Oil price shocks and stock markets in the U.S. and 13 European countries

By Jungseok Park, Ronald A. Ratti. 2008

1,361 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/932b266f3c1acf50e043b20a5b32838e0ffd774f

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Citations in the corpus

Oil prices, stock markets and portfolio investment: Evidence from sector analysis in Europe over the last decade (2010, background): “Park and Ratti (2008) show that oil price increases have a negative impact on stock returns in the US and twelve European countries, whereas stock markets in Norway, an oil-exporting country respond positively to rises of oil price.”
Oil shocks, policy uncertainty and stock market return (2013, background): “Work reporting that oil price increases lead to reduced stock returns for oil importing countries includes O’Neil et al. (2008) for US, UK and France, and Park and Ratti (2008) for US and 12 European oil importing countries.”
An evaluation framework for oil import security based on the supply chain with a case study focused on China (2013, positive): “The measurement of volatility is given by the sum of squared first log differences in daily US dollar index and oil price (Andersen et al., 2003; Park and Ratti, 2008).”
Oil Price Shocks and the Stock Market: Evidence from Japan (2013, background): “Park and Ratti (2008) ﬁnd a positive response of real stock returns to an oil price increase for Norway but a negative reaction in 12 other European countries.”
Oil volatility, oil and gas firms and portfolio diversification (2018, background): “Sadorsky (2012), on the other hand, analyzes the volatility spillovers between oil prices and the US stock prices of clean energy companies and technology companies only, using daily data from January 1, 2001 to December 31, 2010.”
The relationship between energy and equity markets: evidence from volatility impulse response functions (2014, methodology): “Park and Ratti’s (2008) evidence also suggests that the oil prices shocks are incorporated into stock prices within a month. Sadorsky (1999) reports that oil price shocks depress real stock returns; in contrast real stock returns shocks do not impact oil prices but do affect interest rates and indus”
Oil shock transmission to stock market returns: Wavelet-multivariate Markov switching GARCH approach (2012, background): “In particular, Park and Ratti [9] study the impact of oil price shocks on the stock markets of US and 13 European countries”
Does the price of oil interact with clean energy prices in the stock market (2013, background): “Furthermore, many studies indicate a negative relationship between rising oil prices and stock prices (e.g., Hamilton, 1983; Huang and Masulis, 1996; Jones and Gautam, 1996; Sadorsky, 1999, 2001; Henriques and Sadorsky, 2008, Park and Ratti, 2008; Kilian and Park, 2009).”
Assessing the impacts of oil price fluctuations on stock returns in emerging markets (2012, result): “The empirical findings of subsequent studies focusing on developed countries are globally consistent with those of Sadorsky (1999).2 For example, Park and Ratti (2008) examine the oil-stock market relationship for the US and 13 European countries over the period 1986– 2005 and document that oil…”
Measuring contagion between energy market and stock market during financial crisis: A copula approach (2012, background): “Many recent papers have documented small but significantly negative connections between crude oil and stock markets (Chiou and Lee, 2009; Filis, 2010; Miller and Ratti, 2009; Nandha and Faff, 2008; Oberndorfer, 2009; Park and Ratti, 2008).”
Effects of oil price shocks on the stock market performance: Do nature of shocks and economies matter? (2015, background): “A number of research findings (for example, Basher et al., 2012; Park and Ratti, 2008; Sadorsky, 1999) have supported this proposition.”