石油价格变动对GCC国家股票市场的短期影响：线性与非线性分析
On the short-term influence of oil price changes on stock markets in GCC countries: linear and nonlinear analyses
摘要：
本文研究了石油价格和海湾合作委员会股票市场之间的短期关系。由于海湾合作委员会国家是世界能源市场的主要参与者，它们的股票市场可能容易受到石油价格冲击的影响。为了解释股票市场对石油价格冲击的非线性反应，我们研究了线性和非线性关系。我们的研究结果表明，在卡塔尔、阿曼和阿联酋，这两个变量之间存在显著联系。因此，这些国家的股票市场对油价上涨作出积极反应。对于巴林、科威特和沙特阿拉伯，我们发现油价变化不会影响股票市场回报。
英文摘要：
This paper examines the short-run relationships between oil prices and GCC stock markets. Since GCC countries are major world energy market players, their stock markets may be susceptible to oil price shocks. To account for the fact that stock markets may respond nonlinearly to oil price shocks, we have examined both linear and nonlinear relationships. Our findings show that there are significant links between the two variables in Qatar, Oman, and UAE. Thus, stock markets in these countries react positively to oil price increases. For Bahrain, Kuwait, and Saudi Arabia we found that oil price changes do not affect stock market returns.
机构、总结、中文摘要均由AI分析而来，可能存在错误，请以论文正文为准。
