Advanced search
2 files | 1.42 MB Add to list

Crises, crude oil and BRIC stock markets

Author
Organization
Project
Abstract
This study complements the debate on the linkages between crude oil and BRIC stock markets. The usage of the most recent data with daily frequency within a period of two economic crises makes this study very timely and its results valuable both for researchers and investors. The main focus of this study is the impact of crude oil price on dissimilar BRIC economies. The main results indicate linear cointegration of Chinese and Brazilian stock markets with crude oil prices, whereas in case of India and Russia threshold cointegration is present. The study also shows that India’s BSE30 precedes crude oil futures, whereas China, Russia and Brazil have a bi-directional causality between the stock markets and crude oil prices.
Keywords
BRIC, crude oil, cointegration, stock markets

Downloads

  • BRIC Oil Reviewed 16-04-12.pdf
    • full text
    • |
    • open access
    • |
    • PDF
    • |
    • 621.09 KB
  • (...).pdf
    • full text
    • |
    • UGent only
    • |
    • PDF
    • |
    • 796.01 KB

Citation

Please use this url to cite or link to this publication:

MLA
Natanelov, Valeri, et al. “Crises, Crude Oil and BRIC Stock Markets.” INTERNATIONAL JOURNAL OF BUSINESS AND EMERGING MARKETS, vol. 5, no. 4, 2013, pp. 304–21.
APA
Natanelov, V., Dora, M. K., Gellynck, X., & Van Huylenbroeck, G. (2013). Crises, crude oil and BRIC stock markets. INTERNATIONAL JOURNAL OF BUSINESS AND EMERGING MARKETS, 5(4), 304–321.
Chicago author-date
Natanelov, Valeri, Manoj Kumar Dora, Xavier Gellynck, and Guido Van Huylenbroeck. 2013. “Crises, Crude Oil and BRIC Stock Markets.” INTERNATIONAL JOURNAL OF BUSINESS AND EMERGING MARKETS 5 (4): 304–21.
Chicago author-date (all authors)
Natanelov, Valeri, Manoj Kumar Dora, Xavier Gellynck, and Guido Van Huylenbroeck. 2013. “Crises, Crude Oil and BRIC Stock Markets.” INTERNATIONAL JOURNAL OF BUSINESS AND EMERGING MARKETS 5 (4): 304–321.
Vancouver
1.
Natanelov V, Dora MK, Gellynck X, Van Huylenbroeck G. Crises, crude oil and BRIC stock markets. INTERNATIONAL JOURNAL OF BUSINESS AND EMERGING MARKETS. 2013;5(4):304–21.
IEEE
[1]
V. Natanelov, M. K. Dora, X. Gellynck, and G. Van Huylenbroeck, “Crises, crude oil and BRIC stock markets,” INTERNATIONAL JOURNAL OF BUSINESS AND EMERGING MARKETS, vol. 5, no. 4, pp. 304–321, 2013.
@article{2913701,
  abstract     = {This study complements the debate on the linkages between crude oil and BRIC stock markets. The usage of the most recent data with daily frequency within a period of two economic crises makes this study very timely and its results valuable both for researchers and investors. The main focus of this study is the impact of crude oil price on dissimilar BRIC economies. The main results indicate linear cointegration of Chinese and Brazilian stock markets with crude oil prices, whereas in case of India and Russia threshold cointegration is  present. The study also shows that India’s BSE30 precedes crude oil futures, whereas China, Russia and Brazil have a bi-directional causality between the stock markets and crude oil prices.},
  author       = {Natanelov, Valeri and Dora, Manoj Kumar and Gellynck, Xavier and Van Huylenbroeck, Guido},
  issn         = {1753-6219},
  journal      = {INTERNATIONAL JOURNAL OF BUSINESS AND EMERGING MARKETS},
  keywords     = {BRIC,crude oil,cointegration,stock markets},
  language     = {eng},
  number       = {4},
  pages        = {304--321},
  title        = {Crises, crude oil and BRIC stock markets},
  url          = {http://dx.doi.org/10.1504/ijbem.2013.056712},
  volume       = {5},
  year         = {2013},
}

Altmetric
View in Altmetric