CEEP-BIT WORKING PAPER SERIES

 

The crude oil market and the gold market: Evidence for cointegration, causality and price discovery

Yue-Jun Zhang
Yi-Ming Wei

Working Paper 5
//www.metaimitation.com/english/publications/wp/index.htm

Center for Energy and Environmental Policy Research
Beijing Institute of Technology
No.5 Zhongguancun South Street, Haidian District
Beijing 100081
October 2009

This paper can be cited as: Zhang Y-J, Wei Y-M. 2009. The crude oil market and the gold market: Evidence for cointegration, causality and price discovery. CEEP-BIT Working Paper.

This study is supported by the National Natural Science Foundation of China under grant Nos. 70733005, 70701032, and the Humanities and Social Science Research Foundation from the Ministry of Education of China under the grant No.09YJC630011, and SRFDP under the grantNo.20091101110044. The views expressed herein are those of the authors and do not necessarily reflect the views of the Center for Energy and Environmental Policy Research.

© 2009 by Yue-Jun Zhang and Yi-Ming Wei. All rights reserved.

The Center for Energy and Environmental Policy Research, Beijing Institute of Technology (CEEP-BIT), was established in 2009. CEEP-BIT conducts researches on energy economics, climate policy and environmental management to provide scientific basis for public and private decisions in strategy planning and management. CEEP-BIT serves as the platform for the international exchange in the area of energy and environmental policy.
Currently, CEEP-BIT Ranks 121, top10% institutions in the field of Energy Economics at IDEAS（http://ideas.repec.org/top/top.ene.htm), and Ranks 157, top10% institutions in the field of Environmental Economics at IDEAS (http://ideas.repec.org/ top/top.env.html).
 

Yi-Ming Wei
Director of Center for Energy and Environmental Policy Research, Beijing Institute of Technology
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