Energy, the stock market and the putty-clay investment model

By Chao Wei. 2001

239 citations recorded by the source corpus.

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Oil price and stock returns of consumers and producers of crude oil (2015, result): “…that crude oil price changes have a negative effect on stock returns; some studies (see for instance, Chen et al., 1986; Huang et al., 1996; and Wei, 2003) document no statistically significant effect of the crude oil price changes on stock returns; while a recent study by Narayan and Sharma…”
Code and data files for "Oil Price Shocks and the Optimality of Monetary Policy" (2010, methodology): “Wei (2003) uses a putty-clay model with energy in the production function and variable capital utilization to study the relationship between oil price shocks and stock market prices.”
Oil shock transmission to stock market returns: Wavelet-multivariate Markov switching GARCH approach (2012, background): “[5], Wei [11], Apergis and Miller [12], Miller and Ratti [13] and Al-Janabi et al.”
Energy Prices and the Adoption of Energy-Saving Technology (2008, unknown): “In contrast, Wei (2003) argues that the effect of the price of energy on the value of capital should be roughly proportional to the cost share of energy and that the oil shock did not have a large effect on stock prices.”