TY - JOUR ID - 52439 TI - The Relationship between Crude Oil Volatility, CPI and industrial Production with Stock Market Return JO - Journal of Economic Research (Tahghighat- E- Eghtesadi) JA - JTE LA - en SN - 0039-8969 AU - Khani, Abdollah AU - Karimi, Zohre AU - karimi, Leila AD - Assistant Professor, Isfahan University, Economics Faculty AD - Science and Research Unit of Isfahan Center AD - Shiraz University, Faculty of Economics Y1 - 2014 PY - 2014 VL - 49 IS - 3 SP - 483 EP - 498 KW - oil prices KW - macroeconomic indicators KW - stock market return DO - 10.22059/jte.2014.52439 N2 - In this paper we examine the effect of the oil volatility, Consumer Price Index (CPI) and Industrial Production on the Stock Market return in Tehran Stock Exchange (TSE). We used seasonal data in period 1378-1390 and Auto Regressive Distributed Method (ARDL) for the short-term and long-term relationship between the variables. As results of research indicate, we find that there is positive short-term relationship between oil volatility and industrial production with stock market return and no long-term relationship between these variables. JEL Classification: C32, E44, E200, G10 UR - https://jte.ut.ac.ir/article_52439.html L1 - https://jte.ut.ac.ir/article_52439_3a8b7b660a385ecc1570bac7a4eb39ba.pdf ER -