Causal relationships between oil and stock prices: some new evidence from gulf oil-exporting countries (notice n° 594024)
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| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121150732.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Arouri, Mohamed El Hédi |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Causal relationships between oil and stock prices: some new evidence from gulf oil-exporting countries |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2011.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 46 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | RésuméCet article étudie la relation entre le prix du pétrole et les marchés boursiers dans les pays du Conseil de Coopération du Golfe (CCG). En utilisant une base de données hebdomadaire couvrant la période allant du 7 juin 2005 au 25 mai 2010, nous mettons en évidence une relation de causalité bidirectionnelle très significative entre le prix du pétrole et le marché boursier en Arabie Saoudite. En revanche, pour les autres pays membres du CCG, nous montrons que les variations du prix du pétrole causent au sens de Granger les variations des prix des actions, alors que ces dernières ne causent pas les variations du prix du pétrole. Par conséquent, les investisseurs dans les marchés boursiers du CCG devraient suivre les évolutions du prix du pétrole, alors que les investisseurs dans les marchés pétroliers devraient être attentifs aux changements dans le marché boursier saoudien.Classification JEL : G12 ; F3 ; Q43. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The aim of this paper is to investigate the relationship between oil prices and stock markets in Gulf Corporation Council (GCC) countries. Using a weekly dataset covering the period from 7 June 2005 to 25 May 2010, we show strong statistical evidence that the causal relationship is consistently bi-directional for Saudi Arabia. Stock market price changes in the other GCC member countries do not Granger cause oil price changes, whereas oil price shocks Granger cause stock price changes. Therefore, investors in GCC stock markets should look at the changes in oil prices, whereas investors in oil markets should look at changes in the Saudi stock market. JEL classification: G12; F3; Q43. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Conseil de Coopération du Golfe |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | marchés boursiers |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | prix du pétrole |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | oil prices |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | GCC stock markets |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Rault, Christophe |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Économie internationale | 122 | 2 | 2011-01-24 | p. 41-56 | 1240-8093 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-economie-internationale-2010-2-page-41?lang=fr&redirect-ssocas=7080">https://shs.cairn.info/revue-economie-internationale-2010-2-page-41?lang=fr&redirect-ssocas=7080</a> |
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