Sukcharoen, Kunlapath; Zohrabyan, Tatevik; Leatham, David; … - In: Energy Economics 44 (2014) C, pp. 331-339
In this paper we study the relationship between the oil price and stock market index of various countries between 1982 and 2007. We exclude oil and gas stock companies from the stock indices to remove the obvious direct linkage. Oil price series are converted into local currency to account for...