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Abstract

This paper investigates the long run relationship between oil prices and stock prices for India over the period April 2000- June 2011. We employ Auto Regressive Distributed Lag ARDL Model that takes into consideration the long run relationship. The results obtained suggest that volatility of stock prices in India have a significant impact on the volatility of oil prices. But a change in the oil prices does not have impact on stock prices.



Item Type: MPRA Paper -

Original Title: Does oil price matter for Indian stock markets?-

English Title: Does Oil Price Matter for Indian Stock Markets?-

Language: English-

Keywords: Oil Prices; Stock prices; ARDL cointegration-

Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the MacroeconomyG - Financial Economics > G1 - General Financial Markets > G10 - General-





Autor: Chittedi, Krishnareddy

Fuente: https://mpra.ub.uni-muenchen.de/35334/







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