD cord-327278-2n9eo1n8 174 16 ) ) -RRB- cord-327278-2n9eo1n8 174 17 , , , cord-327278-2n9eo1n8 174 18 we -PRON- PRP cord-327278-2n9eo1n8 174 19 use use VBP cord-327278-2n9eo1n8 174 20 here here RB cord-327278-2n9eo1n8 174 21 a a DT cord-327278-2n9eo1n8 174 22 non non JJ cord-327278-2n9eo1n8 174 23 - - JJ cord-327278-2n9eo1n8 174 24 parametric parametric JJ cord-327278-2n9eo1n8 174 25 method method NN cord-327278-2n9eo1n8 174 26 due due IN cord-327278-2n9eo1n8 174 27 to to IN cord-327278-2n9eo1n8 174 28 Bloomfield Bloomfield NNP cord-327278-2n9eo1n8 174 29 [ [ -LRB- cord-327278-2n9eo1n8 174 30 50 50 CD cord-327278-2n9eo1n8 174 31 ] ] -RRB- cord-327278-2n9eo1n8 174 32 . . . cord-327278-2n9eo1n8 175 1 It -PRON- PRP cord-327278-2n9eo1n8 175 2 is be VBZ cord-327278-2n9eo1n8 175 3 called call VBN cord-327278-2n9eo1n8 175 4 non non JJ cord-327278-2n9eo1n8 175 5 - - JJ cord-327278-2n9eo1n8 175 6 parametric parametric JJ cord-327278-2n9eo1n8 175 7 in in IN cord-327278-2n9eo1n8 175 8 the the DT cord-327278-2n9eo1n8 175 9 sense sense NN cord-327278-2n9eo1n8 175 10 that that IN cord-327278-2n9eo1n8 175 11 no no DT cord-327278-2n9eo1n8 175 12 functional functional JJ cord-327278-2n9eo1n8 175 13 form form NN cord-327278-2n9eo1n8 175 14 is be VBZ cord-327278-2n9eo1n8 175 15 explicitly explicitly RB cord-327278-2n9eo1n8 175 16 presented present VBN cord-327278-2n9eo1n8 175 17 for for IN cord-327278-2n9eo1n8 175 18 u u NNP cord-327278-2n9eo1n8 175 19 t t NNP cord-327278-2n9eo1n8 175 20 in in IN cord-327278-2n9eo1n8 175 21 ( ( -LRB- cord-327278-2n9eo1n8 175 22 4 4 CD cord-327278-2n9eo1n8 175 23 ) ) -RRB- cord-327278-2n9eo1n8 175 24 . . . cord-327278-2n9eo1n8 176 1 The the DT cord-327278-2n9eo1n8 176 2 model model NN cord-327278-2n9eo1n8 176 3 is be VBZ cord-327278-2n9eo1n8 176 4 exclusively exclusively RB cord-327278-2n9eo1n8 176 5 defined define VBN cord-327278-2n9eo1n8 176 6 in in IN cord-327278-2n9eo1n8 176 7 terms term NNS cord-327278-2n9eo1n8 176 8 of of IN cord-327278-2n9eo1n8 176 9 its -PRON- PRP$ cord-327278-2n9eo1n8 176 10 spectral spectral JJ cord-327278-2n9eo1n8 176 11 density density NN cord-327278-2n9eo1n8 176 12 function function NN cord-327278-2n9eo1n8 176 13 throughout throughout IN cord-327278-2n9eo1n8 176 14 an an DT cord-327278-2n9eo1n8 176 15 expression expression NN cord-327278-2n9eo1n8 176 16 that that WDT cord-327278-2n9eo1n8 176 17 approximates approximate VBZ cord-327278-2n9eo1n8 176 18 fairly fairly RB cord-327278-2n9eo1n8 176 19 well well RB cord-327278-2n9eo1n8 176 20 highly highly RB cord-327278-2n9eo1n8 176 21 parameterized parameterize VBN cord-327278-2n9eo1n8 176 22 ARMA ARMA NNP cord-327278-2n9eo1n8 176 23 process process NN cord-327278-2n9eo1n8 176 24 . . . cord-327278-2n9eo1n8 177 1 Moreover moreover RB cord-327278-2n9eo1n8 177 2 , , , cord-327278-2n9eo1n8 177 3 this this DT cord-327278-2n9eo1n8 177 4 approach approach NN cord-327278-2n9eo1n8 177 5 accommodates accommodate VBZ cord-327278-2n9eo1n8 177 6 extremely extremely RB cord-327278-2n9eo1n8 177 7 well well RB cord-327278-2n9eo1n8 177 8 in in IN cord-327278-2n9eo1n8 177 9 I(d i(d NN cord-327278-2n9eo1n8 177 10 ) ) -RRB- cord-327278-2n9eo1n8 177 11 models model NNS cord-327278-2n9eo1n8 177 12 ( ( -LRB- cord-327278-2n9eo1n8 177 13 see see VB cord-327278-2n9eo1n8 177 14 Ref Ref NNP cord-327278-2n9eo1n8 177 15 . . . cord-327278-2n9eo1n8 178 1 [ [ -LRB- cord-327278-2n9eo1n8 178 2 51 51 CD cord-327278-2n9eo1n8 178 3 ] ] -RRB- cord-327278-2n9eo1n8 178 4 . . . cord-327278-2n9eo1n8 179 1 The the DT cord-327278-2n9eo1n8 179 2 results result NNS cord-327278-2n9eo1n8 179 3 using use VBG cord-327278-2n9eo1n8 179 4 this this DT cord-327278-2n9eo1n8 179 5 approach approach NN cord-327278-2n9eo1n8 179 6 are be VBP cord-327278-2n9eo1n8 179 7 very very RB cord-327278-2n9eo1n8 179 8 similar similar JJ cord-327278-2n9eo1n8 179 9 to to IN cord-327278-2n9eo1n8 179 10 those those DT cord-327278-2n9eo1n8 179 11 given give VBN cord-327278-2n9eo1n8 179 12 in in IN cord-327278-2n9eo1n8 179 13 Table Table NNP cord-327278-2n9eo1n8 179 14 3 3 CD cord-327278-2n9eo1n8 179 15 in in IN cord-327278-2n9eo1n8 179 16 the the DT cord-327278-2n9eo1n8 179 17 sense sense NN cord-327278-2n9eo1n8 179 18 that that IN cord-327278-2n9eo1n8 179 19 all all DT cord-327278-2n9eo1n8 179 20 values value NNS cord-327278-2n9eo1n8 179 21 are be VBP cord-327278-2n9eo1n8 179 22 constrained constrain VBN cord-327278-2n9eo1n8 179 23 between between IN cord-327278-2n9eo1n8 179 24 0 0 CD cord-327278-2n9eo1n8 179 25 and and CC cord-327278-2n9eo1n8 179 26 1 1 CD cord-327278-2n9eo1n8 179 27 implying imply VBG cord-327278-2n9eo1n8 179 28 fractional fractional JJ cord-327278-2n9eo1n8 179 29 integration integration NN cord-327278-2n9eo1n8 179 30 and and CC cord-327278-2n9eo1n8 179 31 mean mean VB cord-327278-2n9eo1n8 179 32 reverting revert VBG cord-327278-2n9eo1n8 179 33 behaviour behaviour NN cord-327278-2n9eo1n8 179 34 . . . cord-327278-2n9eo1n8 180 1 Thus thus RB cord-327278-2n9eo1n8 180 2 , , , cord-327278-2n9eo1n8 180 3 shocks shock NNS cord-327278-2n9eo1n8 180 4 affecting affect VBG cord-327278-2n9eo1n8 180 5 these these DT cord-327278-2n9eo1n8 180 6 series series NN cord-327278-2n9eo1n8 180 7 will will MD cord-327278-2n9eo1n8 180 8 have have VB cord-327278-2n9eo1n8 180 9 transitory transitory JJ cord-327278-2n9eo1n8 180 10 though though IN cord-327278-2n9eo1n8 180 11 persistent persistent JJ cord-327278-2n9eo1n8 180 12 effects effect NNS cord-327278-2n9eo1n8 180 13 . . . cord-327278-2n9eo1n8 181 1 Thereafter thereafter RB cord-327278-2n9eo1n8 181 2 , , , cord-327278-2n9eo1n8 181 3 the the DT cord-327278-2n9eo1n8 181 4 relationships relationship NNS cord-327278-2n9eo1n8 181 5 between between IN cord-327278-2n9eo1n8 181 6 the the DT cord-327278-2n9eo1n8 181 7 two two CD cord-327278-2n9eo1n8 181 8 variables variable NNS cord-327278-2n9eo1n8 181 9 ( ( -LRB- cord-327278-2n9eo1n8 181 10 in in IN cord-327278-2n9eo1n8 181 11 logs logs NN cord-327278-2n9eo1n8 181 12 ) ) -RRB- cord-327278-2n9eo1n8 181 13 were be VBD cord-327278-2n9eo1n8 181 14 analyzed analyze VBN cord-327278-2n9eo1n8 181 15 by by IN cord-327278-2n9eo1n8 181 16 taking take VBG cord-327278-2n9eo1n8 181 17 a a DT cord-327278-2n9eo1n8 181 18 regression regression NN cord-327278-2n9eo1n8 181 19 of of IN cord-327278-2n9eo1n8 181 20 one one CD cord-327278-2n9eo1n8 181 21 of of IN cord-327278-2n9eo1n8 181 22 the the DT cord-327278-2n9eo1n8 181 23 variables variable NNS cord-327278-2n9eo1n8 181 24 against against IN cord-327278-2n9eo1n8 181 25 the the DT cord-327278-2n9eo1n8 181 26 other other JJ cord-327278-2n9eo1n8 181 27 . . . cord-327278-2n9eo1n8 182 1 Based base VBN cord-327278-2n9eo1n8 182 2 on on IN cord-327278-2n9eo1n8 182 3 the the DT cord-327278-2n9eo1n8 182 4 fractional fractional JJ cord-327278-2n9eo1n8 182 5 nature nature NN cord-327278-2n9eo1n8 182 6 of of IN cord-327278-2n9eo1n8 182 7 the the DT cord-327278-2n9eo1n8 182 8 two two CD cord-327278-2n9eo1n8 182 9 series series NN cord-327278-2n9eo1n8 182 10 , , , cord-327278-2n9eo1n8 182 11 one one CD cord-327278-2n9eo1n8 182 12 possibility possibility NN cord-327278-2n9eo1n8 182 13 here here RB cord-327278-2n9eo1n8 182 14 is be VBZ cord-327278-2n9eo1n8 182 15 to to TO cord-327278-2n9eo1n8 182 16 conduct conduct VB cord-327278-2n9eo1n8 182 17 a a DT cord-327278-2n9eo1n8 182 18 regression regression NN cord-327278-2n9eo1n8 182 19 model model NN cord-327278-2n9eo1n8 182 20 under under IN cord-327278-2n9eo1n8 182 21 the the DT cord-327278-2n9eo1n8 182 22 assumption assumption NN cord-327278-2n9eo1n8 182 23 that that IN cord-327278-2n9eo1n8 182 24 the the DT cord-327278-2n9eo1n8 182 25 independent independent JJ cord-327278-2n9eo1n8 182 26 variables variable NNS cord-327278-2n9eo1n8 182 27 are be VBP cord-327278-2n9eo1n8 182 28 exogenous exogenous JJ cord-327278-2n9eo1n8 182 29 to to IN cord-327278-2n9eo1n8 182 30 the the DT cord-327278-2n9eo1n8 182 31 system system NN cord-327278-2n9eo1n8 182 32 , , , cord-327278-2n9eo1n8 182 33 allowing allow VBG cord-327278-2n9eo1n8 182 34 the the DT cord-327278-2n9eo1n8 182 35 errors error NNS cord-327278-2n9eo1n8 182 36 to to TO cord-327278-2n9eo1n8 182 37 be be VB cord-327278-2n9eo1n8 182 38 potentially potentially RB cord-327278-2n9eo1n8 182 39 fractional fractional JJ cord-327278-2n9eo1n8 182 40 . . . cord-327278-2n9eo1n8 183 1 Thus thus RB cord-327278-2n9eo1n8 183 2 , , , cord-327278-2n9eo1n8 183 3 the the DT cord-327278-2n9eo1n8 183 4 following following JJ cord-327278-2n9eo1n8 183 5 regression regression NN cord-327278-2n9eo1n8 183 6 model model NN cord-327278-2n9eo1n8 183 7 was be VBD cord-327278-2n9eo1n8 183 8 considered consider VBN cord-327278-2n9eo1n8 183 9 first first JJ cord-327278-2n9eo1n8 183 10 , , , cord-327278-2n9eo1n8 183 11 where where WRB cord-327278-2n9eo1n8 183 12 C C NNP cord-327278-2n9eo1n8 183 13 refers refer VBZ cord-327278-2n9eo1n8 183 14 to to IN cord-327278-2n9eo1n8 183 15 energy energy NN cord-327278-2n9eo1n8 183 16 consumption consumption NN cord-327278-2n9eo1n8 183 17 and and CC cord-327278-2n9eo1n8 183 18 P p NN cord-327278-2n9eo1n8 183 19 to to IN cord-327278-2n9eo1n8 183 20 energy energy NN cord-327278-2n9eo1n8 183 21 prices price NNS cord-327278-2n9eo1n8 183 22 , , , cord-327278-2n9eo1n8 183 23 and and CC cord-327278-2n9eo1n8 183 24 with with IN cord-327278-2n9eo1n8 183 25 k k NNP cord-327278-2n9eo1n8 183 26 ¼ ¼ NNP cord-327278-2n9eo1n8 183 27 0 0 CD cord-327278-2n9eo1n8 183 28 , , , cord-327278-2n9eo1n8 183 29 1 1 CD cord-327278-2n9eo1n8 183 30 , , , cord-327278-2n9eo1n8 183 31 2 2 CD cord-327278-2n9eo1n8 183 32 , , , cord-327278-2n9eo1n8 183 33 3 3 CD cord-327278-2n9eo1n8 183 34 , , , cord-327278-2n9eo1n8 183 35 4 4 CD cord-327278-2n9eo1n8 183 36 and and CC cord-327278-2n9eo1n8 183 37 5 5 CD cord-327278-2n9eo1n8 183 38 . . . cord-327278-2n9eo1n8 184 1 Once once RB cord-327278-2n9eo1n8 184 2 more more JJR cord-327278-2n9eo1n8 184 3 , , , cord-327278-2n9eo1n8 184 4 we -PRON- PRP cord-327278-2n9eo1n8 184 5 present present VBP cord-327278-2n9eo1n8 184 6 the the DT cord-327278-2n9eo1n8 184 7 results result NNS cord-327278-2n9eo1n8 184 8 for for IN cord-327278-2n9eo1n8 184 9 the the DT cord-327278-2n9eo1n8 184 10 two two CD cord-327278-2n9eo1n8 184 11 cases case NNS cord-327278-2n9eo1n8 184 12 of of IN cord-327278-2n9eo1n8 184 13 uncorrelated uncorrelated JJ cord-327278-2n9eo1n8 184 14 ( ( -LRB- cord-327278-2n9eo1n8 184 15 white white JJ cord-327278-2n9eo1n8 184 16 noise noise NN cord-327278-2n9eo1n8 184 17 ) ) -RRB- cord-327278-2n9eo1n8 184 18 and and CC cord-327278-2n9eo1n8 184 19 autocorrelated autocorrelate VBN cord-327278-2n9eo1n8 184 20 ( ( -LRB- cord-327278-2n9eo1n8 184 21 Bloomfield Bloomfield NNP cord-327278-2n9eo1n8 184 22 ) ) -RRB- cord-327278-2n9eo1n8 184 23 errors error NNS cord-327278-2n9eo1n8 184 24 , , , cord-327278-2n9eo1n8 184 25 in in IN cord-327278-2n9eo1n8 184 26 Tables table NNS cord-327278-2n9eo1n8 184 27 5 5 CD cord-327278-2n9eo1n8 184 28 and and CC cord-327278-2n9eo1n8 184 29 6 6 CD cord-327278-2n9eo1n8 184 30 respectively respectively RB cord-327278-2n9eo1n8 184 31 . . . cord-327278-2n9eo1n8 185 1 The the DT cord-327278-2n9eo1n8 185 2 most most RBS cord-327278-2n9eo1n8 185 3 noticeable noticeable JJ cord-327278-2n9eo1n8 185 4 feature feature NN cord-327278-2n9eo1n8 185 5 observed observe VBN cord-327278-2n9eo1n8 185 6 in in IN cord-327278-2n9eo1n8 185 7 these these DT cord-327278-2n9eo1n8 185 8 two two CD cord-327278-2n9eo1n8 185 9 tables table NNS cord-327278-2n9eo1n8 185 10 is be VBZ cord-327278-2n9eo1n8 185 11 that that IN cord-327278-2n9eo1n8 185 12 contemporaneously contemporaneously RB cord-327278-2n9eo1n8 185 13 the the DT cord-327278-2n9eo1n8 185 14 slope slope NN cord-327278-2n9eo1n8 185 15 is be VBZ cord-327278-2n9eo1n8 185 16 statistical statistical JJ cord-327278-2n9eo1n8 185 17 significant significant JJ cord-327278-2n9eo1n8 185 18 in in IN cord-327278-2n9eo1n8 185 19 the the DT cord-327278-2n9eo1n8 185 20 two two CD cord-327278-2n9eo1n8 185 21 ( ( -LRB- cord-327278-2n9eo1n8 185 22 spot spot NN cord-327278-2n9eo1n8 185 23 and and CC cord-327278-2n9eo1n8 185 24 futures future NNS cord-327278-2n9eo1n8 185 25 ) ) -RRB- cord-327278-2n9eo1n8 185 26 markets market NNS cord-327278-2n9eo1n8 185 27 , , , cord-327278-2n9eo1n8 185 28 however however RB cord-327278-2n9eo1n8 185 29 , , , cord-327278-2n9eo1n8 185 30 allowing allow VBG cord-327278-2n9eo1n8 185 31 for for IN cord-327278-2n9eo1n8 185 32 lags lag NNS cord-327278-2n9eo1n8 185 33 ( ( -LRB- cord-327278-2n9eo1n8 185 34 k k XX cord-327278-2n9eo1n8 185 35 > > XX cord-327278-2n9eo1n8 185 36 0 0 NFP cord-327278-2n9eo1n8 185 37 ) ) -RRB- cord-327278-2n9eo1n8 186 1 the the DT cord-327278-2n9eo1n8 186 2 coefficient coefficient NN cord-327278-2n9eo1n8 186 3 only only RB cord-327278-2n9eo1n8 186 4 remains remain VBZ cord-327278-2n9eo1n8 186 5 significant significant JJ cord-327278-2n9eo1n8 186 6 in in IN cord-327278-2n9eo1n8 186 7 the the DT cord-327278-2n9eo1n8 186 8 case case NN cord-327278-2n9eo1n8 186 9 of of IN cord-327278-2n9eo1n8 186 10 the the DT cord-327278-2n9eo1n8 186 11 spot spot NN cord-327278-2n9eo1n8 186 12 market market NN cord-327278-2n9eo1n8 186 13 , , , cord-327278-2n9eo1n8 186 14 implying imply VBG cord-327278-2n9eo1n8 186 15 that that IN cord-327278-2n9eo1n8 186 16 prices price NNS cord-327278-2n9eo1n8 186 17 affect affect VBP cord-327278-2n9eo1n8 186 18 the the DT cord-327278-2n9eo1n8 186 19 behaviour behaviour NN cord-327278-2n9eo1n8 186 20 of of IN cord-327278-2n9eo1n8 186 21 energy energy NN cord-327278-2n9eo1n8 186 22 consumption consumption NN cord-327278-2n9eo1n8 186 23 in in IN cord-327278-2n9eo1n8 186 24 this this DT cord-327278-2n9eo1n8 186 25 market market NN cord-327278-2n9eo1n8 186 26 . . . cord-327278-2n9eo1n8 187 1 Finally finally RB cord-327278-2n9eo1n8 187 2 , , , cord-327278-2n9eo1n8 187 3 the the DT cord-327278-2n9eo1n8 187 4 same same JJ cord-327278-2n9eo1n8 187 5 experiment experiment NN cord-327278-2n9eo1n8 187 6 was be VBD cord-327278-2n9eo1n8 187 7 carried carry VBN cord-327278-2n9eo1n8 187 8 out out RP cord-327278-2n9eo1n8 187 9 but but CC cord-327278-2n9eo1n8 187 10 in in IN cord-327278-2n9eo1n8 187 11 the the DT cord-327278-2n9eo1n8 187 12 opposite opposite JJ cord-327278-2n9eo1n8 187 13 way way NN cord-327278-2n9eo1n8 187 14 , , , cord-327278-2n9eo1n8 187 15 by by IN cord-327278-2n9eo1n8 187 16 testing test VBG cord-327278-2n9eo1n8 187 17 energy energy NN cord-327278-2n9eo1n8 187 18 prices price NNS cord-327278-2n9eo1n8 187 19 against against IN cord-327278-2n9eo1n8 187 20 energy energy NN cord-327278-2n9eo1n8 187 21 consumption consumption NN cord-327278-2n9eo1n8 187 22 , , , cord-327278-2n9eo1n8 187 23 while while IN cord-327278-2n9eo1n8 187 24 still still RB cord-327278-2n9eo1n8 187 25 maintaining maintain VBG cord-327278-2n9eo1n8 187 26 the the DT cord-327278-2n9eo1n8 187 27 possibility possibility NN cord-327278-2n9eo1n8 187 28 of of IN cord-327278-2n9eo1n8 187 29 long long JJ cord-327278-2n9eo1n8 187 30 memory memory NN cord-327278-2n9eo1n8 187 31 errors error NNS cord-327278-2n9eo1n8 187 32 , , , cord-327278-2n9eo1n8 187 33 i.e i.e XX cord-327278-2n9eo1n8 187 34 , , , cord-327278-2n9eo1n8 187 35 The the DT cord-327278-2n9eo1n8 187 36 results result NNS cord-327278-2n9eo1n8 187 37 for for IN cord-327278-2n9eo1n8 187 38 the the DT cord-327278-2n9eo1n8 187 39 two two CD cord-327278-2n9eo1n8 187 40 cases case NNS cord-327278-2n9eo1n8 187 41 of of IN cord-327278-2n9eo1n8 187 42 uncorrelated uncorrelated JJ cord-327278-2n9eo1n8 187 43 and and CC cord-327278-2n9eo1n8 187 44 autocorrelated autocorrelated JJ cord-327278-2n9eo1n8 187 45 errors error NNS cord-327278-2n9eo1n8 187 46 are be VBP cord-327278-2n9eo1n8 187 47 respectively respectively RB cord-327278-2n9eo1n8 187 48 reported report VBN cord-327278-2n9eo1n8 187 49 in in IN cord-327278-2n9eo1n8 187 50 Tables Tables NNP cord-327278-2n9eo1n8 187 51 7 7 CD cord-327278-2n9eo1n8 187 52 and and CC cord-327278-2n9eo1n8 187 53 8 8 CD cord-327278-2n9eo1n8 187 54 . . . cord-327278-2n9eo1n8 188 1 It -PRON- PRP cord-327278-2n9eo1n8 188 2 can can MD cord-327278-2n9eo1n8 188 3 be be VB cord-327278-2n9eo1n8 188 4 seen see VBN cord-327278-2n9eo1n8 188 5 that that IN cord-327278-2n9eo1n8 188 6 similar similar JJ cord-327278-2n9eo1n8 188 7 to to IN cord-327278-2n9eo1n8 188 8 the the DT cord-327278-2n9eo1n8 188 9 previous previous JJ cord-327278-2n9eo1n8 188 10 tables table NNS cord-327278-2n9eo1n8 188 11 , , , cord-327278-2n9eo1n8 188 12 only only RB cord-327278-2n9eo1n8 188 13 lag lag VBP cord-327278-2n9eo1n8 188 14 effects effect NNS cord-327278-2n9eo1n8 188 15 are be VBP cord-327278-2n9eo1n8 188 16 statistically statistically RB cord-327278-2n9eo1n8 188 17 significant significant JJ cord-327278-2n9eo1n8 188 18 in in IN cord-327278-2n9eo1n8 188 19 the the DT cord-327278-2n9eo1n8 188 20 case case NN cord-327278-2n9eo1n8 188 21 of of IN cord-327278-2n9eo1n8 188 22 the the DT cord-327278-2n9eo1n8 188 23 spot spot NN cord-327278-2n9eo1n8 188 24 market market NN cord-327278-2n9eo1n8 188 25 . . . cord-327278-2n9eo1n8 189 1 Thus thus RB cord-327278-2n9eo1n8 189 2 , , , cord-327278-2n9eo1n8 189 3 energy energy NN cord-327278-2n9eo1n8 189 4 prices price NNS cord-327278-2n9eo1n8 189 5 and and CC cord-327278-2n9eo1n8 189 6 energy energy NN cord-327278-2n9eo1n8 189 7 consumption consumption NN cord-327278-2n9eo1n8 189 8 are be VBP cord-327278-2n9eo1n8 189 9 both both DT cord-327278-2n9eo1n8 189 10 related relate VBN cord-327278-2n9eo1n8 189 11 in in IN cord-327278-2n9eo1n8 189 12 a a DT cord-327278-2n9eo1n8 189 13 bi bi JJ cord-327278-2n9eo1n8 189 14 - - JJ cord-327278-2n9eo1n8 189 15 directional directional JJ cord-327278-2n9eo1n8 189 16 way way NN cord-327278-2n9eo1n8 189 17 in in IN cord-327278-2n9eo1n8 189 18 the the DT cord-327278-2n9eo1n8 189 19 case case NN cord-327278-2n9eo1n8 189 20 of of IN cord-327278-2n9eo1n8 189 21 the the DT cord-327278-2n9eo1n8 189 22 spot spot NN cord-327278-2n9eo1n8 189 23 market market NN cord-327278-2n9eo1n8 189 24 . . . cord-327278-2n9eo1n8 190 1 However however RB cord-327278-2n9eo1n8 190 2 , , , cord-327278-2n9eo1n8 190 3 this this DT cord-327278-2n9eo1n8 190 4 relationship relationship NN cord-327278-2n9eo1n8 190 5 does do VBZ cord-327278-2n9eo1n8 190 6 not not RB cord-327278-2n9eo1n8 190 7 hold hold VB cord-327278-2n9eo1n8 190 8 in in RP cord-327278-2n9eo1n8 190 9 the the DT cord-327278-2n9eo1n8 190 10 futures future NNS cord-327278-2n9eo1n8 190 11 market market NN cord-327278-2n9eo1n8 190 12 . . . cord-327278-2n9eo1n8 191 1 These these DT cord-327278-2n9eo1n8 191 2 results result NNS cord-327278-2n9eo1n8 191 3 suggest suggest VBP cord-327278-2n9eo1n8 191 4 that that IN cord-327278-2n9eo1n8 191 5 the the DT cord-327278-2n9eo1n8 191 6 energy energy NN cord-327278-2n9eo1n8 191 7 spot spot NN cord-327278-2n9eo1n8 191 8 market market NN cord-327278-2n9eo1n8 191 9 in in IN cord-327278-2n9eo1n8 191 10 Portugal Portugal NNP cord-327278-2n9eo1n8 191 11 and and CC cord-327278-2n9eo1n8 191 12 Spain Spain NNP cord-327278-2n9eo1n8 191 13 presents present VBZ cord-327278-2n9eo1n8 191 14 the the DT cord-327278-2n9eo1n8 191 15 price price NN cord-327278-2n9eo1n8 191 16 - - HYPH cord-327278-2n9eo1n8 191 17 elasticity elasticity NN cord-327278-2n9eo1n8 191 18 of of IN cord-327278-2n9eo1n8 191 19 demand demand NN cord-327278-2n9eo1n8 191 20 expected expect VBN cord-327278-2n9eo1n8 191 21 behaviour behaviour NN cord-327278-2n9eo1n8 191 22 of of IN cord-327278-2n9eo1n8 191 23 micro micro JJ cord-327278-2n9eo1n8 191 24 - - NNS cord-327278-2n9eo1n8 191 25 economics economic NNS cord-327278-2n9eo1n8 191 26 , , , cord-327278-2n9eo1n8 191 27 where where WRB cord-327278-2n9eo1n8 191 28 higher high JJR cord-327278-2n9eo1n8 191 29 prices price NNS cord-327278-2n9eo1n8 191 30 induces induce VBZ cord-327278-2n9eo1n8 191 31 lower low JJR cord-327278-2n9eo1n8 191 32 consumption consumption NN cord-327278-2n9eo1n8 191 33 and and CC cord-327278-2n9eo1n8 191 34 vice vice NN cord-327278-2n9eo1n8 191 35 - - HYPH cord-327278-2n9eo1n8 191 36 versa versa RB cord-327278-2n9eo1n8 191 37 , , , cord-327278-2n9eo1n8 191 38 in in IN cord-327278-2n9eo1n8 191 39 a a DT cord-327278-2n9eo1n8 191 40 feedback feedback NN cord-327278-2n9eo1n8 191 41 process process NN cord-327278-2n9eo1n8 191 42 that that WDT cord-327278-2n9eo1n8 191 43 is be VBZ cord-327278-2n9eo1n8 191 44 temporally temporally RB cord-327278-2n9eo1n8 191 45 persistent persistent JJ cord-327278-2n9eo1n8 191 46 . . . cord-327278-2n9eo1n8 192 1 This this DT cord-327278-2n9eo1n8 192 2 temporal temporal JJ cord-327278-2n9eo1n8 192 3 persistence persistence NN cord-327278-2n9eo1n8 192 4 within within IN cord-327278-2n9eo1n8 192 5 the the DT cord-327278-2n9eo1n8 192 6 ambit ambit NN cord-327278-2n9eo1n8 192 7 of of IN cord-327278-2n9eo1n8 192 8 a a DT cord-327278-2n9eo1n8 192 9 feedback feedback NN cord-327278-2n9eo1n8 192 10 process process NN cord-327278-2n9eo1n8 192 11 of of IN cord-327278-2n9eo1n8 192 12 prices price NNS cord-327278-2n9eo1n8 192 13 and and CC cord-327278-2n9eo1n8 192 14 consumption consumption NN cord-327278-2n9eo1n8 192 15 in in IN cord-327278-2n9eo1n8 192 16 the the DT cord-327278-2n9eo1n8 192 17 spot spot NN cord-327278-2n9eo1n8 192 18 markets market NNS cord-327278-2n9eo1n8 192 19 is be VBZ cord-327278-2n9eo1n8 192 20 consistent consistent JJ cord-327278-2n9eo1n8 192 21 with with IN cord-327278-2n9eo1n8 192 22 results result NNS cord-327278-2n9eo1n8 192 23 presented present VBN cord-327278-2n9eo1n8 192 24 in in IN cord-327278-2n9eo1n8 192 25 Table Table NNP cord-327278-2n9eo1n8 192 26 1 1 CD cord-327278-2n9eo1n8 192 27 , , , cord-327278-2n9eo1n8 192 28 where where WRB cord-327278-2n9eo1n8 192 29 readers reader NNS cord-327278-2n9eo1n8 192 30 can can MD cord-327278-2n9eo1n8 192 31 easily easily RB cord-327278-2n9eo1n8 192 32 note note VB cord-327278-2n9eo1n8 192 33 that that IN cord-327278-2n9eo1n8 192 34 variable variable JJ cord-327278-2n9eo1n8 192 35 dispersion dispersion NN cord-327278-2n9eo1n8 192 36 is be VBZ cord-327278-2n9eo1n8 192 37 lower low JJR cord-327278-2n9eo1n8 192 38 in in IN cord-327278-2n9eo1n8 192 39 spot spot NN cord-327278-2n9eo1n8 192 40 markets market NNS cord-327278-2n9eo1n8 192 41 , , , cord-327278-2n9eo1n8 192 42 possibly possibly RB cord-327278-2n9eo1n8 192 43 as as IN cord-327278-2n9eo1n8 192 44 a a DT cord-327278-2n9eo1n8 192 45 consequence consequence NN cord-327278-2n9eo1n8 192 46 of of IN cord-327278-2n9eo1n8 192 47 a a DT cord-327278-2n9eo1n8 192 48 tied tie VBN cord-327278-2n9eo1n8 192 49 joint joint JJ cord-327278-2n9eo1n8 192 50 2 2 CD cord-327278-2n9eo1n8 192 51 See See NNP cord-327278-2n9eo1n8 192 52 Ref Ref NNP cord-327278-2n9eo1n8 192 53 . . . cord-327278-2n9eo1n8 193 1 [ [ -LRB- cord-327278-2n9eo1n8 193 2 47 47 CD cord-327278-2n9eo1n8 193 3 ] ] -RRB- cord-327278-2n9eo1n8 193 4 for for IN cord-327278-2n9eo1n8 193 5 an an DT cord-327278-2n9eo1n8 193 6 application application NN cord-327278-2n9eo1n8 193 7 using use VBG cord-327278-2n9eo1n8 193 8 the the DT cord-327278-2n9eo1n8 193 9 same same JJ cord-327278-2n9eo1n8 193 10 version version NN cord-327278-2n9eo1n8 193 11 of of IN cord-327278-2n9eo1n8 193 12 the the DT cord-327278-2n9eo1n8 193 13 tests test NNS cord-327278-2n9eo1n8 193 14 of of IN cord-327278-2n9eo1n8 193 15 [ [ -LRB- cord-327278-2n9eo1n8 193 16 46 46 CD cord-327278-2n9eo1n8 193 17 ] ] -RRB- cord-327278-2n9eo1n8 193 18 as as IN cord-327278-2n9eo1n8 193 19 the the DT cord-327278-2n9eo1n8 193 20 one one NN cord-327278-2n9eo1n8 193 21 used use VBN cord-327278-2n9eo1n8 193 22 in in IN cord-327278-2n9eo1n8 193 23 this this DT cord-327278-2n9eo1n8 193 24 work work NN cord-327278-2n9eo1n8 193 25 . . . cord-327278-2n9eo1n8 194 1 The the DT cord-327278-2n9eo1n8 194 2 same same JJ cord-327278-2n9eo1n8 194 3 version version NN cord-327278-2n9eo1n8 194 4 of of IN cord-327278-2n9eo1n8 194 5 the the DT cord-327278-2n9eo1n8 194 6 tests test NNS cord-327278-2n9eo1n8 194 7 has have VBZ cord-327278-2n9eo1n8 194 8 been be VBN cord-327278-2n9eo1n8 194 9 used use VBN cord-327278-2n9eo1n8 194 10 in in IN cord-327278-2n9eo1n8 194 11 Refs ref NNS cord-327278-2n9eo1n8 194 12 . . . cord-327278-2n9eo1n8 195 1 [ [ -LRB- cord-327278-2n9eo1n8 195 2 48 48 CD cord-327278-2n9eo1n8 195 3 , , , cord-327278-2n9eo1n8 195 4 49 49 CD cord-327278-2n9eo1n8 195 5 ] ] -RRB- cord-327278-2n9eo1n8 195 6 ; ; : cord-327278-2n9eo1n8 195 7 etc etc FW cord-327278-2n9eo1n8 195 8 . . . cord-327278-2n9eo1n8 196 1 On on IN cord-327278-2n9eo1n8 196 2 the the DT cord-327278-2n9eo1n8 196 3 other other JJ cord-327278-2n9eo1n8 196 4 hand hand NN cord-327278-2n9eo1n8 196 5 , , , cord-327278-2n9eo1n8 196 6 results result VBZ cord-327278-2n9eo1n8 196 7 for for IN cord-327278-2n9eo1n8 196 8 the the DT cord-327278-2n9eo1n8 196 9 future future JJ cord-327278-2n9eo1n8 196 10 energy energy NN cord-327278-2n9eo1n8 196 11 markets market NNS cord-327278-2n9eo1n8 196 12 are be VBP cord-327278-2n9eo1n8 196 13 counterintuitive counterintuitive JJ cord-327278-2n9eo1n8 196 14 . . . cord-327278-2n9eo1n8 197 1 Not not RB cord-327278-2n9eo1n8 197 2 only only RB cord-327278-2n9eo1n8 197 3 is be VBZ cord-327278-2n9eo1n8 197 4 temporal temporal JJ cord-327278-2n9eo1n8 197 5 persistence persistence NN cord-327278-2n9eo1n8 197 6 not not RB cord-327278-2n9eo1n8 197 7 significant significant JJ cord-327278-2n9eo1n8 197 8 , , , cord-327278-2n9eo1n8 197 9 but but CC cord-327278-2n9eo1n8 197 10 higher high JJR cord-327278-2n9eo1n8 197 11 ( ( -LRB- cord-327278-2n9eo1n8 197 12 lower low JJR cord-327278-2n9eo1n8 197 13 ) ) -RRB- cord-327278-2n9eo1n8 197 14 levels level NNS cord-327278-2n9eo1n8 197 15 of of IN cord-327278-2n9eo1n8 197 16 energy energy NN cord-327278-2n9eo1n8 197 17 prices price NNS cord-327278-2n9eo1n8 197 18 tend tend VBP cord-327278-2n9eo1n8 197 19 to to TO cord-327278-2n9eo1n8 197 20 stimulate stimulate VB cord-327278-2n9eo1n8 197 21 higher high JJR cord-327278-2n9eo1n8 197 22 ( ( -LRB- cord-327278-2n9eo1n8 197 23 lower low JJR cord-327278-2n9eo1n8 197 24 ) ) -RRB- cord-327278-2n9eo1n8 197 25 energy energy NN cord-327278-2n9eo1n8 197 26 consumption consumption NN cord-327278-2n9eo1n8 197 27 levels level NNS cord-327278-2n9eo1n8 197 28 and and CC cord-327278-2n9eo1n8 197 29 vice vice NN cord-327278-2n9eo1n8 197 30 - - HYPH cord-327278-2n9eo1n8 197 31 versa versa RB cord-327278-2n9eo1n8 197 32 . . . cord-327278-2n9eo1n8 198 1 This this DT cord-327278-2n9eo1n8 198 2 behaviour behaviour NN cord-327278-2n9eo1n8 198 3 is be VBZ cord-327278-2n9eo1n8 198 4 typical typical JJ cord-327278-2n9eo1n8 198 5 of of IN cord-327278-2n9eo1n8 198 6 speculative speculative JJ cord-327278-2n9eo1n8 198 7 movements movement NNS cord-327278-2n9eo1n8 198 8 , , , cord-327278-2n9eo1n8 198 9 where where WRB cord-327278-2n9eo1n8 198 10 economic economic JJ cord-327278-2n9eo1n8 198 11 agents agent NNS cord-327278-2n9eo1n8 198 12 anticipate anticipate VBP cord-327278-2n9eo1n8 198 13 their -PRON- PRP$ cord-327278-2n9eo1n8 198 14 purchases purchase NNS cord-327278-2n9eo1n8 198 15 due due JJ cord-327278-2n9eo1n8 198 16 to to IN cord-327278-2n9eo1n8 198 17 fear fear NN cord-327278-2n9eo1n8 198 18 of of IN cord-327278-2n9eo1n8 198 19 future future JJ cord-327278-2n9eo1n8 198 20 supply supply NN cord-327278-2n9eo1n8 198 21 shortages shortage NNS cord-327278-2n9eo1n8 198 22 . . . cord-327278-2n9eo1n8 199 1 As as RB cord-327278-2n9eo1n8 199 2 long long RB cord-327278-2n9eo1n8 199 3 as as IN cord-327278-2n9eo1n8 199 4 energy energy NN cord-327278-2n9eo1n8 199 5 supply supply NN cord-327278-2n9eo1n8 199 6 in in IN cord-327278-2n9eo1n8 199 7 Portugal Portugal NNP cord-327278-2n9eo1n8 199 8 and and CC cord-327278-2n9eo1n8 199 9 Spain Spain NNP cord-327278-2n9eo1n8 199 10 is be VBZ cord-327278-2n9eo1n8 199 11 controlled control VBN cord-327278-2n9eo1n8 199 12 by by IN cord-327278-2n9eo1n8 199 13 a a DT cord-327278-2n9eo1n8 199 14 few few JJ cord-327278-2n9eo1n8 199 15 companies company NNS cord-327278-2n9eo1n8 199 16 with with IN cord-327278-2n9eo1n8 199 17 insufficient insufficient JJ cord-327278-2n9eo1n8 199 18 funding funding NN cord-327278-2n9eo1n8 199 19 for for IN cord-327278-2n9eo1n8 199 20 generation generation NN cord-327278-2n9eo1n8 199 21 and and CC cord-327278-2n9eo1n8 199 22 distribution distribution NN cord-327278-2n9eo1n8 199 23 capacity capacity NN cord-327278-2n9eo1n8 199 24 expansion expansion NN cord-327278-2n9eo1n8 199 25 , , , cord-327278-2n9eo1n8 199 26 and and CC cord-327278-2n9eo1n8 199 27 which which WDT cord-327278-2n9eo1n8 199 28 are be VBP cord-327278-2n9eo1n8 199 29 scarcely scarcely RB cord-327278-2n9eo1n8 199 30 integrated integrate VBN cord-327278-2n9eo1n8 199 31 with with IN cord-327278-2n9eo1n8 199 32 other other JJ cord-327278-2n9eo1n8 199 33 EU EU NNP cord-327278-2n9eo1n8 199 34 countries country NNS cord-327278-2n9eo1n8 199 35 , , , cord-327278-2n9eo1n8 199 36 this this DT cord-327278-2n9eo1n8 199 37 speculative speculative JJ cord-327278-2n9eo1n8 199 38 behaviour behaviour NN cord-327278-2n9eo1n8 199 39 in in IN cord-327278-2n9eo1n8 199 40 futures future NNS cord-327278-2n9eo1n8 199 41 markets market NNS cord-327278-2n9eo1n8 199 42 is be VBZ cord-327278-2n9eo1n8 199 43 quite quite RB cord-327278-2n9eo1n8 199 44 justifiable justifiable JJ cord-327278-2n9eo1n8 199 45 . . . cord-327278-2n9eo1n8 200 1 Finally finally RB cord-327278-2n9eo1n8 200 2 , , , cord-327278-2n9eo1n8 200 3 it -PRON- PRP cord-327278-2n9eo1n8 200 4 can can MD cord-327278-2n9eo1n8 200 5 be be VB cord-327278-2n9eo1n8 200 6 said say VBN cord-327278-2n9eo1n8 200 7 that that IN cord-327278-2n9eo1n8 200 8 the the DT cord-327278-2n9eo1n8 200 9 main main JJ cord-327278-2n9eo1n8 200 10 challenge challenge NN cord-327278-2n9eo1n8 200 11 of of IN cord-327278-2n9eo1n8 200 12 governments government NNS cord-327278-2n9eo1n8 200 13 and and CC cord-327278-2n9eo1n8 200 14 regulators regulator NNS cord-327278-2n9eo1n8 200 15 should should MD cord-327278-2n9eo1n8 200 16 be be VB cord-327278-2n9eo1n8 200 17 to to TO cord-327278-2n9eo1n8 200 18 use use VB cord-327278-2n9eo1n8 200 19 this this DT cord-327278-2n9eo1n8 200 20 anticipatory anticipatory JJ cord-327278-2n9eo1n8 200 21 consumption consumption NN cord-327278-2n9eo1n8 200 22 that that WDT cord-327278-2n9eo1n8 200 23 triggers trigger VBZ cord-327278-2n9eo1n8 200 24 price price NN cord-327278-2n9eo1n8 200 25 increases increase NNS cord-327278-2n9eo1n8 200 26 to to TO cord-327278-2n9eo1n8 200 27 stimulate stimulate VB cord-327278-2n9eo1n8 200 28 new new JJ cord-327278-2n9eo1n8 200 29 energy energy NN cord-327278-2n9eo1n8 200 30 projects project NNS cord-327278-2n9eo1n8 200 31 related relate VBN cord-327278-2n9eo1n8 200 32 to to IN cord-327278-2n9eo1n8 200 33 capacity capacity NN cord-327278-2n9eo1n8 200 34 expansion expansion NN cord-327278-2n9eo1n8 200 35 , , , cord-327278-2n9eo1n8 200 36 especially especially RB cord-327278-2n9eo1n8 200 37 with with IN cord-327278-2n9eo1n8 200 38 green green JJ cord-327278-2n9eo1n8 200 39 energies energy NNS cord-327278-2n9eo1n8 200 40 . . . cord-327278-2n9eo1n8 201 1 Recent recent JJ cord-327278-2n9eo1n8 201 2 events event NNS cord-327278-2n9eo1n8 201 3 such such JJ cord-327278-2n9eo1n8 201 4 as as IN cord-327278-2n9eo1n8 201 5 the the DT cord-327278-2n9eo1n8 201 6 announcement announcement NN cord-327278-2n9eo1n8 201 7 of of IN cord-327278-2n9eo1n8 201 8 Iberdrola Iberdrola NNP cord-327278-2n9eo1n8 201 9 to to TO cord-327278-2n9eo1n8 201 10 build build VB cord-327278-2n9eo1n8 201 11 a a DT cord-327278-2n9eo1n8 201 12 new new JJ cord-327278-2n9eo1n8 201 13 " " `` cord-327278-2n9eo1n8 201 14 mega mega JJ cord-327278-2n9eo1n8 201 15 " " '' cord-327278-2n9eo1n8 201 16 photovoltaics photovoltaic NNS cord-327278-2n9eo1n8 201 17 plant plant NN cord-327278-2n9eo1n8 201 18 in in IN cord-327278-2n9eo1n8 201 19 Usagre Usagre NNP cord-327278-2n9eo1n8 201 20 -Extremadura -Extremadura . cord-327278-2n9eo1n8 201 21 ( ( -LRB- cord-327278-2n9eo1n8 201 22 an an DT cord-327278-2n9eo1n8 201 23 investment investment NN cord-327278-2n9eo1n8 201 24 of of IN cord-327278-2n9eo1n8 201 25 290 290 CD cord-327278-2n9eo1n8 201 26 € € CD cord-327278-2n9eo1n8 201 27 million million CD cord-327278-2n9eo1n8 201 28 , , , cord-327278-2n9eo1n8 201 29 to to TO cord-327278-2n9eo1n8 201 30 be be VB cord-327278-2n9eo1n8 201 31 in in IN cord-327278-2n9eo1n8 201 32 service service NN cord-327278-2n9eo1n8 201 33 in in IN cord-327278-2n9eo1n8 201 34 September September NNP cord-327278-2n9eo1n8 201 35 2020 2020 CD cord-327278-2n9eo1n8 201 36 ) ) -RRB- cord-327278-2n9eo1n8 201 37 , , , cord-327278-2n9eo1n8 201 38 which which WDT cord-327278-2n9eo1n8 201 39 will will MD cord-327278-2n9eo1n8 201 40 be be VB cord-327278-2n9eo1n8 201 41 the the DT cord-327278-2n9eo1n8 201 42 largest large JJS cord-327278-2n9eo1n8 201 43 plant plant NN cord-327278-2n9eo1n8 201 44 in in IN cord-327278-2n9eo1n8 201 45 Europe Europe NNP cord-327278-2n9eo1n8 201 46 , , , cord-327278-2n9eo1n8 201 47 is be VBZ cord-327278-2n9eo1n8 201 48 a a DT cord-327278-2n9eo1n8 201 49 clear clear JJ cord-327278-2n9eo1n8 201 50 example example NN cord-327278-2n9eo1n8 201 51 . . . cord-327278-2n9eo1n8 202 1 Reductions reduction NNS cord-327278-2n9eo1n8 202 2 in in IN cord-327278-2n9eo1n8 202 3 production production NN cord-327278-2n9eo1n8 202 4 costs cost NNS cord-327278-2n9eo1n8 202 5 and and CC cord-327278-2n9eo1n8 202 6 increases increase NNS cord-327278-2n9eo1n8 202 7 in in IN cord-327278-2n9eo1n8 202 8 the the DT cord-327278-2n9eo1n8 202 9 efficiency efficiency NN cord-327278-2n9eo1n8 202 10 of of IN cord-327278-2n9eo1n8 202 11 solar solar JJ cord-327278-2n9eo1n8 202 12 panel panel NN cord-327278-2n9eo1n8 202 13 plants plant NNS cord-327278-2n9eo1n8 202 14 are be VBP cord-327278-2n9eo1n8 202 15 accelerating accelerate VBG cord-327278-2n9eo1n8 202 16 this this DT cord-327278-2n9eo1n8 202 17 process process NN cord-327278-2n9eo1n8 202 18 of of IN cord-327278-2n9eo1n8 202 19 green green JJ cord-327278-2n9eo1n8 202 20 energy energy NN cord-327278-2n9eo1n8 202 21 expansion expansion NN cord-327278-2n9eo1n8 202 22 . . . cord-327278-2n9eo1n8 203 1 The the DT cord-327278-2n9eo1n8 203 2 values value NNS cord-327278-2n9eo1n8 203 3 in in IN cord-327278-2n9eo1n8 203 4 parenthesis parenthesis NN cord-327278-2n9eo1n8 203 5 report report VBP cord-327278-2n9eo1n8 203 6 the the DT cord-327278-2n9eo1n8 203 7 95 95 CD cord-327278-2n9eo1n8 203 8 % % NN cord-327278-2n9eo1n8 203 9 confidence confidence NN cord-327278-2n9eo1n8 203 10 bands band NNS cord-327278-2n9eo1n8 203 11 for for IN cord-327278-2n9eo1n8 203 12 the the DT cord-327278-2n9eo1n8 203 13 values value NNS cord-327278-2n9eo1n8 203 14 of of IN cord-327278-2n9eo1n8 203 15 d d NNP cord-327278-2n9eo1n8 203 16 , , , cord-327278-2n9eo1n8 203 17 i. i. NNP cord-327278-2n9eo1n8 203 18 e. e. NNP cord-327278-2n9eo1n8 203 19 , , , cord-327278-2n9eo1n8 203 20 the the DT cord-327278-2n9eo1n8 203 21 values value NNS cord-327278-2n9eo1n8 203 22 of of IN cord-327278-2n9eo1n8 203 23 d d NN cord-327278-2n9eo1n8 203 24 where where WRB cord-327278-2n9eo1n8 203 25 the the DT cord-327278-2n9eo1n8 203 26 null null JJ cord-327278-2n9eo1n8 203 27 hypothesis hypothesis NN cord-327278-2n9eo1n8 203 28 can can MD cord-327278-2n9eo1n8 203 29 not not RB cord-327278-2n9eo1n8 203 30 be be VB cord-327278-2n9eo1n8 203 31 rejected reject VBN cord-327278-2n9eo1n8 203 32 at at IN cord-327278-2n9eo1n8 203 33 the the DT cord-327278-2n9eo1n8 203 34 5 5 CD cord-327278-2n9eo1n8 203 35 % % NN cord-327278-2n9eo1n8 203 36 level level NN cord-327278-2n9eo1n8 203 37 . . . cord-327278-2n9eo1n8 204 1 In in IN cord-327278-2n9eo1n8 204 2 both both DT cord-327278-2n9eo1n8 204 3 , , , cord-327278-2n9eo1n8 204 4 the the DT cord-327278-2n9eo1n8 204 5 selected select VBN cord-327278-2n9eo1n8 204 6 model model NN cord-327278-2n9eo1n8 204 7 in in IN cord-327278-2n9eo1n8 204 8 relation relation NN cord-327278-2n9eo1n8 204 9 with with IN cord-327278-2n9eo1n8 204 10 the the DT cord-327278-2n9eo1n8 204 11 deterministic deterministic JJ cord-327278-2n9eo1n8 204 12 terms term NNS cord-327278-2n9eo1n8 204 13 . . . cord-327278-2n9eo1n8 205 1 The the DT cord-327278-2n9eo1n8 205 2 values value NNS cord-327278-2n9eo1n8 205 3 in in IN cord-327278-2n9eo1n8 205 4 parenthesis parenthesis NN cord-327278-2n9eo1n8 205 5 report report VBP cord-327278-2n9eo1n8 205 6 the the DT cord-327278-2n9eo1n8 205 7 95 95 CD cord-327278-2n9eo1n8 205 8 % % NN cord-327278-2n9eo1n8 205 9 confidence confidence NN cord-327278-2n9eo1n8 205 10 bands band NNS cord-327278-2n9eo1n8 205 11 for for IN cord-327278-2n9eo1n8 205 12 the the DT cord-327278-2n9eo1n8 205 13 values value NNS cord-327278-2n9eo1n8 205 14 of of IN cord-327278-2n9eo1n8 205 15 d d NNP cord-327278-2n9eo1n8 205 16 , , , cord-327278-2n9eo1n8 205 17 i. i. NNP cord-327278-2n9eo1n8 205 18 e. e. NNP cord-327278-2n9eo1n8 205 19 , , , cord-327278-2n9eo1n8 205 20 the the DT cord-327278-2n9eo1n8 205 21 values value NNS cord-327278-2n9eo1n8 205 22 of of IN cord-327278-2n9eo1n8 205 23 d d NN cord-327278-2n9eo1n8 205 24 where where WRB cord-327278-2n9eo1n8 205 25 the the DT cord-327278-2n9eo1n8 205 26 null null JJ cord-327278-2n9eo1n8 205 27 hypothesis hypothesis NN cord-327278-2n9eo1n8 205 28 can can MD cord-327278-2n9eo1n8 205 29 not not RB cord-327278-2n9eo1n8 205 30 be be VB cord-327278-2n9eo1n8 205 31 rejected reject VBN cord-327278-2n9eo1n8 205 32 at at IN cord-327278-2n9eo1n8 205 33 the the DT cord-327278-2n9eo1n8 205 34 5 5 CD cord-327278-2n9eo1n8 205 35 % % NN cord-327278-2n9eo1n8 205 36 level level NN cord-327278-2n9eo1n8 205 37 . . . cord-327278-2n9eo1n8 206 1 In in IN cord-327278-2n9eo1n8 206 2 both both DT cord-327278-2n9eo1n8 206 3 , , , cord-327278-2n9eo1n8 206 4 the the DT cord-327278-2n9eo1n8 206 5 selected select VBN cord-327278-2n9eo1n8 206 6 model model NN cord-327278-2n9eo1n8 206 7 in in IN cord-327278-2n9eo1n8 206 8 relation relation NN cord-327278-2n9eo1n8 206 9 with with IN cord-327278-2n9eo1n8 206 10 the the DT cord-327278-2n9eo1n8 206 11 deterministic deterministic JJ cord-327278-2n9eo1n8 206 12 terms term NNS cord-327278-2n9eo1n8 206 13 . . . cord-327278-2n9eo1n8 207 1 Throughout throughout IN cord-327278-2n9eo1n8 207 2 this this DT cord-327278-2n9eo1n8 207 3 paper paper NN cord-327278-2n9eo1n8 207 4 the the DT cord-327278-2n9eo1n8 207 5 stochastic stochastic JJ cord-327278-2n9eo1n8 207 6 properties property NNS cord-327278-2n9eo1n8 207 7 of of IN cord-327278-2n9eo1n8 207 8 energy energy NN cord-327278-2n9eo1n8 207 9 consumption consumption NN cord-327278-2n9eo1n8 207 10 and and CC cord-327278-2n9eo1n8 207 11 energy energy NN cord-327278-2n9eo1n8 207 12 prices price NNS cord-327278-2n9eo1n8 207 13 in in IN cord-327278-2n9eo1n8 207 14 Spain Spain NNP cord-327278-2n9eo1n8 207 15 and and CC cord-327278-2n9eo1n8 207 16 Portugal Portugal NNP cord-327278-2n9eo1n8 207 17 have have VBP cord-327278-2n9eo1n8 207 18 been be VBN cord-327278-2n9eo1n8 207 19 examined examine VBN cord-327278-2n9eo1n8 207 20 by by IN cord-327278-2n9eo1n8 207 21 using use VBG cord-327278-2n9eo1n8 207 22 fractional fractional JJ cord-327278-2n9eo1n8 207 23 integration integration NN cord-327278-2n9eo1n8 207 24 or or CC cord-327278-2n9eo1n8 207 25 I(d i(d NN cord-327278-2n9eo1n8 207 26 ) ) -RRB- cord-327278-2n9eo1n8 207 27 techniques technique NNS cord-327278-2n9eo1n8 207 28 in in IN cord-327278-2n9eo1n8 207 29 the the DT cord-327278-2n9eo1n8 207 30 spot spot NN cord-327278-2n9eo1n8 207 31 and and CC cord-327278-2n9eo1n8 207 32 futures future NNS cord-327278-2n9eo1n8 207 33 markets market NNS cord-327278-2n9eo1n8 207 34 . . . cord-327278-2n9eo1n8 208 1 The the DT cord-327278-2n9eo1n8 208 2 following follow VBG cord-327278-2n9eo1n8 208 3 points point NNS cord-327278-2n9eo1n8 208 4 can can MD cord-327278-2n9eo1n8 208 5 be be VB cord-327278-2n9eo1n8 208 6 concluded conclude VBN cord-327278-2n9eo1n8 208 7 according accord VBG cord-327278-2n9eo1n8 208 8 to to IN cord-327278-2n9eo1n8 208 9 this this DT cord-327278-2n9eo1n8 208 10 study study NN cord-327278-2n9eo1n8 208 11 : : : cord-327278-2n9eo1n8 208 12 1 1 CD cord-327278-2n9eo1n8 208 13 . . . cord-327278-2n9eo1n8 209 1 The the DT cord-327278-2n9eo1n8 209 2 univariate univariate JJ cord-327278-2n9eo1n8 209 3 results result NNS cord-327278-2n9eo1n8 209 4 clearly clearly RB cord-327278-2n9eo1n8 209 5 indicate indicate VBP cord-327278-2n9eo1n8 209 6 that that IN cord-327278-2n9eo1n8 209 7 all all PDT cord-327278-2n9eo1n8 209 8 the the DT cord-327278-2n9eo1n8 209 9 examined examine VBN cord-327278-2n9eo1n8 209 10 series series NN cord-327278-2n9eo1n8 209 11 display display NN cord-327278-2n9eo1n8 209 12 long long JJ cord-327278-2n9eo1n8 209 13 memory memory NN cord-327278-2n9eo1n8 209 14 patterns pattern NNS cord-327278-2n9eo1n8 209 15 with with IN cord-327278-2n9eo1n8 209 16 mean mean JJ cord-327278-2n9eo1n8 209 17 reverting revert VBG cord-327278-2n9eo1n8 209 18 behaviour behaviour NN cord-327278-2n9eo1n8 209 19 and and CC cord-327278-2n9eo1n8 209 20 thus thus RB cord-327278-2n9eo1n8 209 21 the the DT cord-327278-2n9eo1n8 209 22 effects effect NNS cord-327278-2n9eo1n8 209 23 of of IN cord-327278-2n9eo1n8 209 24 the the DT cord-327278-2n9eo1n8 209 25 shocks shock NNS cord-327278-2n9eo1n8 209 26 disappear disappear VBP cord-327278-2n9eo1n8 209 27 in in IN cord-327278-2n9eo1n8 209 28 the the DT cord-327278-2n9eo1n8 209 29 long long JJ cord-327278-2n9eo1n8 209 30 run run NN cord-327278-2n9eo1n8 209 31 . . . cord-327278-2n9eo1n8 210 1 In in IN cord-327278-2n9eo1n8 210 2 the the DT cord-327278-2n9eo1n8 210 3 multivariate multivariate JJ cord-327278-2n9eo1n8 210 4 setting setting NN cord-327278-2n9eo1n8 210 5 we -PRON- PRP cord-327278-2n9eo1n8 210 6 show show VBP cord-327278-2n9eo1n8 210 7 that that IN cord-327278-2n9eo1n8 210 8 both both DT cord-327278-2n9eo1n8 210 9 variables variable NNS cord-327278-2n9eo1n8 210 10 are be VBP cord-327278-2n9eo1n8 210 11 linked link VBN cord-327278-2n9eo1n8 210 12 together together RB cord-327278-2n9eo1n8 210 13 in in IN cord-327278-2n9eo1n8 210 14 a a DT cord-327278-2n9eo1n8 210 15 bi bi JJ cord-327278-2n9eo1n8 210 16 - - JJ cord-327278-2n9eo1n8 210 17 directional directional JJ cord-327278-2n9eo1n8 210 18 way way NN cord-327278-2n9eo1n8 210 19 in in IN cord-327278-2n9eo1n8 210 20 the the DT cord-327278-2n9eo1n8 210 21 case case NN cord-327278-2n9eo1n8 210 22 of of IN cord-327278-2n9eo1n8 210 23 the the DT cord-327278-2n9eo1n8 210 24 spot spot NN cord-327278-2n9eo1n8 210 25 market market NN cord-327278-2n9eo1n8 210 26 , , , cord-327278-2n9eo1n8 210 27 but but CC cord-327278-2n9eo1n8 210 28 this this DT cord-327278-2n9eo1n8 210 29 pattern pattern NN cord-327278-2n9eo1n8 210 30 does do VBZ cord-327278-2n9eo1n8 210 31 not not RB cord-327278-2n9eo1n8 210 32 hold hold VB cord-327278-2n9eo1n8 210 33 in in RP cord-327278-2n9eo1n8 210 34 the the DT cord-327278-2n9eo1n8 210 35 futures future NNS cord-327278-2n9eo1n8 210 36 market market NN cord-327278-2n9eo1n8 210 37 . . . cord-327278-2n9eo1n8 211 1 2 2 LS cord-327278-2n9eo1n8 211 2 . . . cord-327278-2n9eo1n8 212 1 There there EX cord-327278-2n9eo1n8 212 2 is be VBZ cord-327278-2n9eo1n8 212 3 a a DT cord-327278-2n9eo1n8 212 4 weak weak JJ cord-327278-2n9eo1n8 212 5 relationship relationship NN cord-327278-2n9eo1n8 212 6 between between IN cord-327278-2n9eo1n8 212 7 the the DT cord-327278-2n9eo1n8 212 8 futures future NNS cord-327278-2n9eo1n8 212 9 market market NN cord-327278-2n9eo1n8 212 10 and and CC cord-327278-2n9eo1n8 212 11 energy energy NN cord-327278-2n9eo1n8 212 12 consumption consumption NN cord-327278-2n9eo1n8 212 13 , , , cord-327278-2n9eo1n8 212 14 however however RB cord-327278-2n9eo1n8 212 15 regarding regard VBG cord-327278-2n9eo1n8 212 16 the the DT cord-327278-2n9eo1n8 212 17 energy energy NN cord-327278-2n9eo1n8 212 18 pricing pricing NN cord-327278-2n9eo1n8 212 19 , , , cord-327278-2n9eo1n8 212 20 there there EX cord-327278-2n9eo1n8 212 21 is be VBZ cord-327278-2n9eo1n8 212 22 a a DT cord-327278-2n9eo1n8 212 23 stronger strong JJR cord-327278-2n9eo1n8 212 24 relationship relationship NN cord-327278-2n9eo1n8 212 25 with with IN cord-327278-2n9eo1n8 212 26 the the DT cord-327278-2n9eo1n8 212 27 spot spot NN cord-327278-2n9eo1n8 212 28 market market NN cord-327278-2n9eo1n8 212 29 itself -PRON- PRP cord-327278-2n9eo1n8 212 30 . . . cord-327278-2n9eo1n8 213 1 3 3 LS cord-327278-2n9eo1n8 213 2 . . . cord-327278-2n9eo1n8 214 1 In in IN cord-327278-2n9eo1n8 214 2 the the DT cord-327278-2n9eo1n8 214 3 case case NN cord-327278-2n9eo1n8 214 4 of of IN cord-327278-2n9eo1n8 214 5 energy energy NN cord-327278-2n9eo1n8 214 6 consumption consumption NN cord-327278-2n9eo1n8 214 7 , , , cord-327278-2n9eo1n8 214 8 our -PRON- PRP$ cord-327278-2n9eo1n8 214 9 study study NN cord-327278-2n9eo1n8 214 10 is be VBZ cord-327278-2n9eo1n8 214 11 in in IN cord-327278-2n9eo1n8 214 12 line line NN cord-327278-2n9eo1n8 214 13 with with IN cord-327278-2n9eo1n8 214 14 other other JJ cord-327278-2n9eo1n8 214 15 energy energy NN cord-327278-2n9eo1n8 214 16 consumption consumption NN cord-327278-2n9eo1n8 214 17 studies study NNS cord-327278-2n9eo1n8 214 18 , , , cord-327278-2n9eo1n8 214 19 such such JJ cord-327278-2n9eo1n8 214 20 as as IN cord-327278-2n9eo1n8 214 21 Wong Wong NNP cord-327278-2n9eo1n8 214 22 et et NNP cord-327278-2n9eo1n8 214 23 al al NNP cord-327278-2n9eo1n8 214 24 . . . cord-327278-2n9eo1n8 215 1 [ [ -LRB- cord-327278-2n9eo1n8 215 2 12 12 CD cord-327278-2n9eo1n8 215 3 ] ] -RRB- cord-327278-2n9eo1n8 215 4 for for IN cord-327278-2n9eo1n8 215 5 oil oil NN cord-327278-2n9eo1n8 215 6 pricing pricing NN cord-327278-2n9eo1n8 215 7 that that WDT cord-327278-2n9eo1n8 215 8 concluded conclude VBD cord-327278-2n9eo1n8 215 9 higher high JJR cord-327278-2n9eo1n8 215 10 oil oil NN cord-327278-2n9eo1n8 215 11 prices price NNS cord-327278-2n9eo1n8 215 12 lead lead VBP cord-327278-2n9eo1n8 215 13 to to TO cord-327278-2n9eo1n8 215 14 lower low JJR cord-327278-2n9eo1n8 215 15 oil oil NN cord-327278-2n9eo1n8 215 16 consumption consumption NN cord-327278-2n9eo1n8 215 17 . . . cord-327278-2n9eo1n8 216 1 Our -PRON- PRP$ cord-327278-2n9eo1n8 216 2 results result NNS cord-327278-2n9eo1n8 216 3 have have VBP cord-327278-2n9eo1n8 216 4 shown show VBN cord-327278-2n9eo1n8 216 5 that that IN cord-327278-2n9eo1n8 216 6 energy energy NN cord-327278-2n9eo1n8 216 7 consumption consumption NN cord-327278-2n9eo1n8 216 8 behavior behavior NN cord-327278-2n9eo1n8 216 9 could could MD cord-327278-2n9eo1n8 216 10 be be VB cord-327278-2n9eo1n8 216 11 similar similar JJ cord-327278-2n9eo1n8 216 12 in in IN cord-327278-2n9eo1n8 216 13 the the DT cord-327278-2n9eo1n8 216 14 spot spot NN cord-327278-2n9eo1n8 216 15 pricing pricing NN cord-327278-2n9eo1n8 216 16 , , , cord-327278-2n9eo1n8 216 17 with with IN cord-327278-2n9eo1n8 216 18 no no DT cord-327278-2n9eo1n8 216 19 strong strong JJ cord-327278-2n9eo1n8 216 20 relationship relationship NN cord-327278-2n9eo1n8 216 21 in in IN cord-327278-2n9eo1n8 216 22 terms term NNS cord-327278-2n9eo1n8 216 23 of of IN cord-327278-2n9eo1n8 216 24 future future JJ cord-327278-2n9eo1n8 216 25 pricing pricing NN cord-327278-2n9eo1n8 216 26 , , , cord-327278-2n9eo1n8 216 27 as as IN cord-327278-2n9eo1n8 216 28 final final JJ cord-327278-2n9eo1n8 216 29 consumers consumer NNS cord-327278-2n9eo1n8 216 30 are be VBP cord-327278-2n9eo1n8 216 31 not not RB cord-327278-2n9eo1n8 216 32 directly directly RB cord-327278-2n9eo1n8 216 33 affected affect VBN cord-327278-2n9eo1n8 216 34 by by IN cord-327278-2n9eo1n8 216 35 future future JJ cord-327278-2n9eo1n8 216 36 energy energy NN cord-327278-2n9eo1n8 216 37 price price NN cord-327278-2n9eo1n8 216 38 changes change NNS cord-327278-2n9eo1n8 216 39 . . . cord-327278-2n9eo1n8 217 1 4 4 LS cord-327278-2n9eo1n8 217 2 . . . cord-327278-2n9eo1n8 218 1 Regarding regard VBG cord-327278-2n9eo1n8 218 2 energy energy NN cord-327278-2n9eo1n8 218 3 pricing pricing NN cord-327278-2n9eo1n8 218 4 , , , cord-327278-2n9eo1n8 218 5 our -PRON- PRP$ cord-327278-2n9eo1n8 218 6 study study NN cord-327278-2n9eo1n8 218 7 seems seem VBZ cord-327278-2n9eo1n8 218 8 to to TO cord-327278-2n9eo1n8 218 9 be be VB cord-327278-2n9eo1n8 218 10 in in IN cord-327278-2n9eo1n8 218 11 line line NN cord-327278-2n9eo1n8 218 12 with with IN cord-327278-2n9eo1n8 218 13 that that DT cord-327278-2n9eo1n8 218 14 of of IN cord-327278-2n9eo1n8 218 15 Narayan Narayan NNP cord-327278-2n9eo1n8 218 16 and and CC cord-327278-2n9eo1n8 218 17 Sharma Sharma NNP cord-327278-2n9eo1n8 218 18 [ [ -LRB- cord-327278-2n9eo1n8 218 19 19 19 CD cord-327278-2n9eo1n8 218 20 ] ] -RRB- cord-327278-2n9eo1n8 218 21 completed complete VBN cord-327278-2n9eo1n8 218 22 for for IN cord-327278-2n9eo1n8 218 23 15 15 CD cord-327278-2n9eo1n8 218 24 general general JJ cord-327278-2n9eo1n8 218 25 commodities commodity NNS cord-327278-2n9eo1n8 218 26 , , , cord-327278-2n9eo1n8 218 27 which which WDT cord-327278-2n9eo1n8 218 28 concluded conclude VBD cord-327278-2n9eo1n8 218 29 that that IN cord-327278-2n9eo1n8 218 30 in in IN cord-327278-2n9eo1n8 218 31 60 60 CD cord-327278-2n9eo1n8 218 32 % % NN cord-327278-2n9eo1n8 218 33 of of IN cord-327278-2n9eo1n8 218 34 these these DT cord-327278-2n9eo1n8 218 35 commodities commodity NNS cord-327278-2n9eo1n8 218 36 the the DT cord-327278-2n9eo1n8 218 37 stock stock NN cord-327278-2n9eo1n8 218 38 market market NN cord-327278-2n9eo1n8 218 39 was be VBD cord-327278-2n9eo1n8 218 40 dominant dominant JJ cord-327278-2n9eo1n8 218 41 while while IN cord-327278-2n9eo1n8 218 42 in in IN cord-327278-2n9eo1n8 218 43 the the DT cord-327278-2n9eo1n8 218 44 other other JJ cord-327278-2n9eo1n8 218 45 40 40 CD cord-327278-2n9eo1n8 218 46 % % NN cord-327278-2n9eo1n8 218 47 it -PRON- PRP cord-327278-2n9eo1n8 218 48 is be VBZ cord-327278-2n9eo1n8 218 49 the the DT cord-327278-2n9eo1n8 218 50 futures future NNS cord-327278-2n9eo1n8 218 51 market market NN cord-327278-2n9eo1n8 218 52 which which WDT cord-327278-2n9eo1n8 218 53 is be VBZ cord-327278-2n9eo1n8 218 54 dominant dominant JJ cord-327278-2n9eo1n8 218 55 . . . cord-327278-2n9eo1n8 219 1 5 5 LS cord-327278-2n9eo1n8 219 2 . . . cord-327278-2n9eo1n8 220 1 Finally finally RB cord-327278-2n9eo1n8 220 2 , , , cord-327278-2n9eo1n8 220 3 according accord VBG cord-327278-2n9eo1n8 220 4 to to IN cord-327278-2n9eo1n8 220 5 our -PRON- PRP$ cord-327278-2n9eo1n8 220 6 study study NN cord-327278-2n9eo1n8 220 7 , , , cord-327278-2n9eo1n8 220 8 it -PRON- PRP cord-327278-2n9eo1n8 220 9 can can MD cord-327278-2n9eo1n8 220 10 be be VB cord-327278-2n9eo1n8 220 11 said say VBN cord-327278-2n9eo1n8 220 12 that that IN cord-327278-2n9eo1n8 220 13 in in IN cord-327278-2n9eo1n8 220 14 the the DT cord-327278-2n9eo1n8 220 15 Iberian iberian JJ cord-327278-2n9eo1n8 220 16 energy energy NN cord-327278-2n9eo1n8 220 17 market market NN cord-327278-2n9eo1n8 220 18 , , , cord-327278-2n9eo1n8 220 19 spot spot NN cord-327278-2n9eo1n8 220 20 dominates dominate VBZ cord-327278-2n9eo1n8 220 21 the the DT cord-327278-2n9eo1n8 220 22 futures future NNS cord-327278-2n9eo1n8 220 23 market market NN cord-327278-2n9eo1n8 220 24 but but CC cord-327278-2n9eo1n8 220 25 both both DT cord-327278-2n9eo1n8 220 26 markets market NNS cord-327278-2n9eo1n8 220 27 have have VBP cord-327278-2n9eo1n8 220 28 a a DT cord-327278-2n9eo1n8 220 29 certain certain JJ cord-327278-2n9eo1n8 220 30 relationship relationship NN cord-327278-2n9eo1n8 220 31 in in IN cord-327278-2n9eo1n8 220 32 terms term NNS cord-327278-2n9eo1n8 220 33 of of IN cord-327278-2n9eo1n8 220 34 electricity electricity NN cord-327278-2n9eo1n8 220 35 pricing pricing NN cord-327278-2n9eo1n8 220 36 . . . cord-327278-2n9eo1n8 221 1 Furthermore furthermore RB cord-327278-2n9eo1n8 221 2 , , , cord-327278-2n9eo1n8 221 3 correlation correlation NN cord-327278-2n9eo1n8 221 4 shows show VBZ cord-327278-2n9eo1n8 221 5 a a DT cord-327278-2n9eo1n8 221 6 direct direct JJ cord-327278-2n9eo1n8 221 7 relationship relationship NN cord-327278-2n9eo1n8 221 8 between between IN cord-327278-2n9eo1n8 221 9 both both DT cord-327278-2n9eo1n8 221 10 markets market NNS cord-327278-2n9eo1n8 221 11 . . . cord-327278-2n9eo1n8 222 1 This this DT cord-327278-2n9eo1n8 222 2 result result NN cord-327278-2n9eo1n8 222 3 might may MD cord-327278-2n9eo1n8 222 4 make make VB cord-327278-2n9eo1n8 222 5 sense sense NN cord-327278-2n9eo1n8 222 6 , , , cord-327278-2n9eo1n8 222 7 as as IN cord-327278-2n9eo1n8 222 8 the the DT cord-327278-2n9eo1n8 222 9 futures future NNS cord-327278-2n9eo1n8 222 10 market market NN cord-327278-2n9eo1n8 222 11 is be VBZ cord-327278-2n9eo1n8 222 12 used use VBN cord-327278-2n9eo1n8 222 13 to to TO cord-327278-2n9eo1n8 222 14 hedge hedge VB cord-327278-2n9eo1n8 222 15 peaks peak NNS cord-327278-2n9eo1n8 222 16 of of IN cord-327278-2n9eo1n8 222 17 the the DT cord-327278-2n9eo1n8 222 18 spot spot NN cord-327278-2n9eo1n8 222 19 market market NN cord-327278-2n9eo1n8 222 20 production production NN cord-327278-2n9eo1n8 222 21 pull pull NN cord-327278-2n9eo1n8 222 22 , , , cord-327278-2n9eo1n8 222 23 while while IN cord-327278-2n9eo1n8 222 24 these these DT cord-327278-2n9eo1n8 222 25 peaks peak NNS cord-327278-2n9eo1n8 222 26 usually usually RB cord-327278-2n9eo1n8 222 27 happen happen VBP cord-327278-2n9eo1n8 222 28 only only RB cord-327278-2n9eo1n8 222 29 at at IN cord-327278-2n9eo1n8 222 30 certain certain JJ cord-327278-2n9eo1n8 222 31 specific specific JJ cord-327278-2n9eo1n8 222 32 demand demand NN cord-327278-2n9eo1n8 222 33 events event NNS cord-327278-2n9eo1n8 222 34 ( ( -LRB- cord-327278-2n9eo1n8 222 35 for for IN cord-327278-2n9eo1n8 222 36 instance instance NN cord-327278-2n9eo1n8 222 37 , , , cord-327278-2n9eo1n8 222 38 cool cool JJ cord-327278-2n9eo1n8 222 39 spells spell NNS cord-327278-2n9eo1n8 222 40 or or CC cord-327278-2n9eo1n8 222 41 heat heat NN cord-327278-2n9eo1n8 222 42 waves wave NNS cord-327278-2n9eo1n8 222 43 ) ) -RRB- cord-327278-2n9eo1n8 222 44 , , , cord-327278-2n9eo1n8 222 45 where where WRB cord-327278-2n9eo1n8 222 46 fewer few JJR cord-327278-2n9eo1n8 222 47 energy energy NN cord-327278-2n9eo1n8 222 48 sources source NNS cord-327278-2n9eo1n8 222 49 are be VBP cord-327278-2n9eo1n8 222 50 entering enter VBG cord-327278-2n9eo1n8 222 51 in in IN cord-327278-2n9eo1n8 222 52 the the DT cord-327278-2n9eo1n8 222 53 energy energy NN cord-327278-2n9eo1n8 223 1 pull pull VB cord-327278-2n9eo1n8 223 2 increasing increase VBG cord-327278-2n9eo1n8 223 3 the the DT cord-327278-2n9eo1n8 223 4 spot spot NN cord-327278-2n9eo1n8 223 5 price price NN cord-327278-2n9eo1n8 223 6 . . . cord-327278-2n9eo1n8 224 1 6 6 LS cord-327278-2n9eo1n8 224 2 . . . cord-327278-2n9eo1n8 225 1 Our -PRON- PRP$ cord-327278-2n9eo1n8 225 2 results result NNS cord-327278-2n9eo1n8 225 3 could could MD cord-327278-2n9eo1n8 225 4 be be VB cord-327278-2n9eo1n8 225 5 used use VBN cord-327278-2n9eo1n8 225 6 by by IN cord-327278-2n9eo1n8 225 7 policy policy NN cord-327278-2n9eo1n8 225 8 - - HYPH cord-327278-2n9eo1n8 225 9 makers maker NNS cord-327278-2n9eo1n8 225 10 to to TO cord-327278-2n9eo1n8 225 11 draw draw VB cord-327278-2n9eo1n8 225 12 some some DT cord-327278-2n9eo1n8 225 13 regulatory regulatory JJ cord-327278-2n9eo1n8 225 14 changes change NNS cord-327278-2n9eo1n8 225 15 , , , cord-327278-2n9eo1n8 225 16 since since IN cord-327278-2n9eo1n8 225 17 the the DT cord-327278-2n9eo1n8 225 18 energy energy NN cord-327278-2n9eo1n8 225 19 supply supply NN cord-327278-2n9eo1n8 225 20 in in IN cord-327278-2n9eo1n8 225 21 Portugal Portugal NNP cord-327278-2n9eo1n8 225 22 and and CC cord-327278-2n9eo1n8 225 23 Spain Spain NNP cord-327278-2n9eo1n8 225 24 is be VBZ cord-327278-2n9eo1n8 225 25 controlled control VBN cord-327278-2n9eo1n8 225 26 by by IN cord-327278-2n9eo1n8 225 27 only only RB cord-327278-2n9eo1n8 225 28 a a DT cord-327278-2n9eo1n8 225 29 few few JJ cord-327278-2n9eo1n8 225 30 suppliers supplier NNS cord-327278-2n9eo1n8 225 31 . . . cord-327278-2n9eo1n8 226 1 Therefore therefore RB cord-327278-2n9eo1n8 226 2 , , , cord-327278-2n9eo1n8 226 3 investment investment NN cord-327278-2n9eo1n8 226 4 marks mark NNS cord-327278-2n9eo1n8 226 5 should should MD cord-327278-2n9eo1n8 226 6 be be VB cord-327278-2n9eo1n8 226 7 created create VBN cord-327278-2n9eo1n8 226 8 so so IN cord-327278-2n9eo1n8 226 9 that that IN cord-327278-2n9eo1n8 226 10 speculative speculative JJ cord-327278-2n9eo1n8 226 11 behaviour behaviour NN cord-327278-2n9eo1n8 226 12 in in IN cord-327278-2n9eo1n8 226 13 futures future NNS cord-327278-2n9eo1n8 226 14 markets market NNS cord-327278-2n9eo1n8 226 15 could could MD cord-327278-2n9eo1n8 226 16 be be VB cord-327278-2n9eo1n8 226 17 avoided avoid VBN cord-327278-2n9eo1n8 226 18 due due IN cord-327278-2n9eo1n8 226 19 to to IN cord-327278-2n9eo1n8 226 20 capacity capacity NN cord-327278-2n9eo1n8 226 21 expansion expansion NN cord-327278-2n9eo1n8 226 22 and and CC cord-327278-2n9eo1n8 226 23 better well JJR cord-327278-2n9eo1n8 226 24 integration integration NN cord-327278-2n9eo1n8 226 25 with with IN cord-327278-2n9eo1n8 226 26 EU EU NNP cord-327278-2n9eo1n8 226 27 energy energy NN cord-327278-2n9eo1n8 226 28 lines line NNS cord-327278-2n9eo1n8 226 29 . . . cord-327278-2n9eo1n8 227 1 This this DT cord-327278-2n9eo1n8 227 2 being be VBG cord-327278-2n9eo1n8 227 3 the the DT cord-327278-2n9eo1n8 227 4 case case NN cord-327278-2n9eo1n8 227 5 , , , cord-327278-2n9eo1n8 227 6 the the DT cord-327278-2n9eo1n8 227 7 main main JJ cord-327278-2n9eo1n8 227 8 challenge challenge NN cord-327278-2n9eo1n8 227 9 of of IN cord-327278-2n9eo1n8 227 10 a a DT cord-327278-2n9eo1n8 227 11 novel novel JJ cord-327278-2n9eo1n8 227 12 regulatory regulatory JJ cord-327278-2n9eo1n8 227 13 mark mark NN cord-327278-2n9eo1n8 227 14 is be VBZ cord-327278-2n9eo1n8 227 15 to to TO cord-327278-2n9eo1n8 227 16 capture capture VB cord-327278-2n9eo1n8 227 17 energy energy NN cord-327278-2n9eo1n8 227 18 consumption consumption NN cord-327278-2n9eo1n8 227 19 in in IN cord-327278-2n9eo1n8 227 20 anticipationand anticipationand NN cord-327278-2n9eo1n8 227 21 the the DT cord-327278-2n9eo1n8 227 22 consequent consequent JJ cord-327278-2n9eo1n8 227 23 price price NN cord-327278-2n9eo1n8 227 24 increase increase NN cord-327278-2n9eo1n8 227 25 -to -to ADD cord-327278-2n9eo1n8 227 26 trigger trigger VBP cord-327278-2n9eo1n8 227 27 new new JJ cord-327278-2n9eo1n8 227 28 energy energy NN cord-327278-2n9eo1n8 227 29 projects project NNS cord-327278-2n9eo1n8 227 30 related relate VBN cord-327278-2n9eo1n8 227 31 to to IN cord-327278-2n9eo1n8 227 32 capacity capacity NN cord-327278-2n9eo1n8 227 33 expansion expansion NN cord-327278-2n9eo1n8 227 34 , , , cord-327278-2n9eo1n8 227 35 especially especially RB cord-327278-2n9eo1n8 227 36 with with IN cord-327278-2n9eo1n8 227 37 green green JJ cord-327278-2n9eo1n8 227 38 energies energy NNS cord-327278-2n9eo1n8 227 39 , , , cord-327278-2n9eo1n8 227 40 with with IN cord-327278-2n9eo1n8 227 41 other other JJ cord-327278-2n9eo1n8 227 42 EU EU NNP cord-327278-2n9eo1n8 227 43 players player NNS cord-327278-2n9eo1n8 227 44 . . . cord-327278-2n9eo1n8 228 1 Prof. Prof. NNP cord-327278-2n9eo1n8 228 2 Luis Luis NNP cord-327278-2n9eo1n8 228 3 Alberiko Alberiko NNP cord-327278-2n9eo1n8 228 4 GIL GIL NNP cord-327278-2n9eo1n8 228 5 - - HYPH cord-327278-2n9eo1n8 228 6 ALANA ALANA NNP cord-327278-2n9eo1n8 228 7 is be VBZ cord-327278-2n9eo1n8 228 8 the the DT cord-327278-2n9eo1n8 228 9 primary primary JJ cord-327278-2n9eo1n8 228 10 researcher researcher NN cord-327278-2n9eo1n8 228 11 in in IN cord-327278-2n9eo1n8 228 12 this this DT cord-327278-2n9eo1n8 228 13 work work NN cord-327278-2n9eo1n8 228 14 . . . cord-327278-2n9eo1n8 229 1 He -PRON- PRP cord-327278-2n9eo1n8 229 2 has have VBZ cord-327278-2n9eo1n8 229 3 contributed contribute VBN cord-327278-2n9eo1n8 229 4 in in IN cord-327278-2n9eo1n8 229 5 all all DT cord-327278-2n9eo1n8 229 6 sections section NNS cord-327278-2n9eo1n8 229 7 in in IN cord-327278-2n9eo1n8 229 8 this this DT cord-327278-2n9eo1n8 229 9 work work NN cord-327278-2n9eo1n8 229 10 , , , cord-327278-2n9eo1n8 229 11 making make VBG cord-327278-2n9eo1n8 229 12 special special JJ cord-327278-2n9eo1n8 229 13 attention attention NN cord-327278-2n9eo1n8 229 14 to to IN cord-327278-2n9eo1n8 229 15 the the DT cord-327278-2n9eo1n8 229 16 methodological methodological JJ cord-327278-2n9eo1n8 229 17 part part NN cord-327278-2n9eo1n8 229 18 and and CC cord-327278-2n9eo1n8 229 19 the the DT cord-327278-2n9eo1n8 229 20 implications implication NNS cord-327278-2n9eo1n8 229 21 of of IN cord-327278-2n9eo1n8 229 22 the the DT cord-327278-2n9eo1n8 229 23 series series NN cord-327278-2n9eo1n8 229 24 . . . cord-327278-2n9eo1n8 230 1 Prof. Prof. NNP cord-327278-2n9eo1n8 230 2 Peter Peter NNP cord-327278-2n9eo1n8 230 3 WANKE WANKE NNP cord-327278-2n9eo1n8 230 4 proposed propose VBD cord-327278-2n9eo1n8 230 5 the the DT cord-327278-2n9eo1n8 230 6 idea idea NN cord-327278-2n9eo1n8 230 7 of of IN cord-327278-2n9eo1n8 230 8 this this DT cord-327278-2n9eo1n8 230 9 work work NN cord-327278-2n9eo1n8 230 10 . . . cord-327278-2n9eo1n8 231 1 He -PRON- PRP cord-327278-2n9eo1n8 231 2 obtained obtain VBD cord-327278-2n9eo1n8 231 3 the the DT cord-327278-2n9eo1n8 231 4 data datum NNS cord-327278-2n9eo1n8 231 5 and and CC cord-327278-2n9eo1n8 231 6 contributed contribute VBD cord-327278-2n9eo1n8 231 7 on on IN cord-327278-2n9eo1n8 231 8 the the DT cord-327278-2n9eo1n8 231 9 introduction introduction NN cord-327278-2n9eo1n8 231 10 , , , cord-327278-2n9eo1n8 231 11 literature literature NN cord-327278-2n9eo1n8 231 12 review review NN cord-327278-2n9eo1n8 231 13 and and CC cord-327278-2n9eo1n8 231 14 the the DT cord-327278-2n9eo1n8 231 15 implications implication NNS cord-327278-2n9eo1n8 231 16 of of IN cord-327278-2n9eo1n8 231 17 the the DT cord-327278-2n9eo1n8 231 18 results result NNS cord-327278-2n9eo1n8 231 19 . . . cord-327278-2n9eo1n8 232 1 Prof. Prof. NNP cord-327278-2n9eo1n8 232 2 Miguel Miguel NNP cord-327278-2n9eo1n8 232 3 MARTIN MARTIN NNP cord-327278-2n9eo1n8 232 4 - - HYPH cord-327278-2n9eo1n8 232 5 VALMAYOR VALMAYOR NNP cord-327278-2n9eo1n8 232 6 contributed contribute VBD cord-327278-2n9eo1n8 232 7 with with IN cord-327278-2n9eo1n8 232 8 the the DT cord-327278-2n9eo1n8 232 9 introduction introduction NN cord-327278-2n9eo1n8 232 10 , , , cord-327278-2n9eo1n8 232 11 literature literature NN cord-327278-2n9eo1n8 232 12 review review NN cord-327278-2n9eo1n8 232 13 and and CC cord-327278-2n9eo1n8 232 14 the the DT cord-327278-2n9eo1n8 232 15 geographical geographical JJ cord-327278-2n9eo1n8 232 16 context context NN cord-327278-2n9eo1n8 232 17 on on IN cord-327278-2n9eo1n8 232 18 Section section NN cord-327278-2n9eo1n8 232 19 3 3 CD cord-327278-2n9eo1n8 232 20 ( ( -LRB- cord-327278-2n9eo1n8 232 21 The the DT cord-327278-2n9eo1n8 232 22 Iberian iberian JJ cord-327278-2n9eo1n8 232 23 case case NN cord-327278-2n9eo1n8 232 24 ) ) -RRB- cord-327278-2n9eo1n8 232 25 . . . cord-327278-2n9eo1n8 233 1 Also also RB cord-327278-2n9eo1n8 233 2 , , , cord-327278-2n9eo1n8 233 3 with with IN cord-327278-2n9eo1n8 233 4 the the DT cord-327278-2n9eo1n8 233 5 implications implication NNS cord-327278-2n9eo1n8 233 6 of of IN cord-327278-2n9eo1n8 233 7 the the DT cord-327278-2n9eo1n8 233 8 results result NNS cord-327278-2n9eo1n8 233 9 . . . cord-327278-2n9eo1n8 234 1 For for IN cord-327278-2n9eo1n8 234 2 the the DT cord-327278-2n9eo1n8 234 3 revision revision NN cord-327278-2n9eo1n8 234 4 , , , cord-327278-2n9eo1n8 234 5 the the DT cord-327278-2n9eo1n8 234 6 three three CD cord-327278-2n9eo1n8 234 7 authors author NNS cord-327278-2n9eo1n8 234 8 have have VBP cord-327278-2n9eo1n8 234 9 jointly jointly RB cord-327278-2n9eo1n8 234 10 worked work VBN cord-327278-2n9eo1n8 234 11 on on IN cord-327278-2n9eo1n8 234 12 it -PRON- PRP cord-327278-2n9eo1n8 234 13 . . . cord-327278-2n9eo1n8 235 1 Estimated estimate VBN cord-327278-2n9eo1n8 235 2 coefficients coefficient NNS cord-327278-2n9eo1n8 235 3 in in IN cord-327278-2n9eo1n8 235 4 the the DT cord-327278-2n9eo1n8 235 5 model model NN cord-327278-2n9eo1n8 235 6 in in IN cord-327278-2n9eo1n8 235 7 ( ( -LRB- cord-327278-2n9eo1n8 235 8 5 5 CD cord-327278-2n9eo1n8 235 9 ) ) -RRB- cord-327278-2n9eo1n8 236 1 In in IN cord-327278-2n9eo1n8 236 2 bold bold JJ cord-327278-2n9eo1n8 236 3 , , , cord-327278-2n9eo1n8 236 4 significant significant JJ cord-327278-2n9eo1n8 236 5 coefficients coefficient NNS cord-327278-2n9eo1n8 236 6 at at IN cord-327278-2n9eo1n8 236 7 the the DT cord-327278-2n9eo1n8 236 8 5 5 CD cord-327278-2n9eo1n8 236 9 % % NN cord-327278-2n9eo1n8 236 10 level level NN cord-327278-2n9eo1n8 236 11 . . . cord-327278-2n9eo1n8 237 1 Estimated estimate VBN cord-327278-2n9eo1n8 237 2 coefficients coefficient NNS cord-327278-2n9eo1n8 237 3 in in IN cord-327278-2n9eo1n8 237 4 the the DT cord-327278-2n9eo1n8 237 5 model model NN cord-327278-2n9eo1n8 237 6 in in IN cord-327278-2n9eo1n8 237 7 ( ( -LRB- cord-327278-2n9eo1n8 237 8 5 5 CD cord-327278-2n9eo1n8 237 9 ) ) -RRB- cord-327278-2n9eo1n8 238 1 In in IN cord-327278-2n9eo1n8 238 2 bold bold JJ cord-327278-2n9eo1n8 238 3 , , , cord-327278-2n9eo1n8 238 4 significant significant JJ cord-327278-2n9eo1n8 238 5 coefficients coefficient NNS cord-327278-2n9eo1n8 238 6 at at IN cord-327278-2n9eo1n8 238 7 the the DT cord-327278-2n9eo1n8 238 8 5 5 CD cord-327278-2n9eo1n8 238 9 % % NN cord-327278-2n9eo1n8 238 10 level level NN cord-327278-2n9eo1n8 238 11 . . . cord-327278-2n9eo1n8 239 1 Estimated estimate VBN cord-327278-2n9eo1n8 239 2 coefficients coefficient NNS cord-327278-2n9eo1n8 239 3 in in IN cord-327278-2n9eo1n8 239 4 the the DT cord-327278-2n9eo1n8 239 5 model model NN cord-327278-2n9eo1n8 239 6 in in IN cord-327278-2n9eo1n8 239 7 ( ( -LRB- cord-327278-2n9eo1n8 239 8 6 6 CD cord-327278-2n9eo1n8 239 9 ) ) -RRB- cord-327278-2n9eo1n8 240 1 In in IN cord-327278-2n9eo1n8 240 2 bold bold JJ cord-327278-2n9eo1n8 240 3 , , , cord-327278-2n9eo1n8 240 4 significant significant JJ cord-327278-2n9eo1n8 240 5 coefficients coefficient NNS cord-327278-2n9eo1n8 240 6 at at IN cord-327278-2n9eo1n8 240 7 the the DT cord-327278-2n9eo1n8 240 8 5 5 CD cord-327278-2n9eo1n8 240 9 % % NN cord-327278-2n9eo1n8 240 10 level level NN cord-327278-2n9eo1n8 240 11 . . . cord-327278-2n9eo1n8 241 1 In in IN cord-327278-2n9eo1n8 241 2 bold bold JJ cord-327278-2n9eo1n8 241 3 , , , cord-327278-2n9eo1n8 241 4 significant significant JJ cord-327278-2n9eo1n8 241 5 coefficients coefficient NNS cord-327278-2n9eo1n8 241 6 at at IN cord-327278-2n9eo1n8 241 7 the the DT cord-327278-2n9eo1n8 241 8 5 5 CD cord-327278-2n9eo1n8 241 9 % % NN cord-327278-2n9eo1n8 241 10 level level NN cord-327278-2n9eo1n8 241 11 . . . cord-327278-2n9eo1n8 242 1 The the DT cord-327278-2n9eo1n8 242 2 authors author NNS cord-327278-2n9eo1n8 242 3 declare declare VBP cord-327278-2n9eo1n8 242 4 that that IN cord-327278-2n9eo1n8 242 5 they -PRON- PRP cord-327278-2n9eo1n8 242 6 have have VBP cord-327278-2n9eo1n8 242 7 no no DT cord-327278-2n9eo1n8 242 8 known know VBN cord-327278-2n9eo1n8 242 9 competing compete VBG cord-327278-2n9eo1n8 242 10 financial financial JJ cord-327278-2n9eo1n8 242 11 interests interest NNS cord-327278-2n9eo1n8 242 12 or or CC cord-327278-2n9eo1n8 242 13 personal personal JJ cord-327278-2n9eo1n8 242 14 relationships relationship NNS cord-327278-2n9eo1n8 242 15 that that WDT cord-327278-2n9eo1n8 242 16 could could MD cord-327278-2n9eo1n8 242 17 have have VB cord-327278-2n9eo1n8 242 18 appeared appear VBN cord-327278-2n9eo1n8 242 19 to to TO cord-327278-2n9eo1n8 242 20 influence influence VB cord-327278-2n9eo1n8 242 21 the the DT cord-327278-2n9eo1n8 242 22 work work NN cord-327278-2n9eo1n8 242 23 reported report VBN cord-327278-2n9eo1n8 242 24 in in IN cord-327278-2n9eo1n8 242 25 this this DT cord-327278-2n9eo1n8 242 26 paper paper NN cord-327278-2n9eo1n8 242 27 . . . cord-327278-2n9eo1n8 243 1 Energy energy NN cord-327278-2n9eo1n8 243 2 models model NNS cord-327278-2n9eo1n8 243 3 for for IN cord-327278-2n9eo1n8 243 4 demand demand NN cord-327278-2n9eo1n8 243 5 forecasting forecasting NN cord-327278-2n9eo1n8 243 6 - - : cord-327278-2n9eo1n8 243 7 a a DT cord-327278-2n9eo1n8 243 8 review review NN cord-327278-2n9eo1n8 244 1 Electricity electricity NN cord-327278-2n9eo1n8 244 2 tariffs tariff NNS cord-327278-2n9eo1n8 244 3 in in IN cord-327278-2n9eo1n8 244 4 theory theory NN cord-327278-2n9eo1n8 244 5 and and CC cord-327278-2n9eo1n8 244 6 practice practice VB cord-327278-2n9eo1n8 244 7 Some some DT cord-327278-2n9eo1n8 244 8 calculations calculation NNS cord-327278-2n9eo1n8 244 9 of of IN cord-327278-2n9eo1n8 244 10 electricity electricity NN cord-327278-2n9eo1n8 244 11 consumption consumption NN cord-327278-2n9eo1n8 244 12 in in IN cord-327278-2n9eo1n8 244 13 great great JJ cord-327278-2n9eo1n8 244 14 britain britain NNP cord-327278-2n9eo1n8 244 15 S S NNP cord-327278-2n9eo1n8 245 1 � � . cord-327278-2n9eo1n8 246 1 anchez anchez NNP cord-327278-2n9eo1n8 246 2 - - HYPH cord-327278-2n9eo1n8 246 3 Ch Ch NNP cord-327278-2n9eo1n8 246 4 � � NNP cord-327278-2n9eo1n8 246 5 oliz oliz NN cord-327278-2n9eo1n8 246 6 , , , cord-327278-2n9eo1n8 247 1 The the DT cord-327278-2n9eo1n8 247 2 electricity electricity NN cord-327278-2n9eo1n8 247 3 industry industry NN cord-327278-2n9eo1n8 247 4 in in IN cord-327278-2n9eo1n8 247 5 Spain Spain NNP cord-327278-2n9eo1n8 247 6 : : : cord-327278-2n9eo1n8 247 7 a a DT cord-327278-2n9eo1n8 247 8 structural structural JJ cord-327278-2n9eo1n8 247 9 analysis analysis NN cord-327278-2n9eo1n8 247 10 using use VBG cord-327278-2n9eo1n8 247 11 a a DT cord-327278-2n9eo1n8 247 12 disaggregated disaggregated JJ cord-327278-2n9eo1n8 247 13 input input NN cord-327278-2n9eo1n8 247 14 - - HYPH cord-327278-2n9eo1n8 247 15 output output NN cord-327278-2n9eo1n8 247 16 model model NN cord-327278-2n9eo1n8 247 17 How how WRB cord-327278-2n9eo1n8 247 18 much much JJ cord-327278-2n9eo1n8 247 19 room room NN cord-327278-2n9eo1n8 247 20 for for IN cord-327278-2n9eo1n8 247 21 a a DT cord-327278-2n9eo1n8 247 22 competitive competitive JJ cord-327278-2n9eo1n8 247 23 electricity electricity NN cord-327278-2n9eo1n8 247 24 generation generation NN cord-327278-2n9eo1n8 247 25 market market NN cord-327278-2n9eo1n8 247 26 in in IN cord-327278-2n9eo1n8 247 27 Portugal Portugal NNP cord-327278-2n9eo1n8 247 28 ? ? . cord-327278-2n9eo1n8 248 1 Modeling model VBG cord-327278-2n9eo1n8 248 2 realized realize VBD cord-327278-2n9eo1n8 248 3 volatility volatility NN cord-327278-2n9eo1n8 248 4 on on IN cord-327278-2n9eo1n8 248 5 the the DT cord-327278-2n9eo1n8 248 6 Spanish spanish JJ cord-327278-2n9eo1n8 248 7 intra intra JJ cord-327278-2n9eo1n8 248 8 - - JJ cord-327278-2n9eo1n8 248 9 day day JJ cord-327278-2n9eo1n8 248 10 electricity electricity NN cord-327278-2n9eo1n8 248 11 market market NN cord-327278-2n9eo1n8 248 12 Analysis Analysis NNP cord-327278-2n9eo1n8 248 13 of of IN cord-327278-2n9eo1n8 248 14 the the DT cord-327278-2n9eo1n8 248 15 traded trade VBN cord-327278-2n9eo1n8 248 16 volume volume NN cord-327278-2n9eo1n8 248 17 drivers driver NNS cord-327278-2n9eo1n8 248 18 of of IN cord-327278-2n9eo1n8 248 19 the the DT cord-327278-2n9eo1n8 248 20 Iberian iberian JJ cord-327278-2n9eo1n8 248 21 power power NN cord-327278-2n9eo1n8 248 22 futures future NNS cord-327278-2n9eo1n8 248 23 market market NN cord-327278-2n9eo1n8 249 1 A a DT cord-327278-2n9eo1n8 249 2 review review NN cord-327278-2n9eo1n8 249 3 of of IN cord-327278-2n9eo1n8 249 4 energy energy NN cord-327278-2n9eo1n8 249 5 models model NNS cord-327278-2n9eo1n8 249 6 Demographic demographic JJ cord-327278-2n9eo1n8 249 7 trends trend NNS cord-327278-2n9eo1n8 249 8 and and CC cord-327278-2n9eo1n8 249 9 energy energy NN cord-327278-2n9eo1n8 249 10 consumption consumption NN cord-327278-2n9eo1n8 249 11 in in IN cord-327278-2n9eo1n8 249 12 European European NNP cord-327278-2n9eo1n8 249 13 Union Union NNP cord-327278-2n9eo1n8 249 14 Nations Nations NNP cord-327278-2n9eo1n8 249 15 Dynamic Dynamic NNP cord-327278-2n9eo1n8 249 16 multilevel multilevel JJ cord-327278-2n9eo1n8 249 17 modelling modelling NN cord-327278-2n9eo1n8 249 18 of of IN cord-327278-2n9eo1n8 249 19 industrial industrial JJ cord-327278-2n9eo1n8 249 20 energy energy NN cord-327278-2n9eo1n8 249 21 demand demand NN cord-327278-2n9eo1n8 249 22 in in IN cord-327278-2n9eo1n8 249 23 Europe Europe NNP cord-327278-2n9eo1n8 249 24 Asymmetric Asymmetric NNP cord-327278-2n9eo1n8 249 25 price price NN cord-327278-2n9eo1n8 249 26 responses response NNS cord-327278-2n9eo1n8 249 27 and and CC cord-327278-2n9eo1n8 249 28 the the DT cord-327278-2n9eo1n8 249 29 underlying underlie VBG cord-327278-2n9eo1n8 249 30 energy energy NN cord-327278-2n9eo1n8 249 31 demand demand NN cord-327278-2n9eo1n8 249 32 trend trend NN cord-327278-2n9eo1n8 249 33 : : : cord-327278-2n9eo1n8 249 34 are be VBP cord-327278-2n9eo1n8 249 35 they -PRON- PRP cord-327278-2n9eo1n8 249 36 substitutes substitute NNS cord-327278-2n9eo1n8 249 37 or or CC cord-327278-2n9eo1n8 249 38 complements complement NNS cord-327278-2n9eo1n8 249 39 ? ? . cord-327278-2n9eo1n8 250 1 Evidence evidence NN cord-327278-2n9eo1n8 250 2 from from IN cord-327278-2n9eo1n8 250 3 modelling model VBG cord-327278-2n9eo1n8 250 4 OECD OECD NNP cord-327278-2n9eo1n8 250 5 aggregate aggregate JJ cord-327278-2n9eo1n8 250 6 energy energy NN cord-327278-2n9eo1n8 250 7 demand demand NN cord-327278-2n9eo1n8 250 8 Energy Energy NNP cord-327278-2n9eo1n8 250 9 consumption consumption NN cord-327278-2n9eo1n8 250 10 and and CC cord-327278-2n9eo1n8 250 11 energy energy NN cord-327278-2n9eo1n8 250 12 R&D r&d NN cord-327278-2n9eo1n8 250 13 in in IN cord-327278-2n9eo1n8 250 14 OECD OECD NNP cord-327278-2n9eo1n8 250 15 : : : cord-327278-2n9eo1n8 250 16 perspectives perspective NNS cord-327278-2n9eo1n8 250 17 from from IN cord-327278-2n9eo1n8 250 18 oil oil NN cord-327278-2n9eo1n8 250 19 prices price NNS cord-327278-2n9eo1n8 250 20 and and CC cord-327278-2n9eo1n8 250 21 economic economic JJ cord-327278-2n9eo1n8 250 22 growth growth NN cord-327278-2n9eo1n8 250 23 Modelling modelling NN cord-327278-2n9eo1n8 250 24 energy energy NN cord-327278-2n9eo1n8 250 25 demand demand NN cord-327278-2n9eo1n8 250 26 of of IN cord-327278-2n9eo1n8 250 27 developing develop VBG cord-327278-2n9eo1n8 250 28 countries country NNS cord-327278-2n9eo1n8 250 29 : : : cord-327278-2n9eo1n8 250 30 are be VBP cord-327278-2n9eo1n8 250 31 the the DT cord-327278-2n9eo1n8 250 32 specific specific JJ cord-327278-2n9eo1n8 250 33 features feature NNS cord-327278-2n9eo1n8 250 34 adequately adequately RB cord-327278-2n9eo1n8 250 35 captured capture VBN cord-327278-2n9eo1n8 250 36 ? ? . cord-327278-2n9eo1n8 251 1 Energy energy NN cord-327278-2n9eo1n8 251 2 consumption consumption NN cord-327278-2n9eo1n8 251 3 , , , cord-327278-2n9eo1n8 251 4 cultural cultural JJ cord-327278-2n9eo1n8 251 5 background background NN cord-327278-2n9eo1n8 251 6 and and CC cord-327278-2n9eo1n8 251 7 payment payment NN cord-327278-2n9eo1n8 251 8 structure structure NN cord-327278-2n9eo1n8 252 1 Modeling model VBG cord-327278-2n9eo1n8 252 2 energy energy NN cord-327278-2n9eo1n8 252 3 demand demand NN cord-327278-2n9eo1n8 252 4 : : : cord-327278-2n9eo1n8 253 1 some some DT cord-327278-2n9eo1n8 253 2 emerging emerge VBG cord-327278-2n9eo1n8 253 3 issues issue NNS cord-327278-2n9eo1n8 253 4 Weather weather NN cord-327278-2n9eo1n8 253 5 and and CC cord-327278-2n9eo1n8 253 6 market market NN cord-327278-2n9eo1n8 253 7 specificities specificity NNS cord-327278-2n9eo1n8 253 8 in in IN cord-327278-2n9eo1n8 253 9 the the DT cord-327278-2n9eo1n8 253 10 regional regional JJ cord-327278-2n9eo1n8 253 11 transmission transmission NN cord-327278-2n9eo1n8 253 12 of of IN cord-327278-2n9eo1n8 253 13 renewable renewable JJ cord-327278-2n9eo1n8 253 14 energy energy NN cord-327278-2n9eo1n8 253 15 price price NN cord-327278-2n9eo1n8 253 16 effects effect NNS cord-327278-2n9eo1n8 254 1 A a DT cord-327278-2n9eo1n8 254 2 review review NN cord-327278-2n9eo1n8 254 3 of of IN cord-327278-2n9eo1n8 254 4 current current JJ cord-327278-2n9eo1n8 254 5 challenges challenge NNS cord-327278-2n9eo1n8 254 6 and and CC cord-327278-2n9eo1n8 254 7 trends trend NNS cord-327278-2n9eo1n8 254 8 in in IN cord-327278-2n9eo1n8 254 9 energy energy NN cord-327278-2n9eo1n8 254 10 systems system NNS cord-327278-2n9eo1n8 254 11 modeling model VBG cord-327278-2n9eo1n8 254 12 Modelling modelling NN cord-327278-2n9eo1n8 254 13 and and CC cord-327278-2n9eo1n8 254 14 measuring measure VBG cord-327278-2n9eo1n8 254 15 price price NN cord-327278-2n9eo1n8 254 16 discovery discovery NN cord-327278-2n9eo1n8 254 17 in in IN cord-327278-2n9eo1n8 254 18 commodity commodity NN cord-327278-2n9eo1n8 254 19 markets market NNS cord-327278-2n9eo1n8 255 1 An an DT cord-327278-2n9eo1n8 255 2 analysis analysis NN cord-327278-2n9eo1n8 255 3 of of IN cord-327278-2n9eo1n8 255 4 time time NN cord-327278-2n9eo1n8 255 5 - - HYPH cord-327278-2n9eo1n8 255 6 varying vary VBG cord-327278-2n9eo1n8 255 7 commodity commodity NN cord-327278-2n9eo1n8 255 8 market market NN cord-327278-2n9eo1n8 255 9 price price NN cord-327278-2n9eo1n8 255 10 discovery discovery NN cord-327278-2n9eo1n8 255 11 Electricity Electricity NNP cord-327278-2n9eo1n8 255 12 price price NN cord-327278-2n9eo1n8 255 13 forecasting forecasting NN cord-327278-2n9eo1n8 255 14 : : : cord-327278-2n9eo1n8 255 15 a a DT cord-327278-2n9eo1n8 255 16 review review NN cord-327278-2n9eo1n8 255 17 of of IN cord-327278-2n9eo1n8 255 18 the the DT cord-327278-2n9eo1n8 255 19 state state NN cord-327278-2n9eo1n8 255 20 - - HYPH cord-327278-2n9eo1n8 255 21 of of IN cord-327278-2n9eo1n8 255 22 - - HYPH cord-327278-2n9eo1n8 255 23 the the DT cord-327278-2n9eo1n8 255 24 - - HYPH cord-327278-2n9eo1n8 255 25 art art NN cord-327278-2n9eo1n8 255 26 with with IN cord-327278-2n9eo1n8 255 27 a a DT cord-327278-2n9eo1n8 255 28 look look NN cord-327278-2n9eo1n8 255 29 into into IN cord-327278-2n9eo1n8 255 30 the the DT cord-327278-2n9eo1n8 255 31 future future JJ cord-327278-2n9eo1n8 255 32 Recent recent JJ cord-327278-2n9eo1n8 255 33 advances advance NNS cord-327278-2n9eo1n8 255 34 in in IN cord-327278-2n9eo1n8 255 35 electricity electricity NN cord-327278-2n9eo1n8 255 36 price price NN cord-327278-2n9eo1n8 255 37 forecasting forecasting NN cord-327278-2n9eo1n8 255 38 : : : cord-327278-2n9eo1n8 255 39 a a DT cord-327278-2n9eo1n8 255 40 review review NN cord-327278-2n9eo1n8 255 41 of of IN cord-327278-2n9eo1n8 255 42 probabilistic probabilistic JJ cord-327278-2n9eo1n8 255 43 forecasting forecasting NN cord-327278-2n9eo1n8 255 44 Price price NN cord-327278-2n9eo1n8 255 45 discovery discovery NN cord-327278-2n9eo1n8 255 46 in in IN cord-327278-2n9eo1n8 255 47 energy energy NN cord-327278-2n9eo1n8 255 48 markets market NNS cord-327278-2n9eo1n8 255 49 Modeling model VBG cord-327278-2n9eo1n8 255 50 electricity electricity NN cord-327278-2n9eo1n8 255 51 spot spot NN cord-327278-2n9eo1n8 255 52 and and CC cord-327278-2n9eo1n8 255 53 futures future NNS cord-327278-2n9eo1n8 255 54 price price NN cord-327278-2n9eo1n8 255 55 dependence dependence NN cord-327278-2n9eo1n8 255 56 : : : cord-327278-2n9eo1n8 255 57 a a DT cord-327278-2n9eo1n8 255 58 multifrequency multifrequency JJ cord-327278-2n9eo1n8 255 59 approach approach NN cord-327278-2n9eo1n8 255 60 Forecasting forecast VBG cord-327278-2n9eo1n8 255 61 electricity electricity NN cord-327278-2n9eo1n8 255 62 prices price NNS cord-327278-2n9eo1n8 255 63 and and CC cord-327278-2n9eo1n8 255 64 their -PRON- PRP$ cord-327278-2n9eo1n8 255 65 volatilities volatility NNS cord-327278-2n9eo1n8 255 66 using use VBG cord-327278-2n9eo1n8 255 67 Unobserved Unobserved NNP cord-327278-2n9eo1n8 255 68 Components Components NNP cord-327278-2n9eo1n8 255 69 Component Component NNP cord-327278-2n9eo1n8 255 70 estimation estimation NN cord-327278-2n9eo1n8 255 71 for for IN cord-327278-2n9eo1n8 255 72 electricity electricity NN cord-327278-2n9eo1n8 255 73 market market NN cord-327278-2n9eo1n8 255 74 data datum NNS cord-327278-2n9eo1n8 255 75 : : : cord-327278-2n9eo1n8 255 76 deterministic deterministic JJ cord-327278-2n9eo1n8 255 77 or or CC cord-327278-2n9eo1n8 255 78 stochastic stochastic JJ cord-327278-2n9eo1n8 255 79 ? ? . cord-327278-2n9eo1n8 256 1 Integrated integrate VBN cord-327278-2n9eo1n8 256 2 European european JJ cord-327278-2n9eo1n8 256 3 intra intra JJ cord-327278-2n9eo1n8 256 4 - - JJ cord-327278-2n9eo1n8 256 5 day day JJ cord-327278-2n9eo1n8 256 6 electricity electricity NN cord-327278-2n9eo1n8 256 7 market market NN cord-327278-2n9eo1n8 256 8 : : : cord-327278-2n9eo1n8 256 9 rules rule NNS cord-327278-2n9eo1n8 256 10 , , , cord-327278-2n9eo1n8 256 11 modeling modeling NN cord-327278-2n9eo1n8 256 12 and and CC cord-327278-2n9eo1n8 256 13 analysis analysis NN cord-327278-2n9eo1n8 256 14 New new JJ cord-327278-2n9eo1n8 256 15 probabilistic probabilistic JJ cord-327278-2n9eo1n8 256 16 price price NN cord-327278-2n9eo1n8 256 17 forecasting forecasting NN cord-327278-2n9eo1n8 256 18 models model NNS cord-327278-2n9eo1n8 256 19 : : : cord-327278-2n9eo1n8 256 20 application application NN cord-327278-2n9eo1n8 256 21 to to IN cord-327278-2n9eo1n8 256 22 the the DT cord-327278-2n9eo1n8 256 23 Iberian iberian JJ cord-327278-2n9eo1n8 256 24 electricity electricity NN cord-327278-2n9eo1n8 256 25 market market NN cord-327278-2n9eo1n8 256 26 Electricity electricity NN cord-327278-2n9eo1n8 256 27 price price NN cord-327278-2n9eo1n8 256 28 forecasting forecasting NN cord-327278-2n9eo1n8 256 29 in in IN cord-327278-2n9eo1n8 256 30 the the DT cord-327278-2n9eo1n8 256 31 short short JJ cord-327278-2n9eo1n8 256 32 term term NN cord-327278-2n9eo1n8 256 33 hybridising hybridise VBG cord-327278-2n9eo1n8 256 34 fundamental fundamental JJ cord-327278-2n9eo1n8 256 35 and and CC cord-327278-2n9eo1n8 256 36 econometric econometric JJ cord-327278-2n9eo1n8 256 37 modelling modelling NN cord-327278-2n9eo1n8 256 38 Modeling modeling NN cord-327278-2n9eo1n8 256 39 and and CC cord-327278-2n9eo1n8 256 40 forecasting forecasting NN cord-327278-2n9eo1n8 257 1 multivariate multivariate JJ cord-327278-2n9eo1n8 257 2 electricity electricity NN cord-327278-2n9eo1n8 257 3 price price NN cord-327278-2n9eo1n8 257 4 spikes spike NNS cord-327278-2n9eo1n8 257 5 Forecasting forecast VBG cord-327278-2n9eo1n8 257 6 spot spot NN cord-327278-2n9eo1n8 257 7 electricity electricity NN cord-327278-2n9eo1n8 257 8 prices price NNS cord-327278-2n9eo1n8 257 9 : : : cord-327278-2n9eo1n8 257 10 deep deep JJ cord-327278-2n9eo1n8 257 11 learning learning NN cord-327278-2n9eo1n8 257 12 approaches approach NNS cord-327278-2n9eo1n8 257 13 and and CC cord-327278-2n9eo1n8 257 14 empirical empirical JJ cord-327278-2n9eo1n8 257 15 comparison comparison NN cord-327278-2n9eo1n8 257 16 of of IN cord-327278-2n9eo1n8 257 17 traditional traditional JJ cord-327278-2n9eo1n8 257 18 algorithms algorithm NNS cord-327278-2n9eo1n8 257 19 Forecasting Forecasting NNP cord-327278-2n9eo1n8 257 20 day day NN cord-327278-2n9eo1n8 257 21 - - HYPH cord-327278-2n9eo1n8 257 22 ahead ahead RB cord-327278-2n9eo1n8 257 23 electricity electricity NN cord-327278-2n9eo1n8 257 24 prices price NNS cord-327278-2n9eo1n8 257 25 in in IN cord-327278-2n9eo1n8 257 26 Europe Europe NNP cord-327278-2n9eo1n8 257 27 : : : cord-327278-2n9eo1n8 257 28 the the DT cord-327278-2n9eo1n8 257 29 importance importance NN cord-327278-2n9eo1n8 257 30 of of IN cord-327278-2n9eo1n8 257 31 considering consider VBG cord-327278-2n9eo1n8 257 32 market market NN cord-327278-2n9eo1n8 257 33 integration integration NN cord-327278-2n9eo1n8 257 34 Long long JJ cord-327278-2n9eo1n8 257 35 memory memory NN cord-327278-2n9eo1n8 257 36 in in IN cord-327278-2n9eo1n8 258 1 energy energy NN cord-327278-2n9eo1n8 258 2 futures future NNS cord-327278-2n9eo1n8 258 3 prices price NNS cord-327278-2n9eo1n8 258 4 Evidence evidence NN cord-327278-2n9eo1n8 258 5 of of IN cord-327278-2n9eo1n8 258 6 long long JJ cord-327278-2n9eo1n8 258 7 memory memory NN cord-327278-2n9eo1n8 258 8 behavior behavior NN cord-327278-2n9eo1n8 258 9 in in IN cord-327278-2n9eo1n8 258 10 U.S. U.S. NNP cord-327278-2n9eo1n8 258 11 renewable renewable JJ cord-327278-2n9eo1n8 258 12 energy energy NN cord-327278-2n9eo1n8 258 13 consumption consumption NN cord-327278-2n9eo1n8 258 14 Measuring measure VBG cord-327278-2n9eo1n8 258 15 long long JJ cord-327278-2n9eo1n8 258 16 - - HYPH cord-327278-2n9eo1n8 258 17 range range NN cord-327278-2n9eo1n8 258 18 dependence dependence NN cord-327278-2n9eo1n8 258 19 in in IN cord-327278-2n9eo1n8 258 20 electricity electricity NN cord-327278-2n9eo1n8 258 21 prices price NNS cord-327278-2n9eo1n8 258 22 Shocks shock NNS cord-327278-2n9eo1n8 258 23 affecting affect VBG cord-327278-2n9eo1n8 258 24 electricity electricity NN cord-327278-2n9eo1n8 258 25 prices price NNS cord-327278-2n9eo1n8 258 26 in in IN cord-327278-2n9eo1n8 258 27 Kenya Kenya NNP cord-327278-2n9eo1n8 258 28 , , , cord-327278-2n9eo1n8 258 29 a a DT cord-327278-2n9eo1n8 258 30 fractional fractional JJ cord-327278-2n9eo1n8 258 31 integration integration NN cord-327278-2n9eo1n8 258 32 study study NN cord-327278-2n9eo1n8 258 33 Long long JJ cord-327278-2n9eo1n8 258 34 range range NN cord-327278-2n9eo1n8 258 35 dependence dependence NN cord-327278-2n9eo1n8 258 36 and and CC cord-327278-2n9eo1n8 258 37 breaks break NNS cord-327278-2n9eo1n8 258 38 in in IN cord-327278-2n9eo1n8 258 39 energy energy NN cord-327278-2n9eo1n8 258 40 prices price NNS cord-327278-2n9eo1n8 258 41 Replacing replace VBG cord-327278-2n9eo1n8 258 42 coal coal NN cord-327278-2n9eo1n8 258 43 - - HYPH cord-327278-2n9eo1n8 258 44 fired fire VBN cord-327278-2n9eo1n8 258 45 power power NN cord-327278-2n9eo1n8 258 46 plants plant NNS cord-327278-2n9eo1n8 258 47 by by IN cord-327278-2n9eo1n8 258 48 photovoltaics photovoltaic NNS cord-327278-2n9eo1n8 258 49 in in IN cord-327278-2n9eo1n8 258 50 the the DT cord-327278-2n9eo1n8 258 51 Portuguese portuguese JJ cord-327278-2n9eo1n8 258 52 electricity electricity NN cord-327278-2n9eo1n8 258 53 system system NN cord-327278-2n9eo1n8 259 1 Long long JJ cord-327278-2n9eo1n8 259 2 term term NN cord-327278-2n9eo1n8 259 3 impact impact NN cord-327278-2n9eo1n8 259 4 of of IN cord-327278-2n9eo1n8 259 5 wind wind NN cord-327278-2n9eo1n8 259 6 power power NN cord-327278-2n9eo1n8 259 7 generation generation NN cord-327278-2n9eo1n8 259 8 in in IN cord-327278-2n9eo1n8 259 9 the the DT cord-327278-2n9eo1n8 259 10 Iberian iberian JJ cord-327278-2n9eo1n8 259 11 day day NN cord-327278-2n9eo1n8 259 12 - - HYPH cord-327278-2n9eo1n8 259 13 ahead ahead RB cord-327278-2n9eo1n8 259 14 electricity electricity NN cord-327278-2n9eo1n8 259 15 market market NN cord-327278-2n9eo1n8 259 16 price price NN cord-327278-2n9eo1n8 260 1 Distributional distributional JJ cord-327278-2n9eo1n8 260 2 costs cost NNS cord-327278-2n9eo1n8 260 3 of of IN cord-327278-2n9eo1n8 260 4 wind wind NN cord-327278-2n9eo1n8 260 5 energy energy NN cord-327278-2n9eo1n8 260 6 production production NN cord-327278-2n9eo1n8 260 7 in in IN cord-327278-2n9eo1n8 260 8 Portugal Portugal NNP cord-327278-2n9eo1n8 260 9 under under IN cord-327278-2n9eo1n8 260 10 the the DT cord-327278-2n9eo1n8 260 11 liberalized liberalize VBN cord-327278-2n9eo1n8 260 12 Iberian iberian JJ cord-327278-2n9eo1n8 260 13 market market NN cord-327278-2n9eo1n8 260 14 regime regime NN cord-327278-2n9eo1n8 261 1 A a DT cord-327278-2n9eo1n8 261 2 regulatory regulatory JJ cord-327278-2n9eo1n8 261 3 assessment assessment NN cord-327278-2n9eo1n8 261 4 of of IN cord-327278-2n9eo1n8 261 5 the the DT cord-327278-2n9eo1n8 261 6 electricity electricity NN cord-327278-2n9eo1n8 261 7 merchant merchant NN cord-327278-2n9eo1n8 261 8 transmission transmission NN cord-327278-2n9eo1n8 261 9 investment investment NN cord-327278-2n9eo1n8 261 10 in in IN cord-327278-2n9eo1n8 261 11 EU EU NNP cord-327278-2n9eo1n8 261 12 Evaluating evaluate VBG cord-327278-2n9eo1n8 261 13 the the DT cord-327278-2n9eo1n8 261 14 market market NN cord-327278-2n9eo1n8 261 15 splitting splitting NN cord-327278-2n9eo1n8 261 16 determinants determinant NNS cord-327278-2n9eo1n8 261 17 : : : cord-327278-2n9eo1n8 261 18 evidence evidence NN cord-327278-2n9eo1n8 261 19 from from IN cord-327278-2n9eo1n8 261 20 the the DT cord-327278-2n9eo1n8 261 21 Iberian iberian JJ cord-327278-2n9eo1n8 261 22 spot spot NN cord-327278-2n9eo1n8 261 23 electricity electricity NN cord-327278-2n9eo1n8 261 24 prices price NNS cord-327278-2n9eo1n8 261 25 Electricity electricity NN cord-327278-2n9eo1n8 261 26 consumption consumption NN cord-327278-2n9eo1n8 261 27 and and CC cord-327278-2n9eo1n8 261 28 economic economic JJ cord-327278-2n9eo1n8 261 29 growth growth NN cord-327278-2n9eo1n8 261 30 in in IN cord-327278-2n9eo1n8 261 31 Spain Spain NNP cord-327278-2n9eo1n8 261 32 Market Market NNP cord-327278-2n9eo1n8 261 33 power power NN cord-327278-2n9eo1n8 261 34 analysis analysis NN cord-327278-2n9eo1n8 261 35 in in IN cord-327278-2n9eo1n8 261 36 the the DT cord-327278-2n9eo1n8 261 37 Iberian iberian JJ cord-327278-2n9eo1n8 261 38 electricity electricity NN cord-327278-2n9eo1n8 261 39 market market NN cord-327278-2n9eo1n8 261 40 using use VBG cord-327278-2n9eo1n8 262 1 a a DT cord-327278-2n9eo1n8 262 2 conjectural conjectural JJ cord-327278-2n9eo1n8 262 3 variations variation NNS cord-327278-2n9eo1n8 262 4 model model VBP cord-327278-2n9eo1n8 262 5 Maximum maximum JJ cord-327278-2n9eo1n8 262 6 likelihood likelihood NN cord-327278-2n9eo1n8 262 7 estimation estimation NN cord-327278-2n9eo1n8 262 8 of of IN cord-327278-2n9eo1n8 262 9 fractionally fractionally RB cord-327278-2n9eo1n8 262 10 integrated integrate VBN cord-327278-2n9eo1n8 262 11 time time NN cord-327278-2n9eo1n8 262 12 series series NN cord-327278-2n9eo1n8 262 13 models model NNS cord-327278-2n9eo1n8 263 1 Efficient efficient JJ cord-327278-2n9eo1n8 263 2 parameter parameter NN cord-327278-2n9eo1n8 263 3 estimation estimation NN cord-327278-2n9eo1n8 263 4 for for IN cord-327278-2n9eo1n8 263 5 self self NN cord-327278-2n9eo1n8 263 6 - - HYPH cord-327278-2n9eo1n8 263 7 similar similar JJ cord-327278-2n9eo1n8 263 8 process process NN cord-327278-2n9eo1n8 264 1 Efficient efficient JJ cord-327278-2n9eo1n8 264 2 tests test NNS cord-327278-2n9eo1n8 264 3 of of IN cord-327278-2n9eo1n8 264 4 nonstationary nonstationary JJ cord-327278-2n9eo1n8 264 5 hypotheses hypotheses NNPS cord-327278-2n9eo1n8 264 6 Testing Testing NNP cord-327278-2n9eo1n8 264 7 of of IN cord-327278-2n9eo1n8 264 8 unit unit NN cord-327278-2n9eo1n8 264 9 roots root NNS cord-327278-2n9eo1n8 264 10 and and CC cord-327278-2n9eo1n8 264 11 other other JJ cord-327278-2n9eo1n8 264 12 nonstationary nonstationary JJ cord-327278-2n9eo1n8 264 13 hypotheses hypothesis NNS cord-327278-2n9eo1n8 264 14 in in IN cord-327278-2n9eo1n8 264 15 macroeconomic macroeconomic JJ cord-327278-2n9eo1n8 264 16 time time NN cord-327278-2n9eo1n8 264 17 series series NN cord-327278-2n9eo1n8 264 18 Uncovering uncover VBG cord-327278-2n9eo1n8 264 19 the the DT cord-327278-2n9eo1n8 264 20 U.S. U.S. NNP cord-327278-2n9eo1n8 264 21 term term NN cord-327278-2n9eo1n8 264 22 premium premium NN cord-327278-2n9eo1n8 264 23 . . . cord-327278-2n9eo1n8 265 1 An an DT cord-327278-2n9eo1n8 265 2 alternative alternative JJ cord-327278-2n9eo1n8 265 3 route route NN cord-327278-2n9eo1n8 265 4 Term Term NNP cord-327278-2n9eo1n8 265 5 structure structure NN cord-327278-2n9eo1n8 265 6 persistence persistence NN cord-327278-2n9eo1n8 266 1 An an DT cord-327278-2n9eo1n8 266 2 exponential exponential JJ cord-327278-2n9eo1n8 266 3 model model NN cord-327278-2n9eo1n8 266 4 in in IN cord-327278-2n9eo1n8 266 5 the the DT cord-327278-2n9eo1n8 266 6 spectrum spectrum NN cord-327278-2n9eo1n8 266 7 of of IN cord-327278-2n9eo1n8 266 8 a a DT cord-327278-2n9eo1n8 266 9 scalar scalar JJ cord-327278-2n9eo1n8 266 10 time time NN cord-327278-2n9eo1n8 266 11 series series NN cord-327278-2n9eo1n8 267 1 The the DT cord-327278-2n9eo1n8 267 2 use use NN cord-327278-2n9eo1n8 267 3 of of IN cord-327278-2n9eo1n8 267 4 the the DT cord-327278-2n9eo1n8 267 5 Bloomfield Bloomfield NNP cord-327278-2n9eo1n8 267 6 ( ( -LRB- cord-327278-2n9eo1n8 267 7 1973 1973 CD cord-327278-2n9eo1n8 267 8 ) ) -RRB- cord-327278-2n9eo1n8 267 9 model model NN cord-327278-2n9eo1n8 267 10 as as IN cord-327278-2n9eo1n8 267 11 an an DT cord-327278-2n9eo1n8 267 12 approximation approximation NN cord-327278-2n9eo1n8 267 13 to to IN cord-327278-2n9eo1n8 267 14 ARMA ARMA NNP cord-327278-2n9eo1n8 267 15 processes process NNS cord-327278-2n9eo1n8 267 16 in in IN cord-327278-2n9eo1n8 267 17 the the DT cord-327278-2n9eo1n8 267 18 context context NN cord-327278-2n9eo1n8 267 19 of of IN cord-327278-2n9eo1n8 267 20 fractional fractional JJ cord-327278-2n9eo1n8 267 21 integration integration NN cord-327278-2n9eo1n8 268 1 Prof. Prof. NNP cord-327278-2n9eo1n8 268 2 Luis Luis NNP cord-327278-2n9eo1n8 268 3 A. a. NN cord-327278-2n9eo1n8 268 4 Gil Gil NNP cord-327278-2n9eo1n8 268 5 - - HYPH cord-327278-2n9eo1n8 268 6 Alana Alana NNP cord-327278-2n9eo1n8 268 7 gratefully gratefully RB cord-327278-2n9eo1n8 268 8 acknowledges acknowledge VBZ cord-327278-2n9eo1n8 268 9 financial financial JJ cord-327278-2n9eo1n8 268 10 support support NN cord-327278-2n9eo1n8 268 11 from from IN cord-327278-2n9eo1n8 268 12 the the DT cord-327278-2n9eo1n8 268 13 MINEIC MINEIC NNP cord-327278-2n9eo1n8 268 14 - - HYPH cord-327278-2n9eo1n8 268 15 AEI AEI NNP cord-327278-2n9eo1n8 268 16 - - HYPH cord-327278-2n9eo1n8 268 17 FEDER FEDER NNP cord-327278-2n9eo1n8 268 18 ECO2017 ECO2017 NNP cord-327278-2n9eo1n8 268 19 - - HYPH cord-327278-2n9eo1n8 268 20 85503-R 85503-r CD cord-327278-2n9eo1n8 268 21 project project NN cord-327278-2n9eo1n8 268 22 from from IN cord-327278-2n9eo1n8 268 23 ' ' `` cord-327278-2n9eo1n8 268 24 Ministerio Ministerio NNP cord-327278-2n9eo1n8 268 25 de de NNP cord-327278-2n9eo1n8 268 26 Economía Economía NNP cord-327278-2n9eo1n8 268 27 , , , cord-327278-2n9eo1n8 268 28 Industria Industria NNP cord-327278-2n9eo1n8 268 29 y y NNP cord-327278-2n9eo1n8 268 30 Competitividad Competitividad NNP cord-327278-2n9eo1n8 268 31 ' ' '' cord-327278-2n9eo1n8 268 32 ( ( -LRB- cord-327278-2n9eo1n8 268 33 MINEIC MINEIC NNP cord-327278-2n9eo1n8 268 34 ) ) -RRB- cord-327278-2n9eo1n8 268 35 , , , cord-327278-2n9eo1n8 268 36 ' ' '' cord-327278-2n9eo1n8 268 37 Agencia Agencia NNP cord-327278-2n9eo1n8 268 38 Estatal Estatal NNP cord-327278-2n9eo1n8 268 39 de de NNP cord-327278-2n9eo1n8 268 40 Investigaci Investigaci NNP cord-327278-2n9eo1n8 268 41 � � VBZ cord-327278-2n9eo1n8 268 42 on on IN cord-327278-2n9eo1n8 268 43 ' ' '' cord-327278-2n9eo1n8 268 44 ( ( -LRB- cord-327278-2n9eo1n8 268 45 AEI AEI NNP cord-327278-2n9eo1n8 268 46 ) ) -RRB- cord-327278-2n9eo1n8 268 47 Spain Spain NNP cord-327278-2n9eo1n8 268 48 and and CC cord-327278-2n9eo1n8 268 49 ' ' '' cord-327278-2n9eo1n8 268 50 Fondo Fondo NNP cord-327278-2n9eo1n8 268 51 Europeo Europeo NNP cord-327278-2n9eo1n8 268 52 de de NNP cord-327278-2n9eo1n8 268 53 Desarrollo Desarrollo NNP cord-327278-2n9eo1n8 268 54 Regional Regional NNP cord-327278-2n9eo1n8 268 55 ' ' '' cord-327278-2n9eo1n8 268 56 ( ( -LRB- cord-327278-2n9eo1n8 268 57 FEDER FEDER NNP cord-327278-2n9eo1n8 268 58 ) ) -RRB- cord-327278-2n9eo1n8 268 59 . . . cord-327278-2n9eo1n8 269 1 He -PRON- PRP cord-327278-2n9eo1n8 269 2 and and CC cord-327278-2n9eo1n8 269 3 Dr. Dr. NNP cord-327278-2n9eo1n8 269 4 Miguel Miguel NNP cord-327278-2n9eo1n8 269 5 Martín Martín NNP cord-327278-2n9eo1n8 269 6 - - HYPH cord-327278-2n9eo1n8 269 7 Valmayor Valmayor NNP cord-327278-2n9eo1n8 269 8 also also RB cord-327278-2n9eo1n8 269 9 acknowledges acknowledge VBZ cord-327278-2n9eo1n8 269 10 support support NN cord-327278-2n9eo1n8 269 11 from from IN cord-327278-2n9eo1n8 269 12 an an DT cord-327278-2n9eo1n8 269 13 internal internal JJ cord-327278-2n9eo1n8 269 14 Project Project NNP cord-327278-2n9eo1n8 269 15 of of IN cord-327278-2n9eo1n8 269 16 the the DT cord-327278-2n9eo1n8 269 17 Universidad Universidad NNP cord-327278-2n9eo1n8 269 18 Francisco Francisco NNP cord-327278-2n9eo1n8 269 19 de de NNP cord-327278-2n9eo1n8 269 20 Vitoria Vitoria NNP cord-327278-2n9eo1n8 269 21 entitled entitle VBD cord-327278-2n9eo1n8 269 22 " " `` cord-327278-2n9eo1n8 269 23 SOSTENIBILIDAD SOSTENIBILIDAD NNP cord-327278-2n9eo1n8 269 24 ENERG ENERG NNP cord-327278-2n9eo1n8 269 25 � � . cord-327278-2n9eo1n8 269 26 ETICA ETICA NNP cord-327278-2n9eo1n8 269 27 Y Y NNP cord-327278-2n9eo1n8 269 28 ADAPTACI ADAPTACI NNP cord-327278-2n9eo1n8 269 29 � � . cord-327278-2n9eo1n8 270 1 ON on IN cord-327278-2n9eo1n8 270 2 AL AL NNP cord-327278-2n9eo1n8 270 3 CAMBIO CAMBIO NNP cord-327278-2n9eo1n8 270 4 CLIM CLIM NNP cord-327278-2n9eo1n8 271 1 � � . cord-327278-2n9eo1n8 272 1 ATICO ATICO NNP cord-327278-2n9eo1n8 272 2 " " '' cord-327278-2n9eo1n8 273 1 ( ( -LRB- cord-327278-2n9eo1n8 273 2 UFV2020 ufv2020 NN cord-327278-2n9eo1n8 273 3 - - HYPH cord-327278-2n9eo1n8 273 4 15 15 CD cord-327278-2n9eo1n8 273 5 ) ) -RRB- cord-327278-2n9eo1n8 273 6 . . . cord-327278-2n9eo1n8 274 1 Comments comment NNS cord-327278-2n9eo1n8 274 2 from from IN cord-327278-2n9eo1n8 274 3 the the DT cord-327278-2n9eo1n8 274 4 Editor Editor NNP cord-327278-2n9eo1n8 274 5 and and CC cord-327278-2n9eo1n8 274 6 three three CD cord-327278-2n9eo1n8 274 7 anonymous anonymous JJ cord-327278-2n9eo1n8 274 8 reviewers reviewer NNS cord-327278-2n9eo1n8 274 9 are be VBP cord-327278-2n9eo1n8 274 10 also also RB cord-327278-2n9eo1n8 274 11 gratefully gratefully RB cord-327278-2n9eo1n8 274 12 acknowledged acknowledge VBN cord-327278-2n9eo1n8 274 13 . . . cord-327278-2n9eo1n8 275 1 Comments comment NNS cord-327278-2n9eo1n8 275 2 from from IN cord-327278-2n9eo1n8 275 3 the the DT cord-327278-2n9eo1n8 275 4 Editor Editor NNP cord-327278-2n9eo1n8 275 5 and and CC cord-327278-2n9eo1n8 275 6 three three CD cord-327278-2n9eo1n8 275 7 anonymous anonymous JJ cord-327278-2n9eo1n8 275 8 reviewers reviewer NNS cord-327278-2n9eo1n8 275 9 are be VBP cord-327278-2n9eo1n8 275 10 gratefully gratefully RB cord-327278-2n9eo1n8 275 11 acknowledged acknowledge VBN cord-327278-2n9eo1n8 275 12 . . . cord-327278-2n9eo1n8 276 1 Supplementary supplementary JJ cord-327278-2n9eo1n8 276 2 data datum NNS cord-327278-2n9eo1n8 276 3 to to IN cord-327278-2n9eo1n8 276 4 this this DT cord-327278-2n9eo1n8 276 5 article article NN cord-327278-2n9eo1n8 276 6 can can MD cord-327278-2n9eo1n8 276 7 be be VB cord-327278-2n9eo1n8 276 8 found find VBN cord-327278-2n9eo1n8 276 9 online online RB cord-327278-2n9eo1n8 276 10 at at IN cord-327278-2n9eo1n8 276 11 https://doi https://doi NNP cord-327278-2n9eo1n8 276 12 . . . cord-327278-2n9eo1n8 277 1 org/10.1016 org/10.1016 RB cord-327278-2n9eo1n8 277 2 / / SYM cord-327278-2n9eo1n8 277 3 j.esr.2020.100522 j.esr.2020.100522 NN cord-327278-2n9eo1n8 277 4 . . .