Jul 2026· Istanbul Journal of Economics / İstanbul İktisat Dergisi· Vol 76, pp. 16-32· 0 citations· 43 references
Abstract
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 Jordan, Kuwait, Lebanon, Morocco, Qatar, and Tunisia. However, the DOLS estimator indicates no significant effect of oil prices on stock prices in Jordan, Morocco, Qatar, or Tunisia. This indicates that other macroeconomic or regional factors besides oil prices have a more dominant effect in these countries. It also indicates that sensitivity to energy prices may be limited. This study emphasises the importance of understanding the long-term effects of structural changes and external shocks, such as oil price fluctuations, on stock market dynamics in selected Arab countries.
This study examined the impact of crude oil price changes on stock market performance in Nigeria over the period 1981–2024. The primary objective was to investigate whether positive and negative crude oil price shocks exert asymmetric effects on key stock market indicators, namely the All-Share Index (ASI), Market Capi...
This study examines the impact of crude oil prices on economic growth in Nigeria from 1990 to 2023, employing the Autoregressive Distributed Lag (ARDL) framework and Granger causality analysis. Unlike previous studies that assume symmetric relationships, this research explicitly tests for structural breaks and incorpor...
Dungrit Peter Gelle, Bernard Iferi Eni, Yitmal Yahaya Mari· Integrated Economies and Pol...· 0 citations
Market interconnection and dynamic linkages increase the persistence of volatility, as shocks in one market quickly affect others, reflecting their interdependence. In this context, the objective of this study is to examine the conditional volatility and conditional correlation of selected financial markets. This study...
Arup Bramha Mohapatra· Asia-Pacific Journal of Mana...· 0 citations
This study investigates the empirical relationship between macro-economic variables such as consumer price index (CPI), gold prices, index of industrial production (IIP), trade balance and crude oil prices – and the direction, magnitude and persistence of their bilateral interactions in the Indian market.
Mo...
Sarishma Sharma, Mohit Gupta· Journal of Agribusiness in D...· 0 citations
Price volatility affects income stability, investment decisions, market efficiency, and the reliability of market signals in agricultural value chains. This study examined the persistence of wholesale oil palm price volatility in two major Indian markets, Eluru in Andhra Pradesh and Khammam in Telangana. Monthly wholes...
Gali Krishna Chaithanya, S. Wani, Abid Sultan et al.· Journal of Experimental Agri...· 0 citations
This study examines the short-run and long-run impact of oil price shocks on three major
macroeconomic variables of Nigeria, which are the exchange rate, the inflation rate, and the
interest rate for the period of 1974 to 2022. Nigeria is an interesting case study because it is a
large crude oil exporter and a net i...
F. A. Adebimpe· International Journal of Eco...· 0 citations
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