Acaravci, Ali; Ozturk, Ilhan; Kandir, Serkan Yilmaz - In: Economic Modelling 29 (2012) 5, pp. 1646-1654
This study investigates the long-run relationship between natural gas prices and stock prices by using the Johansen and Juselius cointegration test and error–correction based Granger causality models for the EU-15 countries. We employ quarterly data covering the period from 1990:1 to 2008:1....