Ajmi, Ahdi Noomen; Montasser, Ghassen El; Hammoudeh, Shawkat - Institut de Préparation à l'Administration et à la … - 2014
This article investigates the potential of nonlinear causal relationships between world oil prices and stock markets in … and asymmetric causality test of Kyrtsou and Labys (2006), we mainly find that: i) oil prices and MENA stock markets … causality links between the variables; and iii) the nonlinear causality is more pronounced in the case of the Brent than WTI oil …