出版社：LLC “Consulting Publishing Company “Business Perspectives”
摘要：The present study aims to investigate the impact of oil price fluctuations and a set of other macroeconomic variables on stock price index using structural vector auto regression models,impulse response function,and variance decomposition during 2001-2013.The results of the study reveal that there is no consensus on the effect of oil price on stock price index in different countries.In other words,a group of studies reported a positive relationship between oil price and stock price index,while other studies have argued that there is no relationship between these variables.
