Oil Price Shocks During the COVID-19 Pandemic: Evidence From United Kingdom Energy Stocks
Küçük Resim Yok
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Asia-Pacific Applied Economics Association
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
We investigate the dynamic relationship between global oil prices, the stock market, and oil and gas stock (FTSE-OG) returns in the UK through a structural vector autoregressive (VAR) framework during the COVID-19 pandemic. The structural VAR results suggest that the impact of structural shocks related to the global oil price on FTSE-OG index returns becomes less important and loses its explanatory power during the pandemic. However, stock market shocks increase their explanatory power in the variations of FTSE-OG index returns. © 2021, Asia-Pacific Applied Economics Association. All rights reserved.
Açıklama
Anahtar Kelimeler
covid-19 pandemic, forecast error variance decomposition, oil & gas sector, svar
Kaynak
Energy Research Letters
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
2
Sayı
1
