Chittedi, Krishnareddy (2011): Does oil price matter for Indian stock markets?
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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?|
|Keywords:||Oil Prices; Stock prices; ARDL cointegration|
|Subjects:||E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy
G - Financial Economics > G1 - General Financial Markets > G10 - General
|Depositing User:||Krishnareddy Chittedi|
|Date Deposited:||11. Dec 2011 17:03|
|Last Modified:||25. Sep 2015 17:55|
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