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Purpose: The purpose of this study is to determine the impact of oil prices shocks on the stock market return of Jordan.
Research Methodology/ Design: This study has adopted quantitative design in which the data has been gathered from the Investing.com from 2015 to 2020. The variables which were considered in the study include exchange rate, cotton prices, oil prices, and stock market returns. In terms of the analysis, the vector autoregression (VAR) and granger causality test has been applied.
Findings: The results of this study identified that there is no effect of oil prices, cotton prices and exchange rate over the stock market returns in Jordan.
Limitations/ Implications: The findings of the study are delimited to Jordanian stock market returns and the data has been considered from 2015 to 2019 which also adds to the limitation of the study
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