 Energy commodities and advanced stock markets: A post-crisis approachNikolaos Stoupos () and Apostolos Kiohos Resources Policy, 2021, vol. 70, issue C Abstract: The debate between the stock markets and the energy markets is a research matter which has always concerned the academia across the globe. This study attempts to answer the question whether there are realized linkages and volatility responses between the energy markets (crude oil and natural gas) and the stock market indices in five advanced economies during the post-global financial crisis era of 2008. Firstly, we took the impact of 166th OPEC meeting into consideration which as a matter of fact, represents the commencement of four continuous cycles of OPEC oil output policy for the 21st century. The results highly support that in the long run, there are strong dynamics between the energy markets and the developed stock markets. Every stock index indicates high resilience against the long-term volatility responses of each energy commodity. Furthermore, the prices of oil and gas seem to greatly influence the Japanese stock market index. Keywords: Realized volatility-dynamics; Advanced stock markets; OPEC; Energy commodities; Market risk analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:70:y:2021:i:c:s0301420720309181 DOI: 10.1016/j.resourpol.2020.101887 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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