文章基本信息

标题：The Influence of Oil Price Fluctuations on Stock Market of Developing Economies: A Focus on Nigeria
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作者：Chuke Nwude ; Damilola Felix Eluyela ; Elias Igwebuike Agbo 等
期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2021
卷号：11
期号：3
页码：100-109
DOI：10.32479/ijeep.10140
出版社：EconJournals
其他摘要：The inconclusiveness of findings from various studies on Nigeria on the effect of crude oil price fluctuation on the stock market has led to an argument in literature, thus necessitating further exploration of the subject. This study examines the effect of variations in the price of crude oil on selected stock market performance variables in Nigeria using monthly frequency data covering January 1997 to December 2016. Variance decomposition, impulse response analysis, and VAR estimations were employed for the study. The results reveal that oil price variations are slowly transmitted in some stock market performance variables. The findings indicate that the effect of crude oil price fluctuations in the Nigerian stock market is greatly minimized and does not sufficiently account for market activities.
其他关键词：Emerging Economy; Nigeria; Oil Price Shocks; Stock Market; VAR.