Lee, Bi-Juan; Yang, Chin Wei; Huang, Bwo-Nung - In: Energy Economics 34 (2012) 5, pp. 1284-1300
Applying sector stock prices and oil prices in 1991:01–2009:05 from the G7 countries we find oil price shocks do not significantly impact the composite index in each country. However, stock price changes in Germany, the UK and the US were found to lead oil price changes.
