وثيقة

US economic policy uncertainty and GCC stock market performance.

المعرف
DOI: 10.2478/sbe-2020-0017
المصدر
Studies in Business and Economics. v. 15, 1, p. 223-242
مؤلف
الدولة
Poland
مكان النشر
Warsaw
الناشر
Sciendo.
ميلادي
2020-04-01
اللغة
الأنجليزية
الملخص الإنجليزي
The study evaluates the effect of economy policy uncertainty of US on gulf cooperation council (GCC) countries' stock market returns. The GCC countries are Saudi Arabia, Qatar, UAE, Kuwait, Bahrain and Oman. Granger Causality Tests (GCT) was done primarily to evaluate if economy policy uncertainty granger cause on GCC stock market returns. The analysis established that oil prices granger cause stock market returns for Saudi Arabia, Kuwait and UAE; the same is not true on changes in economic policy uncertainty of US cause on the stock market returns. Changes in economy policy uncertainty in US granger causes on stock market returns of Bahrain. On the other hand, economy policy uncertainty in US does not cause stock market returns in Qatar, UAE, Kuwait and Saudi Arabia. Vector Autoregression (VAR) analysis establishes that economy policy uncertainty in US negatively responds to the stock market returns of the GCC countries.
ISSN
1842-4120
قالب العنصر
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