IDEAS home Printed from https://ideas.repec.org/a/rom/merase/v3y2018i1p110-122.html
   My bibliography  Save this article

Oil Prices and Stock Markets: Further Evidence from Newly Industrialized Countries

Author

Listed:
  • Feyyaz ZEREN

    (Yalova University, Turkey)

  • Hilmi Tunahan AKKUª

    (Balikesir University, Turkey)

Abstract

In this paper, the relationship between stock prices and global oil prices in newly industrialized countries (Brazil, China, India, Malaysia, Mexico, Philippines, South Africa, Thailand, Turkey and Indonesia) has been investigated. Maki Cointegration (2012) and Enders-Jones (2015) Fourier Causality Tests were used in the study including oil prices and stock market data with different start dates. While the empirical findings differ from the country to the country in terms of the cointegration relation, there is a causality mainly from stock market to oil prices. Classification-JEL: G15, Q02. Keywords: Fourier causality, Maki cointegration, oil prices, share prices

Suggested Citation

  • Feyyaz ZEREN & Hilmi Tunahan AKKUª, 2018. "Oil Prices and Stock Markets: Further Evidence from Newly Industrialized Countries," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 3(1), pages 110-122, June.
  • Handle: RePEc:rom:merase:v:3:y:2018:i:1:p:110-122
    as

    Download full text from publisher

    File URL: https://mer.ase.ro/files/2018_1/3-9.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    fourier causality; maki cointegration; oil prices; share prices;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:merase:v:3:y:2018:i:1:p:110-122. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.