Testing Multiple Structural Breaks in the Oil Price-Stock Price Nexus in Asian Oil-Importing Countries During the Russia-Ukraine War

Isiaka Raifu, Terver Theophilus Kumeka and Onyinye Maria David-Wayas ()
Additional contact information
Onyinye Maria David-Wayas: Economics, University of Ibadan, Nigeria, 2 Economics, Dominican University, Ibadan, Nigeria

Asian Economics Letters, 2024, vol. 4, issue 4, 1-8

Abstract: This study tests for structural breaks in the oil price–stock price nexus during the Russia-Ukraine War, by focusing on Asian oil-importing countries. We find evidence of structural breaks in these economies. Also, the regression results from the different regimes show that the spillover effects intensify in some countries but decline in others. The results are mixed in some countries and for the panel estimation.

Keywords: Structural breaks; Crude oil price; WTI; Stock prices; Russia-Ukraine war; Asia (search for similar items in EconPapers)
JEL-codes: D53 G01 G15 N25 N4 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://a-e-l.scholasticahq.com/api/v1/articles/70 ... ssia-ukraine-war.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ayb:jrnael:110

Access Statistics for this article

Asian Economics Letters is currently edited by Chun-Ping Chang (Shih Chien University, Taiwan) and Professor Chien-Chiang Lee (Nanchang University, China)

More articles in Asian Economics Letters from Asia-Pacific Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Asia-Pacific Applied Economics Association ().