THE IMPACT OF WORLD CRUDE OIL PRICES ON THE VIETNAMESE STOCK MARKET

Khai Viet Huynh, Sang Minh Le, Anh Nguyet Thi Phan

Abstract


This paper reports the impact of world crude oil prices on the Vietnamese stock market from March 2006 to June 2015 using the autoregressive-distributed lag (ARDL) model. Results indicate a positive short-term impact, but a negative long-run impact. Furthermore, results indicate that the economic crisis affected the relationship between the crude oil prices and the Vietnamese stock market index only in the short-run.


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