Oil Price Shocks and Stock Market Returns: Evidence from 11 member countries of Organization of Economic Cooperation and Development (OECD)
The primary purpose of this study is to evaluate the size of impact that oil price shocks have on the stock market returns. The secondary purpose is to investigate which factors have greater influence on stock market returns in recent conditions in comparison to oil price shocks and to explore systematic effect across several countries.The study is carried out by applying unrestricted Vector Autor
