Co-Integration in the Oil and Gold Prices

Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F09%3A%230000355" target="_blank" >RIV/47813059:19520/09:#0000355 - isvavai.cz</a>
Výsledek na webu
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DOI - Digital Object Identifier
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Jazyk výsledku
angličtina
Název v původním jazyce
Co-Integration in the Oil and Gold Prices
Popis výsledku v původním jazyce
The main aim of this article to compare the development of gold prices and oil prices during 40 years, which means during the period between 1968 and 2009. With respect to obtained results, both time series are non-stationary of degree one. With respectto Engle-Granger test the two variables have a long run equilibrium relationship. Moreover, the Granger causality test reveals that in long-term, the change in prices of gold influences the change in prices of oil, while the change in prices of oil doesnot influence the future change in prices of gold.
Název v anglickém jazyce
Co-Integration in the Oil and Gold Prices
Popis výsledku anglicky
The main aim of this article to compare the development of gold prices and oil prices during 40 years, which means during the period between 1968 and 2009. With respect to obtained results, both time series are non-stationary of degree one. With respectto Engle-Granger test the two variables have a long run equilibrium relationship. Moreover, the Granger causality test reveals that in long-term, the change in prices of gold influences the change in prices of oil, while the change in prices of oil doesnot influence the future change in prices of gold.

Druh
J<sub>x</sub> - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)
CEP obor
AH - Ekonomie
OECD FORD obor
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Rok uplatnění
2009
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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