The Impact of Oil Price on the Stock Market - L’impatto del prezzo del petrolio sul mercato azionario

Moawia Alghalith (), Tracy Polius () and Martin Franklin ()
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Moawia Alghalith: Economics Department, University of West Indies, Postal: St. Augustine, Trinidad, http://sta.uwi.edu/fss/economics/
Tracy Polius: Economics Department, University of West Indies, Postal: St. Augustine, Trinidad, http://sta.uwi.edu/fss/economics/
Martin Franklin: Economics Department, University of West Indies, Postal: St. Augustine, Trinidad, http://sta.uwi.edu/fss/economics/

Economia Internazionale / International Economics, 2014, vol. 67, issue 4, 433-438

Abstract: Using a dynamic (stochastic-factor) portfolio model, we devise a method to estimate the impact of the oil price on the stock market. We apply our approach to the Jamaican financial market. Our result indicates a negative weak relationship between the oil price and the stock index. - Attraverso l’utilizzo di un modello dinamico stocastico, in questo studio viene elaborato un metodo per stimare l’impatto del prezzo del petrolio sul mercato azionario. Applicando il modello al mercato azionario giamaicano otteniamo una debole relazione negativa tra prezzo del petrolio e indice azionario.

Keywords: Oil Price; Stock Market; Investment; Portfolio; Stochastic Factor Model (search for similar items in EconPapers)
JEL-codes: C00 G00 (search for similar items in EconPapers)
Date: 2014
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