文章基本信息

标题：Oil Price Shocks and the US Stock Market: Slope Heterogeneity Analysis
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作者：Sarfaraz Ali Shah Syed ; Hélène Syed Zwick
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2016
卷号：06
期号：03
页码：480-487
DOI：10.4236/tel.2016.63055
语种：English
出版社：Scientific Research Publishing
摘要：This study investigates the oil and stock prices nexus in the US economy over the period 1980-2016. Using breakpoint regression technique, our findings are twofold: 1) we confirm the existence of the nexus as established in the existing literature on the subject; 2) while the relationship between the oil and stock prices remains intact, the slope changes over time, thus identifying a non-linear relationship.
关键词：Oil Prices;Structural Break;US Economy;Slope Heterogeneity