Location of Repository

Does oil price matter for Indian stock markets?

By Krishnareddy Chittedi

Abstract

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.

Topics: E44 - Financial Markets and the Macroeconomy, G10 - General
Year: 2011
OAI identifier: oai:mpra.ub.uni-muenchen.de:35334

Suggested articles

Preview


To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.