Oil Price, Gold Price, Exchange Rate and Stock Market in Iraq Pre-During Covid19 Outbreak: An Ardl Approach

Asaad, Zeravan

doi:10.32479/ijeep.11552

Cited by 15 publications

(7 citation statements)

References 26 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…(Su et al, 2020) examined the Grangercausal relationship in rolling window framework highlighting the importance of capturing the parameter instability to in the gold and silver Granger-causality analysis. (Khan et al, 2021) investigated causal relationship between gold, oil, exchange rate and stock market and found out that the variables have a long-run relationship between them that contrary with the results (Ali et al, 2020;Asaad, 2021) that show inconsistency result between the variables. (Ajmi et al, 2021)investigated interconnectedness and relationship gold, oil and stock prices.…”

Section: Literature Reviewmentioning

confidence: 86%

Precious Metals and Oil Price Dynamics

Mohamed,

Mohamed

2023

IJEEP

View full text Add to dashboard Cite

The aim of this study is to examine dynamic relationship among the prices of four precious metals (gold, silver, platinum, and palladium), oil price, and the US dollar/euro exchange rate. Recent literature for precious metals (gold, silver, platinum, palladium) and oil depict a lot contradiction results of their nexus in the long and short runs. So that, there is still much to investigate and learn about their relationship between them and with the exchange rate. The monthly data span from January 1990 to October 2021 is utilized, the study applies the co-integration analysis, multivariate Granger causality test and Variance Decomposition (VDC) analysis. The result shows the evidence of a long-run equilibrium relationship but weak feedbacks in the short run. The precious metal markets respond significantly (but temporarily) to a shock in any of the prices of the other metal prices and the exchange rate. Furthermore, we discover some evidence of market overreactions in the palladium and platinum cases as well as in the oil market. The study implies whether there are overreactions and re-adjustments or not, investors may diversify at least a portion of the risk away by investing in precious metals, oil, and the euro.

show abstract

Section: Literature Reviewmentioning

confidence: 86%

Precious Metals and Oil Price Dynamics

Mohamed,

Mohamed

2023

IJEEP

View full text Add to dashboard Cite

show abstract

“…Volatility in the gold market did not have a significant impact on the oil market. In a study by Asaad (2021), he examined the interactions between oil price, gold price, exchange rate and stock price represented by the ISX60 index under the Iraqi stock market prior to the global COVID-19 pandemic. As a result of the study, the results of the causal short-run model in the COVID-19 period showed that the effect of oil price, gold price and exchange rate was insignificant with the Iraqi stock market.…”

Section: Post-covid-19 Studies In the Literaturementioning

confidence: 99%

Analyzing the Relationship between Oil Prices and Gold Prices before and after COVID-19

Huseynli

2023

IJEEP

View full text Add to dashboard Cite

The main purpose of this study is to investigate the causal relationship between world oil prices and gold prices. For this purpose, the study is divided into two groups and evaluated as pre-pandemic and post-pandemic. The data set required for the study is evaluated on a daily basis and includes the period from January 2011 to June 2022. For the data of the examined variables, the stationary test was carried out by using the Extended DickeyFuller (ADF) unit root test. In the case of level, it is concluded that the related series are not stationary for these variables. According to the ADF and Johansen cointegration results obtained by applying the first-order difference operation, it was determined that the first-order differences of the variables of interest were stationary, that is, there was no unit root. The Engle-Granger test was used to determine whether there is a long-term relationship between the two variables. The direction of the relationship was tried to be determined by using the Granger causality test. As a result of the study, it was concluded that there is a one-way causality relationship from gold prices to oil prices, before the pandemic.

show abstract

“…Ayrıca Granger nedensellik testine ait sonuçlar incelendiğinde altın fiyatı ve hisse senedi getirisi arasında nedensellik ilişkisinin olmadığı görülmektedir ve son olarak etki tepki fonksiyonları, altının ve hisse senedi getirisinin tepkisinin her tepki döneminde pozitif olduğunu göstermektedir. Asaad (2021), çalışmasında küresel COVID-19 salgını sırasında Irak borsasında (ISX60) endeksi ile temsil edilen petrol fiyatı, altın fiyatı, döviz kuru ve hisse senedi fiyatı arasındaki etkileşimleri incelemiştir. Analizler için ARDL ve Granger nedensellik testleri kullanılmıştır.…”

Section: Literatür Taramasıunclassified

“…Dolayısıyla yatırımcılara, karar alırken bu durumu göz önüne almalarının kendileri açısından faydalı olabileceği önerisi sunulabilir. Bu sonuçlar literatürde benzer sonuçlar elde eden Escribano ve Granger (1998), Bhuyan (2020), Asaad (2021), Erol ve Aytekin (2022) çalışmalarıyla paralellik göstermektedir.Yapılacak olan yeni çalışmalarda araştırmacıların altın fiyatlarının diğer endekslerle olan ilişkisini, farklı analiz teknikleri ve farklı zaman dilimlerini ele alarak araştırabilmeleri mümkündür.…”

Section: Veri Seti Ve Yöntemunclassified

Econometric Analysis of the Relationship Between Dow Jones Index, Silver Prices and Gold Prices

ASLAN,

SİZER

2023

Anadolu Üniversitesi Sosyal Bilimler Dergisi

View full text Add to dashboard Cite

Çalışmada Dow Jones endeksi ile gümüş fiyatlarının altın fiyatları üzerindeki etkisi tespit edilmeye çalışılmıştır. Bu amaçla 1 Ocak 1985-15 Haziran 2022 dönemine ait günlük veriler kullanılmıştır. Çalışmada değişkenler arasında uzun dönem ilişkisi bulunup bulunmadığını incelemek için Johansen eşbütünleşme testi ve değişkenler arasındaki nedensel ilişkinin yönünü belirlemek için de Granger nedensellik testi uygulanmıştır. Elde edilen bulgulara göre değişkenler arasında uzun dönemli bir ilişki tespit edilmiştir. Ayrıca altın fiyatları ile Dow Jones endeksi ve gümüş fiyatları arasındaki ilişkinin yönü analiz edilmiş ve elde edilen bulgulara göre altın fiyatları ile gümüş fiyatları arasında çift yönlü bir nedensel ilişki bulunmuşken, altın fiyatları ile Dow Jones endeksi arasında herhangi bir nedensellik ilişkisi tespit edilememiştir.

show abstract

Oil Price, Gold Price, Exchange Rate and Stock Market in Iraq Pre-During Covid19 Outbreak: An Ardl Approach

Cited by 15 publications

References 26 publications

Precious Metals and Oil Price Dynamics

Precious Metals and Oil Price Dynamics

Analyzing the Relationship between Oil Prices and Gold Prices before and after COVID-19

Econometric Analysis of the Relationship Between Dow Jones Index, Silver Prices and Gold Prices

Contact Info

Product

Resources

About