Abstract
The paper examined the relationship between oil price shocks and stock market volatilities in Nigeria, Egypt, South Africa, Kenya, Ivory Coast, and Ghana using a structural Vector Autoregressive model. The data used for the study spanned from January 2000 to December 2019. Findings from the study showed homogeneity in the response of stock market volatility to oil shocks for both oil importing and oil exporting countries, with slight variances in the timing of pass-through and speed of adjustment. Supply shocks had no significant impact on stock market volatility in all countries considered. In making stock market-related decisions, investors and even policy makers should consider the source and pass-through mechanism of oil price shock in their specific countries.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Business & Economics (IJBE)
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
