Matches in SemOpenAlex for { <https://semopenalex.org/work/W2563825951> ?p ?o ?g. }
Showing items 1 to 80 of
80
with 100 items per page.
- W2563825951 endingPage "188" @default.
- W2563825951 startingPage "188" @default.
- W2563825951 abstract "Oil dependent economies of GCC countries had passed through various cycles of boom and trough of oil price. In the aftermath of the economic recession of 2008 and oil price, the GCC countries have been pursuing plans for diversifying to non-oil revenues. The oil of 2014-16 raised the issue of stock market cointegration to oil price movement in the background of non-oil diversification.This research study analyzes long term cointegration of oil price and GCC stock indices, and also cointegration among the GCC stock indices per se in an attempt to investigate if there is any early sign of disintegration of GCC stock markets from oil price cyclicality. The study period is linked to cyclicality of oil price: the first period comprising of Jan 2006- Dec. 2011 that covers oil price cycle during economic recession of 2008, and the second period comprising of Jan 2012 –September 2016 which covers the post-economic recession oil price cycle. The null hypotheses is that oil price and stock market indices are co-integrated.Based on Johansen Cointegration test on Box Cox transformed data of oil price and seven stock market indices of GCC countries, it is found that oil price and GCC stock markets are co-integrated. Analysis using Augmented Dickey- Fuller test and Phillips –Perron test shows that data series are all I (1). This study establishes that efforts to reduce oil dependency in GCC countries is yet to result in decoupling of financial markets from oil price cyclicality. This study also establishes that GCC stock markets per se are co-integrated but factors of cointegration beyond oil price are not explored." @default.
- W2563825951 created "2017-01-06" @default.
- W2563825951 creator A5010550616 @default.
- W2563825951 date "2016-12-28" @default.
- W2563825951 modified "2023-09-30" @default.
- W2563825951 title "Oil Dependency of GCC Stock Markets: Co-integration of GCC Stock Market Indices and Oil Price" @default.
- W2563825951 cites W129305155 @default.
- W2563825951 cites W1972956294 @default.
- W2563825951 cites W1973921319 @default.
- W2563825951 cites W2006683872 @default.
- W2563825951 cites W2019058489 @default.
- W2563825951 cites W2079615115 @default.
- W2563825951 cites W2085096017 @default.
- W2563825951 cites W2097580026 @default.
- W2563825951 cites W2098921899 @default.
- W2563825951 cites W2106372379 @default.
- W2563825951 cites W2150492888 @default.
- W2563825951 cites W2153562738 @default.
- W2563825951 cites W3122009353 @default.
- W2563825951 doi "https://doi.org/10.5539/ijbm.v12n1p188" @default.
- W2563825951 hasPublicationYear "2016" @default.
- W2563825951 type Work @default.
- W2563825951 sameAs 2563825951 @default.
- W2563825951 citedByCount "0" @default.
- W2563825951 crossrefType "journal-article" @default.
- W2563825951 hasAuthorship W2563825951A5010550616 @default.
- W2563825951 hasBestOaLocation W25638259511 @default.
- W2563825951 hasConcept C106159729 @default.
- W2563825951 hasConcept C127413603 @default.
- W2563825951 hasConcept C138153592 @default.
- W2563825951 hasConcept C139719470 @default.
- W2563825951 hasConcept C145162277 @default.
- W2563825951 hasConcept C149782125 @default.
- W2563825951 hasConcept C151730666 @default.
- W2563825951 hasConcept C162324750 @default.
- W2563825951 hasConcept C195742910 @default.
- W2563825951 hasConcept C204036174 @default.
- W2563825951 hasConcept C2780299701 @default.
- W2563825951 hasConcept C2780762169 @default.
- W2563825951 hasConcept C2984556133 @default.
- W2563825951 hasConcept C556758197 @default.
- W2563825951 hasConcept C78519656 @default.
- W2563825951 hasConcept C86803240 @default.
- W2563825951 hasConceptScore W2563825951C106159729 @default.
- W2563825951 hasConceptScore W2563825951C127413603 @default.
- W2563825951 hasConceptScore W2563825951C138153592 @default.
- W2563825951 hasConceptScore W2563825951C139719470 @default.
- W2563825951 hasConceptScore W2563825951C145162277 @default.
- W2563825951 hasConceptScore W2563825951C149782125 @default.
- W2563825951 hasConceptScore W2563825951C151730666 @default.
- W2563825951 hasConceptScore W2563825951C162324750 @default.
- W2563825951 hasConceptScore W2563825951C195742910 @default.
- W2563825951 hasConceptScore W2563825951C204036174 @default.
- W2563825951 hasConceptScore W2563825951C2780299701 @default.
- W2563825951 hasConceptScore W2563825951C2780762169 @default.
- W2563825951 hasConceptScore W2563825951C2984556133 @default.
- W2563825951 hasConceptScore W2563825951C556758197 @default.
- W2563825951 hasConceptScore W2563825951C78519656 @default.
- W2563825951 hasConceptScore W2563825951C86803240 @default.
- W2563825951 hasIssue "1" @default.
- W2563825951 hasLocation W25638259511 @default.
- W2563825951 hasOpenAccess W2563825951 @default.
- W2563825951 hasPrimaryLocation W25638259511 @default.
- W2563825951 hasRelatedWork W1542900665 @default.
- W2563825951 hasRelatedWork W1988513709 @default.
- W2563825951 hasRelatedWork W2058073402 @default.
- W2563825951 hasRelatedWork W2059921867 @default.
- W2563825951 hasRelatedWork W2071337948 @default.
- W2563825951 hasRelatedWork W2338331249 @default.
- W2563825951 hasRelatedWork W2953464030 @default.
- W2563825951 hasRelatedWork W3044067392 @default.
- W2563825951 hasRelatedWork W3122972538 @default.
- W2563825951 hasRelatedWork W4221065188 @default.
- W2563825951 hasVolume "12" @default.
- W2563825951 isParatext "false" @default.
- W2563825951 isRetracted "false" @default.
- W2563825951 magId "2563825951" @default.
- W2563825951 workType "article" @default.