Barkoulas, John T.; Chakraborty, Atreya; Ouandlous, Arav - In: Energy Economics 34 (2012) 2, pp. 584-591
We test whether the spot price of crude oil is determined by stochastic rules or exhibits deterministic endogenous fluctuations. In our analysis, we employ both metric (correlation dimension and Lyapunov exponents) and topological (recurrence plots) diagnostic tools for chaotic dynamics. We find...