메뉴 건너뛰기




Volumn 2013, Issue , 2013, Pages

Relationships among energy price shocks, stock market, and the macroeconomy: Evidence from China

Author keywords

[No Author keywords available]

Indexed keywords

ARTICLE; CHINA; COST; ECONOMIC ASPECT; MARKET; MATHEMATICAL ANALYSIS; COMPUTER SIMULATION; ECONOMICS; ENERGY RESOURCE; INVESTMENT; ORGANIZATION AND MANAGEMENT; STATISTICAL MODEL; STATISTICS;

EID: 84877251745     PISSN: None     EISSN: 1537744X     Source Type: Journal    
DOI: 10.1155/2013/171868     Document Type: Article
Times cited : (33)

References (36)
  • 1
    • 84855820623 scopus 로고    scopus 로고
    • The effect of 107th OPEC ordinary meeting on oil prices and economic performances in Japan
    • Hanabusa K., The effect of 107th OPEC ordinary meeting on oil prices and economic performances in Japan. Renewable and Sustainable Energy Reviews 2012 16 1666 1672
    • (2012) Renewable and Sustainable Energy Reviews , vol.16 , pp. 1666-1672
    • Hanabusa, K.1
  • 2
    • 0020414299 scopus 로고
    • The price of oil and world inflation and recession
    • 2-s2.0-0020414299
    • Darby M. R., The price of oil and world inflation and recession. American Economic Review 1982 72 4 738 751 2-s2.0-0020414299
    • (1982) American Economic Review , vol.72 , Issue.4 , pp. 738-751
    • Darby, M.R.1
  • 3
    • 85017128111 scopus 로고
    • Oil and the macroeconomy since World War II
    • Hamilton J. D., Oil and the macroeconomy since World War II. Journal of Political Economy 1983 91 228 248
    • (1983) Journal of Political Economy , vol.91 , pp. 228-248
    • Hamilton, J.D.1
  • 4
    • 0030431794 scopus 로고    scopus 로고
    • US oil consumption, oil prices, and the macroeconomy
    • 2-s2.0-0030431794
    • Darrat A. F., Gilley O. W., Meyer D. J., US oil consumption, oil prices, and the macroeconomy. Empirical Economics 1996 21 3 317 334 2-s2.0-0030431794
    • (1996) Empirical Economics , vol.21 , Issue.3 , pp. 317-334
    • Darrat, A.F.1    Gilley, O.W.2    Meyer, D.J.3
  • 5
    • 0000712639 scopus 로고
    • Oil and the macroeconomy when prices go up and down: An extension of Hamilton's results
    • Anton M. K., Oil and the macroeconomy when prices go up and down: an extension of Hamilton's results. Journal of Political Economy 1989 97 740 744
    • (1989) Journal of Political Economy , vol.97 , pp. 740-744
    • Anton, M.K.1
  • 6
    • 0036241169 scopus 로고    scopus 로고
    • Energy prices and aggregate economic activity: An interpretative survey
    • 2-s2.0-0036241169 10.1016/S1062-9769(02)00138-2
    • Brown S. P. A., Yücel M. K., Energy prices and aggregate economic activity: an interpretative survey. Quarterly Review of Economics and Finance 2002 42 2 193 208 2-s2.0-0036241169 10.1016/S1062-9769(02)00138-2
    • (2002) Quarterly Review of Economics and Finance , vol.42 , Issue.2 , pp. 193-208
    • Brown, S.P.A.1    Yücel, M.K.2
  • 7
    • 0036524578 scopus 로고    scopus 로고
    • Can oil shocks explain asymmetries in the US business cycle?
    • DOI 10.1007/s001810100114
    • Clements M. P., Krolzig H. M., Can oil shocks explain asymmetries in the US business cycle? Empirical Economics 2002 27 2 185 204 2-s2.0-0036524578 10.1007/s001810100114 (Pubitemid 36405847)
    • (2002) Empirical Economics , vol.27 , Issue.2 , pp. 185-204
    • Clements, M.P.1    Krolzig, H.-M.2
  • 8
    • 33750001494 scopus 로고    scopus 로고
    • The impact of oil prices on GDP in European countries: An empirical investigation based on asymmetric cointegration
    • DOI 10.1016/j.enpol.2005.09.019, PII S0301421505002612
    • Lardic S., Mignon V., The impact of oil prices on GDP in European countries: an empirical investigation based on asymmetric cointegration. Energy Policy 2006 34 18 3910 3915 2-s2.0-33750001494 10.1016/j.enpol.2005.09.019 (Pubitemid 44567254)
    • (2006) Energy Policy , vol.34 , Issue.18 , pp. 3910-3915
    • Lardic, S.1    Mignon, V.2
  • 9
    • 79951509850 scopus 로고    scopus 로고
    • The impact of oil price shocks on stock market returns: Comparing GCC countries with the UK and USA
    • 2-s2.0-79951509850 10.1016/j.ememar.2010.12.001
    • Fayyad A., Daly K., The impact of oil price shocks on stock market returns: comparing GCC countries with the UK and USA. Emerging Markets Review 2011 12 1 61 78 2-s2.0-79951509850 10.1016/j.ememar.2010.12.001
    • (2011) Emerging Markets Review , vol.12 , Issue.1 , pp. 61-78
    • Fayyad, A.1    Daly, K.2
  • 10
    • 78650255510 scopus 로고    scopus 로고
    • The impact of oil price changes on Spanish and euro area consumer price inflation
    • 2-s2.0-78650255510 10.1016/j.econmod.2010.08.006
    • Álvarez L. J., Hurtado S., Sánchez I., Thomas C., The impact of oil price changes on Spanish and euro area consumer price inflation. Economic Modelling 2011 28 1-2 422 431 2-s2.0-78650255510 10.1016/j.econmod. 2010.08.006
    • (2011) Economic Modelling , vol.28 , Issue.1-2 , pp. 422-431
    • Álvarez, L.J.1    Hurtado, S.2    Sánchez, I.3    Thomas, C.4
  • 11
    • 70350024700 scopus 로고    scopus 로고
    • The lack of an empirical rationale for a revival of discretionary fiscal policy
    • 2-s2.0-70350024700 10.1257/aer.99.2.550
    • Taylor J. B., The lack of an empirical rationale for a revival of discretionary fiscal policy. American Economic Review 2009 99 2 550 555 2-s2.0-70350024700 10.1257/aer.99.2.550
    • (2009) American Economic Review , vol.99 , Issue.2 , pp. 550-555
    • Taylor, J.B.1
  • 12
    • 70349777428 scopus 로고    scopus 로고
    • Oil price uncertainty in Canada
    • 2-s2.0-70349777428 10.1016/j.eneco.2009.05.014
    • Elder J., Serletis A., Oil price uncertainty in Canada. Energy Economics 2009 31 6 852 856 2-s2.0-70349777428 10.1016/j.eneco.2009.05.014
    • (2009) Energy Economics , vol.31 , Issue.6 , pp. 852-856
    • Elder, J.1    Serletis, A.2
  • 13
    • 0012284772 scopus 로고
    • Oil price shocks, unemployment, investment and the current account: An intertemporal disequilibrium analysis
    • van Wijnbergen S., Oil price shocks, unemployment, investment and the current account: an intertemporal disequilibrium analysis. The Review of Economic Studies 1985 52 627 645
    • (1985) The Review of Economic Studies , vol.52 , pp. 627-645
    • Van Wijnbergen, S.1
  • 14
    • 0031194542 scopus 로고    scopus 로고
    • Economic impact of the energy price increase in Mexico
    • Uri N. D., Boyd R., Economic impact of the energy price increase in Mexico. Environmental and Resource Economics 1997 10 1 101 107 2-s2.0-0031194542 (Pubitemid 27347656)
    • (1997) Environmental and Resource Economics , vol.10 , Issue.1 , pp. 101-107
    • Uri, N.D.1    Boyd, R.2
  • 16
    • 0028732234 scopus 로고
    • Macroeconomic responses to oil price increases and decreases in seven OECD countries
    • 2-s2.0-0028732234
    • Mork K. A., Olsen O., Mysen H. T., Macroeconomic responses to oil price increases and decreases in seven OECD countries. Energy Journal 1994 15 4 19 35 2-s2.0-0028732234
    • (1994) Energy Journal , vol.15 , Issue.4 , pp. 19-35
    • Mork, K.A.1    Olsen, O.2    Mysen, H.T.3
  • 18
    • 79955502003 scopus 로고    scopus 로고
    • Economic analysis of unconventional liquid fuel sources
    • 2-s2.0-79955502003 10.1016/j.rser.2011.03.028
    • Erturk M., Economic analysis of unconventional liquid fuel sources. Renewable and Sustainable Energy Reviews 2011 15 6 2766 2771 2-s2.0-79955502003 10.1016/j.rser.2011.03.028
    • (2011) Renewable and Sustainable Energy Reviews , vol.15 , Issue.6 , pp. 2766-2771
    • Erturk, M.1
  • 19
    • 0029666954 scopus 로고    scopus 로고
    • Crude oil price volatility and unemployment in the United States
    • 2-s2.0-0029666954
    • Uri N. D., Crude oil price volatility and unemployment in the United States. Energy 1996 21 1 29 38 2-s2.0-0029666954
    • (1996) Energy , vol.21 , Issue.1 , pp. 29-38
    • Uri, N.D.1
  • 20
    • 35348973441 scopus 로고    scopus 로고
    • The impact of rising international crude oil price on China's economy: An empirical analysis with CGE model
    • 2-s2.0-35348973441
    • Fan Y., Jiao J. L., Liang Q. M., Han Z. Y., Wei Y. M., The impact of rising international crude oil price on China's economy: an empirical analysis with CGE model. International Journal of Global Energy Issues 2007 27 4 402 424 2-s2.0-35348973441
    • (2007) International Journal of Global Energy Issues , vol.27 , Issue.4 , pp. 402-424
    • Fan, Y.1    Jiao, J.L.2    Liang, Q.M.3    Han, Z.Y.4    Wei, Y.M.5
  • 21
    • 0039607955 scopus 로고    scopus 로고
    • Oil and the stock markets
    • Jones C. M., Kaul G., Oil and the stock markets. Journal of Finance 1996 51 2 463 491 2-s2.0-0039607955 (Pubitemid 126313377)
    • (1996) Journal of Finance , vol.51 , Issue.2 , pp. 463-491
    • Jones, C.M.1    Kaul, G.2
  • 22
    • 0032702341 scopus 로고    scopus 로고
    • Oil price shocks and stock market activity
    • DOI 10.1016/S0140-9883(99)00020-1, PII S0140988399000201
    • Sadorsky P., Oil price shocks and stock market activity. Energy Economics 1999 21 5 449 469 2-s2.0-0032702341 10.1016/S0140-9883(99)00020-1 (Pubitemid 29527488)
    • (1999) Energy Economics , vol.21 , Issue.5 , pp. 449-469
    • Sadorsky, P.1
  • 23
    • 0035450104 scopus 로고    scopus 로고
    • Oil price shocks, stock market, economic activity and employment in Greece
    • DOI 10.1016/S0140-9883(01)00078-0, PII S0140988301000780
    • Papapetrou E., Oil price shocks, stock market, economic activity and employment in Greece. Energy Economics 2001 23 5 511 532 2-s2.0-0035450104 10.1016/S0140-9883(01)00078-0 (Pubitemid 32793163)
    • (2001) Energy Economics , vol.23 , Issue.5 , pp. 511-532
    • Papapetrou, E.1
  • 24
    • 34548708471 scopus 로고    scopus 로고
    • Dynamic cyclical comovements of oil prices with industrial production, consumer prices, unemployment, and stock prices
    • DOI 10.1016/j.enpol.2007.05.018, PII S0301421507002406
    • Ewing B. T., Thompson M. A., Dynamic cyclical comovements of oil prices with industrial production, consumer prices, unemployment, and stock prices. Energy Policy 2007 35 11 5535 5540 2-s2.0-34548708471 10.1016/j.enpol.2007.05. 018 (Pubitemid 47424029)
    • (2007) Energy Policy , vol.35 , Issue.11 , pp. 5535-5540
    • Ewing, B.T.1    Thompson, M.A.2
  • 25
    • 48949085609 scopus 로고    scopus 로고
    • Relationships between oil price shocks and stock market: An empirical analysis from China
    • 2-s2.0-48949085609 10.1016/j.enpol.2008.06.006
    • Cong R. G., Wei Y. M., Jiao J. L., Fan Y., Relationships between oil price shocks and stock market: an empirical analysis from China. Energy Policy 2008 36 9 3544 3553 2-s2.0-48949085609 10.1016/j.enpol.2008.06.006
    • (2008) Energy Policy , vol.36 , Issue.9 , pp. 3544-3553
    • Cong, R.G.1    Wei, Y.M.2    Jiao, J.L.3    Fan, Y.4
  • 26
  • 28
    • 4344688708 scopus 로고    scopus 로고
    • Relationships among U.S. oil prices and oil industry equity indices
    • DOI 10.1016/S1059-0560(03)00011-X, PII S105905600300011X
    • Hammoudeh S., Dibooglu S., Aleisa E., Relationships among U.S. oil prices and oil industry equity indices. International Review of Economics and Finance 2004 13 4 427 453 2-s2.0-4344688708 10.1016/S1059-0560(03)00011-X (Pubitemid 39159577)
    • (2004) International Review of Economics and Finance , vol.13 , Issue.4 , pp. 427-453
    • Hammoudeh, S.1    Dibooglu, S.2    Aleisa, E.3
  • 29
    • 0035076490 scopus 로고    scopus 로고
    • Risk factors in stock returns of Canadian oil and gas companies
    • DOI 10.1016/S0140-9883(00)00072-4, PII S0140988300000724
    • Sadorsky P., Risk factors in stock returns of Canadian oil and gas companies. Energy Economics 2001 23 1 17 28 2-s2.0-0035076490 10.1016/S0140-9883(00)00072-4 (Pubitemid 32232563)
    • (2001) Energy Economics , vol.23 , Issue.1 , pp. 17-28
    • Sadorsky, P.1
  • 30
    • 16244394567 scopus 로고    scopus 로고
    • Long-run models of oil stock prices
    • DOI 10.1016/j.envsoft.2004.09.022
    • Lanza A., Manera M., Grasso M., Giovannini M., Long-run models of oil stock prices. Environmental Modelling and Software 2005 20 11 1423 1430 2-s2.0-16244394567 10.1016/j.envsoft.2004.09.022 (Pubitemid 40451777)
    • (2005) Environmental Modelling and Software , vol.20 , Issue.11 , pp. 1423-1430
    • Lanza, A.1    Manera, M.2    Grasso, M.3    Giovannini, M.4
  • 31
    • 0000997472 scopus 로고
    • Macroeconomics and reality
    • Sims C. A., Macroeconomics and reality. Econometrica 1980 48 1 48
    • (1980) Econometrica , vol.48 , pp. 1-48
    • Sims, C.A.1
  • 32
    • 0032219575 scopus 로고    scopus 로고
    • Generalized impulse response analysis in linear multivariate models
    • 2-s2.0-0032219575
    • Pesaran H. H., Shin Y., Generalized impulse response analysis in linear multivariate models. Economics Letters 1998 58 1 17 29 2-s2.0-0032219575
    • (1998) Economics Letters , vol.58 , Issue.1 , pp. 17-29
    • Pesaran, H.H.1    Shin, Y.2
  • 34
    • 0001949247 scopus 로고    scopus 로고
    • A model of investor sentiment
    • PII S0304405X98000270
    • Barberis N., Shleifer A., Vishny R., A model of investor sentiment. Journal of Financial Economics 1998 49 3 307 343 2-s2.0-0001949247 (Pubitemid 128440542)
    • (1998) Journal of Financial Economics , vol.49 , Issue.3 , pp. 307-343
    • Barberis, N.1    Shleifer, A.2    Vishny, R.3
  • 35
    • 0012166025 scopus 로고    scopus 로고
    • A unified theory of underreaction, momentum trading, and overreaction in asset markets
    • 2-s2.0-0012166025
    • Hong H., Stein J. C., A unified theory of underreaction, momentum trading, and overreaction in asset markets. Journal of Finance 1999 54 6 2143 2184 2-s2.0-0012166025
    • (1999) Journal of Finance , vol.54 , Issue.6 , pp. 2143-2184
    • Hong, H.1    Stein, J.C.2
  • 36
    • 84864490066 scopus 로고    scopus 로고
    • How to design a targeted agricultural subsidy system: Efficiency or equity?
    • Cong R.-G., Brady M., How to design a targeted agricultural subsidy system: efficiency or equity? PLoS ONE 2012 7 e41225
    • (2012) PLoS ONE , vol.7
    • Cong, R.-G.1    Brady, M.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.