CAUSALITY BETWEEN NATURAL GAS PRICES AND STOCK MARKET RETURNS : EVIDENCE FROM EMERGING MARKETS
Published In: 2ND INTERNATIONAL CONFERENCE ON ADVANCES IN ECONOMICS, MANAGEMENT AND SOCIAL STUDY
Author(s): HALIME TEMEL NALIN
Abstract: This study emprically examines the long-run relationship between stock prices and natural gas prices for Brazil, Russia, Turkey and South Africa using monthly data for the period from 1999:Q1 to 2014:Q2. The main finding of the paper is that that there is a unique long-term equilibrium relationship between natural gas prices, industrial production and stock prices in Brazil, Russia, South Africa and Turkey. According to the Granger causal relationship between stock returns, industrial production growth and natural gas price increase, As a result, increase in industrial production growth seem to impact at natural gas prices the first place and stock returns appears to affect industrial production growth in the short term. The results reveal that there is a unique long-term equilibrium relationship between natural gas prices, industrial production and stock prices in Brazil, Russia, Turkey and South Africa.
- Publication Date: 21-Dec-2014
- DOI: 10.15224/978-1-63248-036-1-70
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STUDY ON IMPROVING THE THEORY OF PLATE BENDING
Published In: 2ND INTERNATIONAL CONFERENCE ON ADVANCES IN ECONOMICS, MANAGEMENT AND SOCIAL STUDY
Author(s): OWUS MATHIAS IBEARUGBULEM
Abstract: This paper presents study on improving the theory of plate bending. In doing this, it was assumed that none of the components of stress tensor and strain tensor shall be neglected. This assumption presupposes that all the components of stress tensor and strain tensor are significant. Constitutive equations were determined. Equilibrium equations of a static body at state of stress was used in conjunction with equations of strain-displacement and constitutive equations to determine the improved governing equation and stress resultants. A numerical problem was solved for a square plate simply supported at all the four edges. Obtained result indicated that maximum deflection and bending moment are -0.003377qa4/D and -0.0397125qa2 respectively. The corresponding values from classical theory are 0.00414qa4/D and 0.05163qa2 respectively. It was observed that the maximum deflection and bending moment from classical theory were higher than the magnitude of those from the present study by 18% an
- Publication Date: 21-Dec-2014
- DOI: 10.15224/978-1-63248-035-4-71
- Views: 0
- Downloads: 0