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Relationships among Energy Price Shocks, Stock Market, and the Macroeconomy: Evidence from China

This paper investigates the interactive relationships among China energy price shocks, stock market, and the macroeconomy using multivariate vector autoregression. The results indicate that there is a long cointegration among them. A 1% rise in the energy price index can depress the stock market ind...

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Detalhes bibliográficos
Main Authors: Cong, Rong-Gang, Shen, Shaochuan
Formato: Artigo
Idioma:Inglês
Publicado em: Hindawi Publishing Corporation 2013
Assuntos:
Acesso em linha:https://ncbi.nlm.nih.gov/pmc/articles/PMC3654288/
https://ncbi.nlm.nih.gov/pubmed/23690737
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1155/2013/171868
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