How the price dynamics of energy resources and precious metals interact with conventional and Islamic Stocks: Fresh insight from dynamic ARDL approach

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dc.authoridSharif, Arshian/0000-0002-1155-4151
dc.authoridKhan, Muhammad Kamran/0000-0002-7687-0382
dc.authoridSarwat, Salman/0000-0002-6478-0224
dc.contributor.authorGodil, Danish Iqbal
dc.contributor.authorSarwat, Salman
dc.contributor.authorKhan, Muhammad Kamran
dc.contributor.authorAshraf, Muhammad Sajjad
dc.contributor.authorSharif, Arshian
dc.contributor.authorOzturk, Ilhan
dc.date.accessioned2025-03-07T20:14:28Z
dc.date.available2025-03-07T20:14:28Z
dc.date.issued2022
dc.departmentÇağ Üniversitesi
dc.description.abstractY The study aims to determine the short and long run relationships, and impulsive response effect of energy resources and precious metals on conventional and Islamic stocks through the Dynamic stimulated autoregressive distributed lag error correction model. Monthly time series data from Jun 2002 to Sep 2019 of Dow Jones Conventional and Islamic Stock indices, and commodity prices of gold, silver, platinum, crude oil, gasoline, and natural gas are analyzed. In the case of conventional stocks, results suggest that gasoline and platinum prices have a significant positive impact, whereas gold prices have a significant negative impact in the long run. As far as Islamic stocks are concerned, energy resources prices are found to be insignificant, however, among precious metals, platinum has a significant positive effect, and gold has a negative effect in the long run. Hence, we can infer that energy resources are affecting conventional and Islamic indices differently in the long run, but the impact of precious metal prices on both the indices is the same. Whereas short-run effect and impulse responses of energy resources as well as precious metals are found to be similar on both the indices. The outcomes of this endeavor are substantial for investors, portfolio managers, and policymakers with respect to their investments in conventional and Islamic stock markets.
dc.identifier.doi10.1016/j.resourpol.2021.102470
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.scopus2-s2.0-85119518933
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.resourpol.2021.102470
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2916
dc.identifier.volume75
dc.identifier.wosWOS:000730844500009
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier Sci Ltd
dc.relation.ispartofResources Policy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20241226
dc.subjectEnergy resources
dc.subjectPrecious metals
dc.subjectARDL
dc.subjectPrice shocks
dc.subjectDow jones indices
dc.titleHow the price dynamics of energy resources and precious metals interact with conventional and Islamic Stocks: Fresh insight from dynamic ARDL approach
dc.typeArticle

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