Ben Cheikh, Nidhaleddine; Ben Naceur, Sami; Kanaan, Oussama - 2021
This paper investigates the presence of asymmetric relationship between oil price movements and Gulf Cooperation … wisdom, our empirical results reveal that GCC stock markets do not have similar sensitivities to oil price changes. We … document that oil price changes have asymmetric effects on stock returns in some GCC countries, but not for others. More …