Relationship Between Oil Prices and Stock Prices in Brics-T Countries: Symmetric and Asymmetric Causality Analysis

Abubakirova, Aktolkin; Syzdykova, Aziza; Dosmakhanbet, Assan; Kudabayeva, Lyazzat; Abdulina, Gulnar

doi:10.32479/ijeep.10487

Cited by 3 publications

(2 citation statements)

References 30 publications

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“…Additionally, they provide critical information on the non-oil and gasoline sector's export growth. (Ursuleanu et al, 2021), (Abubakirova et al, 2021) employed the Hatemi-J, Dickey-Fuller (ADF), and Phillips-Perron (PP) unit root tests to determine unequal causality. The uneven causality check demonstrates the presence of unequal records by discriminating between pleasant and unpleasant shocks.…”

Section: Literature Reviewmentioning

confidence: 99%

Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic

Alexandri

Sari

Sumadinata

2022

IJEEP

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This study examines the effect of oil prices and currency exchange rates on the Indonesian Energy Stock Market, which was listed on the Indonesian Stock Exchange from 2020 to 2022. The purpose of this study is to select samples from the entire population. This study employed the ADF and Zivot-Andrews (1992) unit root test analyses. To begin, causality between the variables was established. The data suggested that alternate fees, closing price, and trade rat are causally related. The VAR method was used to investigate the short-term effects of the variables At the same time, oil prices have a beneficial effect on closing costs, trading prices experience closing post costs and Currency Exchange Rate prices During the Covid-19 Pandemic.

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Section: Literature Reviewmentioning

confidence: 99%

Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic

Alexandri

Sari

Sumadinata

2022

IJEEP

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“…Upon analysis, they reveal the impact of both variables towards the environment in some countries in the region. In the contrary, Abubakirova et al (2021) extended symmetric and asymmetric causality analysis to study the connection between oil prices and stock prices, but no causality has been found. In the region of African continent, Nathaniel et al (2021) has found an impact of energy consumption, natural resources, and urbanization on ecological footprint in South Africa, whereas human capital plays a role in improving the environment.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Causal Factors Relationship over the Changes in Future Scenario Management under the Sustainability Policy of Thailand

Sutthichaimethee

Jittawiriyanukoon

2022

IJEEP

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The objective of this research is to analyze the impact of causal factors relationship over the changes in future scenario management under the sustainability policy of Thailand by creating a model with validity called “Partial Least Square Path Modeling based on Autoregressive Integrated Moving Average with Observed Variables (PLS Path Modeling-ARIMAx). The results showed that the three latent variables (economic, social, and environmental) were found to be causal related. From the PLS Path Modeling-ARIMAx (1,1,1), it is characterized as the best linear unbiased estimator (BLUE) with highest performance, where mean absolute percentage error (MAPE) equals to 1.55%, and root mean square error (RMSE) equals to 1.97% upon comparing them to other models. If the government implements this model to define a new scenario policy by stipulating future total energy consumption (2020-2039) below the national carrying capacity, with minimal error correction mechanism and great impact on model relationship, the future CO2 emission (2020-2039) is expected to drop a growth rate continuously. When a new scenario policy is determined, CO2 emission was found to increase at a growth rate of only 8.95% (2020/2039) or by 78.99 Mt CO2 Eq. (from 2020-2039) going below carrying capacity set off at 90.05 Mt CO2 Eq. (from 2020-2039). The result is clearly different in the absence of the new scenario policy.

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On the relationship between oil market and European stock returns

Magazzino,

Shahbaz,

Adamo

2023

Environ Sci Pollut Res

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This paper investigates the dynamic relationship between the oil market and European stock market returns using monthly data from May 2007 to April 2022 for 27 European Union member countries. A novel approach is adopted by using the time-varying Granger causality test and the structural vector auto-regression model to examine the causal links. Empirical results reveal strong evidence of time-varying causation between the variables, considering the oil market from both the supply-side and demand-side perspectives. In light of these findings, numerous policy considerations emerge, including refining risk management strategies for investors, reformulating economic and energy policies, the potential impact on monetary policy decisions, the need for ad hoc market regulations, facilitating investor education initiatives, promoting international cooperation, and advancing the transition to sustainable energy sources.

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Relationship Between Oil Prices and Stock Prices in Brics-T Countries: Symmetric and Asymmetric Causality Analysis

Cited by 3 publications

References 30 publications

Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic

Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic

The Impact of Causal Factors Relationship over the Changes in Future Scenario Management under the Sustainability Policy of Thailand

On the relationship between oil market and European stock returns

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