文章基本信息

标题：Oil Price Shocks and Stock Market Returns in Oil-Exporting Countries: The Case of GCC Countries
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作者：Mohamed El Hédi AROURI ; Amine Lahiani ; Makram BELLALAH 等
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：2014
卷号：2
期号：5
页码：132
DOI：10.5539/ijef.v2n5p132
语种：English
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.