Work

COVID-19 and the Oil Price – Stock Market Nexus: Evidence From Net Oil-Importing Countries

Year: 2020

Type: article

Abstract: This study focuses on the relation between stock price returns and oil price returns covering the COVID-19 period. This relation is examined for major net oil-importing Asian countries. Utilizing daily data, we fit a DCC-GARCH model. We find evidence of a positive co-movement between oil price returns and stock price returns during the COVID-19 period. This indicates that falling oil prices act as a negative signal for the stock market.

Source: Energy RESEARCH LETTERS

DOI: 10.46557/001c.13745

Authors: K.P. Prabheesh, Rakesh Padhan, Bhavesh Garg

Institutions: Indian Institute of Technology Hyderabad, Indian Institute of Technology Ropar

Language: English

Topic: Market Dynamics and Volatility

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W3046930072

FWCI: 44.1

Cites: 34

Cited by: 258

Related to: 10