文章基本信息

标题：Long Run Relationship between Gold Prices, Oil Prices and Karachi Stock Market
其他标题：Long Run Relationship between Gold Prices, Oil Prices and Karachi Stock Market
本地全文：下载
作者：Baig, Muhammad Mansoor ; Shahbaz, Muhammad ; Imran, Muhammad 等
期刊名称：Acta Universitatis Danubius. Oeconomica
印刷版ISSN：2065-0175
电子版ISSN：2067-340X
出版年度：2013
卷号：9
期号：5
语种：English
出版社：Danubius University
摘要：This study examine the relationship between gold prices, oil prices and KSE100 return. This study uses the monthly data of gold prices, KSE100, and oil prices for the period of 2000 to 2010 (monthly). This study applied Descriptive statistics, Augmented Dickey Fuller test Phillip Perron test, Johansen and Jelseluis Co-integration test, Variance Decomposition test to find relationship. This study concludes that Gold prices growth, Oil prices growth and KSE100 return have no significant relationship in the long run. This study provides information to the investors who want to get the benefit of diversification by investing in Gold, Oil and stock market.
关键词：Gold; KSE100 return; Descriptive statistics; Co-integration test; Unit Root test; Granger Causality test.