Template-Type: ReDIF-Article 1.0 
Author-Name: Erhan Mugaloglu
Author-Name: Ali Yavuz Polat
Author-Name: Abdullah Dogan
Author-Name: Hasan Tekin
Author-Email:  erhan.mugaloglu@agu.edu.tr
Author-Workplace-Name: Karabuk University, Turkey
Title: Oil Price Shocks During the COVID-19 Pandemic - Evidence From United Kingdom Energy Stocks
Abstract:  We investigate the dynamic relationship between global oil prices, the stock market, and oil and gas stock (FTSE-OG) returns in the UK through a structural vector autoregressive (VAR) framework during the COVID-19 pandemic. The structural VAR results suggest that the impact of structural shocks related to the global oil price on FTSE-OG index returns becomes less important and loses its explanatory power during the pandemic. However, stock market shocks increase their explanatory power in the variations of FTSE-OG index returns
Classification-JEL:  I00,G1
Keywords:  covid-19 pandemic,oil & gas sector,svar,forecast error variance decomposition
Journal:  Energy RESEARCH LETTERS
Pages: 1-5
Volume: 2
Issue: 1
Year:  2021
DOI:  2021/06/16
File-URL:  https://erl.scholasticahq.com/api/v1/articles/24253-oil-price-shocks-during-the-covid-19-pandemic-evidence-from-united-kingdom-energy-stocks.pdf
File-Format:  Application/pdf
Handle: RePEc:ayb:jrnerl:1