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文章基本信息

  • 标题:Oil Price Shocks and Stock Market Returns in Oil-Exporting Countries: The Case of GCC Countries
  • 本地全文:下载
  • 作者:Mohamed El Hédi AROURI ; Amine Lahiani ; Makram BELLALAH
  • 期刊名称:International Journal of Economics and Finance
  • 印刷版ISSN:1916-971X
  • 电子版ISSN:1916-9728
  • 出版年度:2010
  • 卷号:2
  • 期号:5
  • 页码:132
  • DOI:10.5539/ijef.v2n5p132
  • 出版社:Canadian Center of Science and Education
  • 摘要:

    Using linear and nonlinear models, this paper investigates the responses of stock markets in GCC countries to oil price shocks. Our findings show that stock market returns significantly react to oil price changes in Qatar, Oman, Saudi Arabia and UAE. In addition, we establish that the relationships between oil prices and stock markets in these countries are nonlinear and switching according to the oil price values. However, for Bahrain and Kuwait we found that oil price changes do not affect stock market returns.

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