Advanced search
Publication Cover
Applied Economics Letters Volume 26, 2019 - Issue 18
Submit an article Journal homepage
440
Views
5
CrossRef citations to date
0
Altmetric
Articles

Oil shocks, US economic uncertainty, and emerging stock markets

Dohyoung KwonAsset Management Division, Samsung Life Insurance, Seoul, South KoreaCorrespondence[email protected]
Pages 1472-1479 | Published online: 27 Feb 2019

References

  • Aloui, C., D. K. Nguyen, and H. Njeh. 2012. “Assessing the Impacts of Oil Price Fluctuations on Stock Returns in Emerging Markets.” Economic Modelling 29 (6): 2686–2695. doi:10.1016/j.econmod.2012.08.010.
  • Baker, S., N. Bloom, and S. Davis. 2016. “Measuring Economic Policy Uncertainty.” Quarterly Journal of Economics 131 (4): 1593–1636. doi:10.1093/qje/qjw024.
  • Basher, S. A., A. A. Haug, and P. Sadorsky. 2012. “Oil Prices, Exchange Rates and Emerging Stock Markets.” Energy Economics 34 (1): 227–240. doi:10.1016/j.eneco.2011.10.005.
  • Basher, S. A., and P. Sadorsky. 2006. “Oil Price Risk and Emerging Stock Markets.” Global Finance Journal 18 (2): 224–251. doi:10.1016/j.gfj.2006.04.001.
  • Bekaert, G., and C. R. Harvey. 2017. “Emerging Equity Markets in a Globalizing World.” Working Paper.
  • Bhar, R., and B. Nikolova. 2009. “Oil Prices and Equity Returns in the BRIC Countries.” The World Economy 32 (7): 1036–1054. doi:10.1111/twec.2009.32.issue-7.
  • Carriére-Swallowa, Y., and L. F. Céspedesb. 2013. “The Impact of Uncertainty Shocks in Emerging Economies.” Journal of International Economics 90 (2): 316–325. doi:10.1016/j.jinteco.2013.03.003.
  • Fang, C.-R., and S.-Y. You. 2014. “The Impact of Oil Price Shocks on the Large Emerging Countries’ Stock Prices: Evidence from China, India and Russia.” International Review of Economics and Finance 29 (January): 330–338. doi:10.1016/j.iref.2013.06.005.
  • Gonalves, S., and L. Kilian. 2004. “Bootstrapping Autoregressions with Conditional Heteroskedasticity of Unknown Form.” Journal of Econometrics 123 (1): 89–120. doi:10.1016/j.jeconom.2003.10.030.
  • Hamilton, J. D. 2009. “Understanding Crude Oil Prices.” Energy Journal 30 (2): 179–206. doi:10.5547/ISSN0195-6574-EJ-Vol30-No2-9.
  • Jurado, K., S. C. Ludvigson, and N. Serena. 2015. “Measuring Uncertainty.” American Economic Review 105 (3): 1177–1216. doi:10.1257/aer.20131193.
  • Kang, W., and R. A. Ratti. 2013. “Oil Shocks, Policy Uncertainty, and Stock Market Return.” Journal of International Financial Markets, Institutions & Money 26 (October): 305–331. doi:10.1016/j.intfin.2013.07.001.
  • Kang, W., and R. A. Ratti. 2015. “Oil Shocks, Policy Uncertainty, and Stock Returns in China.” Economics of Transition 23 (4): 657–676. doi:10.1111/ecot.12062.
  • Kilian, L. 2009. “Not All Oil Price Shocks are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market.” American Economic Review 99 (3): 1053–1069. doi:10.1257/aer.99.3.1053.
  • Kilian, L., and C. Park. 2009. “The Impact of Oil Price Shocks on the U.S. Stock Market.” International Economic Review 50 (4): 1267–1287. doi:10.1111/iere.2009.50.issue-4.
  • Kilian, L., and C. Vega. 2011. “Do Energy Prices Respond to U.S. Macroeconomic News? A Test of the Hypothesis of Predetermined Energy Prices.” Review of Economics and Statistics 93 (2): 660–671. doi:10.1162/REST_a_00086.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.