THE INTERACTION BETWEEN STOCK PRICES AND COMMODITYPRICES: EASTERN EUROPEAND CENTRAL ASIA CASE
The sharp increase in commodity prices since 2000s has important effects onmany economic variables. Especially the upward trend in commodity prices hadsubstantial effects on stock prices. The literature has continuing and growinginterest to the dynamicsof commodity...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Social Sciences Research Society
2016-07-01
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| Series: | International Journal of Economics and Finance Studies |
| Online Access: | http://www.sobiad.org/eJOURNALS/journal_IJEF/archieves/IJEF-2016_2/mustafa.pdf |
| Summary: | The sharp increase in commodity prices since 2000s has important effects onmany economic variables. Especially the upward trend in commodity prices hadsubstantial effects on stock prices. The literature has continuing and growinginterest to the dynamicsof commodity price and their significant impact oneconomic and financial developments. There is growing evidence that commodityprices, stock prices moved together, and that the correlations between them haveincreased. Many studies investigated the interaction between stock prices and real and commodity prices and find strong interaction for developed countries.However, the effect of the commodity prices on stock markets in relatively lessinvestigated for ECA countries. The purpose of this study is to investigate thelong-run relationship between commodity prices and stock prices in ECAcountries can by using a panel cointegration test. |
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| ISSN: | 1309-8055 1309-8055 |