The Dynamics of Oil Prices and Stock Markets in Selected Arab Countries: Evidence from the Fourier-Shin Co-integration Test
This study uses the Fourier-Shin (F-Shin) cointegration test to examine the long-term interaction between Brent crude oil prices and the equity markets of selected Arab countries, using data from January 2010 to December 2024. The findings reveal a long-term co-integration relationship between oil and stock prices in J...