Impact of Oil Prices on Stock Market- Evidence from G7 Countries. A Comparative Study of G7 Republics on the Biases of Oil Prices has Consequence Effect the Financial Growth

      Аннотация: The Group of Seven (G7) is an informal grouping of seven of the world’s advanced economies, The seven members are: 1. Canada 2. France 3. Germany 4. Italy 5. Japan 6. United Kingdom 7. United States These countries are the seven largest economies of the world. Together, they represent more than 62% of the global net wealth. Member countries also represent 46% of the global GDP. The group was founded in the early 1970s as the seven countries discussed concerns about the collapse of the oil industry.

Ключевые слова: Oil prices, industrial production, short term interest rate, Descriptive Statistics, Correlation Statistics, Augmented Dickey Fuller Test, Residuals tests.