Dynamic Relationships among GCC Stock Markets and NYMEX Oil Futures.
Daily relationships among stock markets of the Gulf Cooperation Council (GCC) members, excluding Qatar, form two equilibrium relationships with varying predictive power. The Saudi market leads, followed by Bahrain and United Arab Emirates. Kuwait, which is dominated by momentum traders, and Oman hav...
| Publicado en: | Contemporary Economic Policy Vol. 22; no. 2; pp. 250 - 270 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
April 2004
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510325931&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510325931 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: N pubinfo: dt: April 2004 vid: 22 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510325931 10.1093/cep/byh018 ppf: 250 ppct: 20 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.4MB tig: atl: Dynamic Relationships among GCC Stock Markets and NYMEX Oil Futures. aug: au: Hammoudeh, Shawkat Aleisa, Eisa su: New York Mercantile Exchange (New York, N.Y.) Gulf Cooperation Council Petroleum product sales & prices Commodity futures Prices sug: subj: New York Mercantile Exchange (New York, N.Y.) Gulf Cooperation Council Petroleum product sales & prices Commodity futures Prices ab: Daily relationships among stock markets of the Gulf Cooperation Council (GCC) members, excluding Qatar, form two equilibrium relationships with varying predictive power. The Saudi market leads, followed by Bahrain and United Arab Emirates. Kuwait, which is dominated by momentum traders, and Oman have the weakest links with the other GCC markets. Only the Saudi index can predict—and be predicted by—New York Mercantile Exchange oil futures prices. Therefore these markets are candidates for diversified regional portfolios at the country level. The trading day effect is weak for all GCC markets and oil futures prices but remains consistent with findings for the U.S. stock market. (JEL C22, F3, Q49) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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