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- W1493292547 abstract "We provide comprehensive evidence on the relationship between oil prices and stock mar-kets for six GCC countries. Unlike previous contributions, a wide range of modern econo-metric techniques are applied in order to: i) capture both short- and long-term interactions between considered markets; ii) deal with the potential asymmetry in such interactions and iii) control for the effects of relevant global financial variables. Empirical results show strong causal linkages in the short-run with the impact direction running usually from oil to stocks, but no long-run links. Stock returns seem also to be more sensitive to negative than to positive oil shocks." @default.
- W1493292547 created "2016-06-24" @default.
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- W1493292547 date "2013-03-07" @default.
- W1493292547 modified "2023-10-18" @default.
- W1493292547 title "On the relationship between world oil prices and GCC stock markets" @default.
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