different stock markets to oil price shocks appear highly heterogeneous. performances, the empirical evidence on the impact of oil price on stock retums (2008) analyzed the oil price-stock retums nexus for thirteen European countries and (Panel. B cases of statistics. III. Results. Before starting our QQR estimates, the 18 Jun 2019 Salisu and Isah [44] scrutinized nonlinear Panel cointegration of oil prices series data for analysis that is mainly obtained from Federal Reserve Bank Oil prices and stock markets in GCC countries: empirical evidence from 4 Dec 2019 know the impact of oil prices on GCC country equity markets for their portfolio hedging, cross- Empirical Evidence from Panel Analysis. 14 Nov 2016 Oil prices and stock markets in GCC countries: Empirical evidence from panel analysis. International Journal of Finance and Economics. 17(3)
First, there is still little empirical evidence on how oil prices are associated with stock markets in the context of the GCC countries ( Zarour, 2006; Hammoudeh and Choi, 2006; Maghyereh and Al
Salah A. Nusair and Jamal A. Al-Khasawneh, Oil price shocks and stock market returns of the GCC countries: empirical evidence from quantile regression analysis, Economic Change and Restructuring, 10.1007/s10644-017-9207-4, (2017). Oil prices and stock markets in GCC countries: empirical evidence from panel analysis Article in International Journal of Finance & Economics 17(3):242 - 253 · July 2012 with 502 Reads – The purpose of this research is to examine the linkages between oil prices and stock market in Gulf Cooperation Council (GCC) countries. Prior work argues that oil prices and the GCC stock markets are not related. This conclusion could be due to the fact that only linear linkages have been examined., – This study employs newly developed techniques of rank tests of nonlinear cointegration This paper examines the effects of oil price shocks on the stock market returns of the Gulf Cooperation Council countries. The empirical method used is quantile regression analysis. In addition, we allow for structural breaks and asymmetry by differentiating between positive and negative oil price changes. Unlike OLS analysis, quantile regression allows the coefficient estimates to vary Downloadable (with restrictions)! Abstract This paper examines the effects of oil price shocks on the stock market returns of the Gulf Cooperation Council countries. The empirical method used is quantile regression analysis. In addition, we allow for structural breaks and asymmetry by differentiating between positive and negative oil price changes. First, there is still little empirical evidence on how oil prices are associated with stock markets in the context of the GCC countries ( Zarour, 2006; Hammoudeh and Choi, 2006; Maghyereh and Al
Request PDF | Oil prices and stock markets in GCC countries: empirical evidence from panel analysis | In this paper, we examine long-run links between oil
This paper examines the effects of oil price shocks on the stock market returns of the Gulf Cooperation Council countries. The empirical method used is quantile regression analysis. In addition, we allow for structural breaks and asymmetry by differentiating between positive and negative oil price changes. Unlike OLS analysis, quantile regression allows the coefficient estimates to vary Downloadable (with restrictions)! Abstract This paper examines the effects of oil price shocks on the stock market returns of the Gulf Cooperation Council countries. The empirical method used is quantile regression analysis. In addition, we allow for structural breaks and asymmetry by differentiating between positive and negative oil price changes.
different stock markets to oil price shocks appear highly heterogeneous. performances, the empirical evidence on the impact of oil price on stock retums (2008) analyzed the oil price-stock retums nexus for thirteen European countries and (Panel. B cases of statistics. III. Results. Before starting our QQR estimates, the
10 Jul 2019 In this context, we analyze the role of oil market in driving stock and stock returns in GCC countries: Empirical evidence from panel analysis. This paper analyses the impact of WTI Crude Oil spot prices and Dubai's Real Estate Evidence of a long-run relationship between DFMGI returns and relationship between oil prices, real estate investment and the stock market Oil prices and stock markets in GCC countries: Empirical evidence from panel analysis.
Conditional correlations, reported in Figure 3.3, Figure 3.4, capture the comovements across oil prices and stock markets. They clearly show a higher (and positive) degree of comovement in the case of GCC countries compared to the other countries under investigation. Download : Download full-size image; Figure 3.3. Conditional correlations
Framework, Oil Price Returns, Oil Price Shocks, Stock Market Sectors. hold for stock markets operating in oil-exporting countries, but rather a positive relationship exists, as shown by relationship between oil price and stock market returns in Gulf Cooperation Council (GCC) Empirical evidence from panel analysis. The Impact of Oil Price on Equity Return in Oil and Gas Sector International Review of Financial Analysis, 19(1), 47-54. 連結：; Arouri, M. E. H., & Rault, C. ( 2012). Oil prices and stock markets in GCC countries: Empirical evidence from panel "The Relationship between Oil Price and Stock Market Index: An Empirical. Study from Keywords: Oil Price, GCC Stock Markets, Kuwait Stock Market, Markov Switching Model. price and stock market exists in the Oil-exporting countries ( Mohanty et al., 2011; Fayyad and evidence from panel analysis” Int. J. Financ. We used wavelet coherence to analyze the evolution of this relationship both in time Our results show that the co-movement between African stock markets and oil Developed and industrialized countries are by far the major oil consumers. oil prices generally affected almost all GCC stock markets and that the impact