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

Bi-Juan Lee, Chin Wei Yang and Bwo-Nung Huang

Energy Economics, 2012, vol. 34, issue 5, 1284-1300

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.

Keywords: Oil prices; Stock returns; Industry sectors; Sector stock return (search for similar items in EconPapers)
JEL-codes: G12 Q42 Q43 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (106)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:34:y:2012:i:5:p:1284-1300

DOI: 10.1016/j.eneco.2012.06.004

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