Cheikh, Nidhaleddine Ben; Ben Naceur, Samy; Kanaan, … - 2018
Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear …, we find that Oman’s and Qatar’s stock markets are more sensitive to large oil price changes than to small ones. Our … smooth transition regression (STR) models. Contrary to conventional wisdom, our empirical results reveal that GCC stock …