Golpe, Antonio A.; Carmona, Monica; Congregado, Emilio - In: Energy Policy 46 (2012) C, pp. 594-600
report estimates of an unobserved components model, in which hysteresis exists if cyclical and natural gas consumptions do … the regime. In a linear framework our results seem to indicate that hysteresis does not exist. However, when non …-linearity is taken into account, we provide evidence in favor of hysteresis in natural gas consumption when the variations in …