The Dynamic Impact of Crude Oil Price and Real Estate Growth on Stock Market Performance
Journal of Contemporary Issues in Business and Government,
2021, Volume 27, Issue 2, Pages 2828-2843
AbstractThis paper examines the effect of crude oil price and real estate growth on Malaysian stock market performance by examining the monthly data from 1999-2016 using both linear and non-linear tests. These tests examine the long-run and short-run relationship among variables. Granger causality test is used to measure the short-run adjustments towards the long-run relationship among the variables. The results of Granger causality test indicates that a bidirectional relationship exists between stock market performance, crude oil price, real estate. In other words, there is a dynamic relationship among the stock market performance, crude oil and real estate.
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