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Oil price movements and stock markets revisited: A case of sector stock price indexes in the G-7 countries

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  • Lee, Bi-Juan
  • Yang, Chin Wei
  • Huang, Bwo-Nung
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    Abstract

    Applying sector stock prices and oil prices in 1991:01–2009:05 from the G7 countries we find oil price shocks do not significantly impact the composite index in each country. However, stock price changes in Germany, the UK and the US were found to lead oil price changes.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Economics.

    Volume (Year): 34 (2012)
    Issue (Month): 5 ()
    Pages: 1284-1300

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    Handle: RePEc:eee:eneeco:v:34:y:2012:i:5:p:1284-1300

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    Web page: http://www.elsevier.com/locate/eneco

    Related research

    Keywords: Oil prices; Stock returns; Industry sectors; Sector stock return;

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    Cited by:
    1. Aloui, Chaker & Nguyen, Duc Khuong & Njeh, Hassen, 2012. "Assessing the impacts of oil price fluctuations on stock returns in emerging markets," Economic Modelling, Elsevier, vol. 29(6), pages 2686-2695.
    2. Dhaoui, Abderrazak & Khraief, Naceur, 2014. "Empirical linkage between oil price and stock market returns and volatility: Evidence from international developed markets," Economics Discussion Papers 2014-12, Kiel Institute for the World Economy.
    3. repec:wyi:wpaper:002210 is not listed on IDEAS

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