| Summary: | 碩士 === 大葉大學 === 管理學院碩士在職專班 === 99 === This study will explore the international gold movements in international oil prices and the Asia-Pacific region (Japan, Singapore, United States, Taiwan, China, Korea, Australia) energy stock "fuel cell" to study the interaction.
Using a single root, causality, cointegration test and error correction model such as the construction, to the international gold, international oil prices energy stocks among the Asia-Pacific region have mutual influence of time from January 2003 to July 2010 During the week of data. Data was collected from (A) broadening of precious metals: gold price. (B) of the Bureau of Energy: oil prices. (C) of the mainland, Singapore, South Korea, Australia, the United States and other Yahoo Finance website: Historical prices of the shares. (D) of Polaris Securities Golden Spirit Global Sources: Taiwan stocks historical prices.
Concluded that (A) unit root test: Use the data to go through a differential. (B) causality test: the international gold on the continent most affected, while international oil prices on Japan and the United States most affected. (C) cointegration: international gold and the Asia-Pacific region lack of long-term equilibrium relationship between energy stocks, oil prices and the mainland has a long-term equilibrium relationship between the energy sector. (D) the energy sector most affected countries before the second phase of the international oil prices.
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