THE EFFECT OF OIL PRICES ON STOCK MARKETS FROM A LONG TERM POINT OF VIEW: EMPIRICAL EVIDENCE FROM OIL EXPORTING GCC COUNTRIES AND OIL IMPORTING OECD COUNTRIES
In this study, we analyse the effect of oil prices on stock returns using selected oil importing countries, that is, Germany, Netherlands and Japan and oil exporting countries of the GCC region. We use a GARCH (1,1) Model to ascertain this relationship and divide our selected period of 2005-2015 int...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2015
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| Online Access: | https://eprints.nottingham.ac.uk/30149/ |
| _version_ | 1848793930986946560 |
|---|---|
| author | Qadri, Muhammad Zaid |
| author_facet | Qadri, Muhammad Zaid |
| author_sort | Qadri, Muhammad Zaid |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | In this study, we analyse the effect of oil prices on stock returns using selected oil importing countries, that is, Germany, Netherlands and Japan and oil exporting countries of the GCC region. We use a GARCH (1,1) Model to ascertain this relationship and divide our selected period of 2005-2015 into different time periods. Our results indicate that there exists a negative significant relationship on a whole for Germany and Netherlands, while there does not appear to be any significant relationship for the GCC countries and Japan. We then analyse our results on the basis of efficiency of stock markets, oil importing and exporting countries and whether the oil price fluctuations are demand or supply side shocks. |
| first_indexed | 2025-11-14T19:08:08Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-30149 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T19:08:08Z |
| publishDate | 2015 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-301492017-10-19T14:53:52Z https://eprints.nottingham.ac.uk/30149/ THE EFFECT OF OIL PRICES ON STOCK MARKETS FROM A LONG TERM POINT OF VIEW: EMPIRICAL EVIDENCE FROM OIL EXPORTING GCC COUNTRIES AND OIL IMPORTING OECD COUNTRIES Qadri, Muhammad Zaid In this study, we analyse the effect of oil prices on stock returns using selected oil importing countries, that is, Germany, Netherlands and Japan and oil exporting countries of the GCC region. We use a GARCH (1,1) Model to ascertain this relationship and divide our selected period of 2005-2015 into different time periods. Our results indicate that there exists a negative significant relationship on a whole for Germany and Netherlands, while there does not appear to be any significant relationship for the GCC countries and Japan. We then analyse our results on the basis of efficiency of stock markets, oil importing and exporting countries and whether the oil price fluctuations are demand or supply side shocks. 2015-09-17 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/30149/1/Muhammad%20Zaid%20Qadri%20--%20Dissertation%20Final.pdf Qadri, Muhammad Zaid (2015) THE EFFECT OF OIL PRICES ON STOCK MARKETS FROM A LONG TERM POINT OF VIEW: EMPIRICAL EVIDENCE FROM OIL EXPORTING GCC COUNTRIES AND OIL IMPORTING OECD COUNTRIES. [Dissertation (University of Nottingham only)] |
| spellingShingle | Qadri, Muhammad Zaid THE EFFECT OF OIL PRICES ON STOCK MARKETS FROM A LONG TERM POINT OF VIEW: EMPIRICAL EVIDENCE FROM OIL EXPORTING GCC COUNTRIES AND OIL IMPORTING OECD COUNTRIES |
| title | THE EFFECT OF OIL PRICES ON STOCK MARKETS FROM A LONG TERM POINT OF VIEW: EMPIRICAL EVIDENCE FROM OIL EXPORTING GCC COUNTRIES AND OIL IMPORTING OECD COUNTRIES |
| title_full | THE EFFECT OF OIL PRICES ON STOCK MARKETS FROM A LONG TERM POINT OF VIEW: EMPIRICAL EVIDENCE FROM OIL EXPORTING GCC COUNTRIES AND OIL IMPORTING OECD COUNTRIES |
| title_fullStr | THE EFFECT OF OIL PRICES ON STOCK MARKETS FROM A LONG TERM POINT OF VIEW: EMPIRICAL EVIDENCE FROM OIL EXPORTING GCC COUNTRIES AND OIL IMPORTING OECD COUNTRIES |
| title_full_unstemmed | THE EFFECT OF OIL PRICES ON STOCK MARKETS FROM A LONG TERM POINT OF VIEW: EMPIRICAL EVIDENCE FROM OIL EXPORTING GCC COUNTRIES AND OIL IMPORTING OECD COUNTRIES |
| title_short | THE EFFECT OF OIL PRICES ON STOCK MARKETS FROM A LONG TERM POINT OF VIEW: EMPIRICAL EVIDENCE FROM OIL EXPORTING GCC COUNTRIES AND OIL IMPORTING OECD COUNTRIES |
| title_sort | effect of oil prices on stock markets from a long term point of view: empirical evidence from oil exporting gcc countries and oil importing oecd countries |
| url | https://eprints.nottingham.ac.uk/30149/ |