Diaspora of Energy: A Case of Oil Production and Consumption

Muzammil Khurshid, Muhammad Azeem, Nisar Ahmad, Jamshaid Rehman and Sajjad Umar
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Muzammil Khurshid: Department of Banking and Finance, University of the Punjab, Gujranwala Campus, Pakistan
Muhammad Azeem: Department of Management Sciences, University of Central Punjab, Gujranwala Campus, Pakistan
Nisar Ahmad: Hailey College of Commerce, University of the Punjab, Lahore, Pakistan
Sajjad Umar: University of the Punjab, Gujranwala Campus, Pakistan

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 4, 195-206

Abstract: The study evaluates the nexus among oil prices, macro-economic indicators and stock returns of three Asian emerging oil-importing and three Asian emerging oil-exporting economies over a period from 2014 to 2019 on monthly observations. The study has made use of measure of association by applying VAR methodology. The results of the study indicate that oil prices movements have substantial impact on stock market trends whereas, the said impact varies depending upon the inherited macroeconomic condition of county. As regarding the oil-exporting countries the movement of oil prices is also equally important for the stock market behavior.

Keywords: Oil Prices; OPEC Countries; Capital Market (search for similar items in EconPapers)
JEL-codes: G30 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2024-04-18

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