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The Fukushima Daiichi nuclear disaster was an accident at the Fukushima I Nuclear Power Plant in Fukushima, Japan …-long nuclear shutdown in the country. During the shutdown, Japan substituted fossil fuels for nuclear power and became more … elasticity of oil consumption to crude oil price before and after the Fukushima disaster in Japan's various economic sectors. To …
Persistent link: https://www.econbiz.de/10011688682
The unparalleled surge of the crude oil price after 2003 has triggered a heated scientific and public debate about its ultimate causes. Unexpected demand growth particularly from emerging economies appears to be the most prominently supported reason among academics. We study the price dynamics...
Persistent link: https://www.econbiz.de/10011753232
oil price volatility on each sector in Japan, the world's third-largest crude oil consumer. In order to do so, we apply a …, which led to the shutdown of nuclear power plants in Japan, because of greater reliance on oil imports, the sensitivity of … most sectors to oil price volatility declined. …
Persistent link: https://www.econbiz.de/10011311035
oil price volatility on each sector in Japan, the world's third-largest crude oil consumer. In order to do so, we apply a …, which led to the shutdown of nuclear power plants in Japan, because of greater reliance on oil imports, the sensitivity of … most sectors to oil price volatility declined. …
Persistent link: https://www.econbiz.de/10011311036
We study the effects of crude oil price shocks on the stock market volatility of the G7 economies. We rely on a … oil demand innovations have on financial volatility. We show that stock market volatility does not respond to oil supply …
Persistent link: https://www.econbiz.de/10011451161
We study the impact of oil price shocks on U.S. stock market volatility. We derive three different structural oil shock … variables (i.e. aggregate demand, oil-supply, and oil-demand shocks) and relate them to stock market volatility, using bivariate … stock market volatility only with delay. This implies that innovations to the price of crude oil are not strictly exogenous …
Persistent link: https://www.econbiz.de/10010491256
When quantifying the importance of supply and demand for oil price fluctuations, a wide range of estimates have been reported. Models identified via a sharp upper bound on the short-run price elasticity of supply find supply shocks to be minor drivers. In turn, when replacing the upper bound...
Persistent link: https://www.econbiz.de/10014536946
Analysing causality among oil prices and, in general, among financial and economic variables is of central relevance in applied economics studies. The recent contribution of Lu et al. (2014) proposes a novel test for causality- the DCC-MGARCH Hong test. We show that the critical values of the...
Persistent link: https://www.econbiz.de/10012648568
Using a modified DCC-MIDAS specification, we endogenize the long-term correlation between crude oil and stock price returns with respect to the stance of the U.S. macroeconomy. We find that variables which contain information on current and future economic activity are helpful predictors for...
Persistent link: https://www.econbiz.de/10011422237
Using quarterly data from 2000-2007 and applying Error Correction Model and Johansen Co-integration Approaches I estimate the impact of real oil price on the real exchange rate of Azerbaijani manat. Estimation outputs derived from these approaches are very close to each other and indicate that...
Persistent link: https://www.econbiz.de/10010285766