This study examines the nexus between oil prices, economic policy uncertainty and stock markets in a panel of selected major importing countries June 2014 October 2020. We analyzed China, India, Germany, Italy Japan because these are among largest importer index developed by Economics Policy Uncertainty Platform. split period into three sub-periods as 2014- February 2016, March 2016-December 20...

This study focuses on the relation between fluctuation of international oil prices and China’s energy stock market during COVID-19 pandemic, using a dynamic conditional correlation generalized autoregressive heteroskedasticity model. We confirm spillover effect volatility price returns determine that leadership has been heavily influenced pandemic.

We estimate the impact of macroeconomic risk factors on shipping stock returns, using a quantile regression (QR) model. regress excess return portfolio for container, dry bulk, chemical/gas, oil tanker, and diversified sectors world market return, volatility index, changes in price, exchange rate, interest rate. The sensitivities returns to differ across quantiles segments are found be signific...

There is a false notion of existing available, abundant, and long lasting fuel energy in the Gulf Cooperation Council (GCC) Countries; with continual income return from its exports. This is not true as the sustainability of this income is questionable. Energy problems started to appear, and can be intensified in coming years due to continuous growth of energy demands and consumptions. The deman...

a r t i c l e i n f o JEL classifications: C51 N70 Keywords: Crude oil price volatility GARCH Covariates Modified dummy variables OPEC announcements WTI crude oil Several times a year, OPEC hosts conferences among its members to agree on further oil production policies. Prior to OPEC conferences, there is usually rampant speculation about which decision concerning world oil production levels (n...

It is commonly known that the factors that are affecting stock prices are macroeconomic variables, returns on alternative investment means, political and social stability, developments in other countries, risk preferences of domestic and foreign investors, information regarding companies and manipulations. Due to the effect of financial globalization and as local capital has transformed into an...

This paper investigates the evolution of prices and returns in the art market since the middle of the previous century. We first compile a comprehensive list of more than 10,000 artists and then build a dataset that contains information on more than 1.1 million auction sales of paintings, prints, and works on paper. We perform an extensive hedonic regression analysis that includes unique price-...