Objectives of the study: 1) Finding out the cross-national impacts of oil price shocks on stock markets and real economy 2)Identifying the links between the differential change in the global price of oil to the stock market’s volatility and the real economy 3) To understand the impact of oil prices on both importers and exporters. Hypothesis: The increase in oil prices has a positive correlation with the stock markets and real economy in both oil-importing and oil-exporting countries. Data and analysis should be covered by a methodology of your choice as long as it can support the thesis topic and hypothesis. (Variables that can be used could also be GDP, rates of inflation, deflated exchange rates, interest rates, etc…) The source limit is not fixed but preferably it would need between 10 and 20.
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