The Asymmetric Impact of COVID-19 Pandemic on the Crude Oil-stock Markets Nexus in KSA: Evidence from a NARDL Model
This paper estimates the asymmetric relationship between the crude oil market, stock market and COVID-19 pandemic in the case of KSA during the period of 15/03/2020 to 03/02/2021. Nonlinear and long-run asymmetric cointegration were utilized for comprehensive research on this topic. Our findings ar...
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| Format: | Article |
| Language: | English |
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EconJournals
2022-11-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/12811 |
| _version_ | 1797917579598102528 |
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| author | Zouheyr Gheraia |
| author_facet | Zouheyr Gheraia |
| author_sort | Zouheyr Gheraia |
| collection | DOAJ |
| description |
This paper estimates the asymmetric relationship between the crude oil market, stock market and COVID-19 pandemic in the case of KSA during the period of 15/03/2020 to 03/02/2021. Nonlinear and long-run asymmetric cointegration were utilized for comprehensive research on this topic. Our findings are as follows: positive and negative shocks to the COVID-19 pandemic reduce stock market. Moreover, positive shock to crude oil market increases stock market, but negative shock has a negative and insignificant effect. Based on the results, this study concludes with suitable policy prescription.
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| first_indexed | 2024-04-10T13:15:46Z |
| format | Article |
| id | doaj.art-45f150cbcaf940cf91849fa2aa39ff80 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-10T13:15:46Z |
| publishDate | 2022-11-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-45f150cbcaf940cf91849fa2aa39ff802023-02-15T16:12:23ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532022-11-0112610.32479/ijeep.12811The Asymmetric Impact of COVID-19 Pandemic on the Crude Oil-stock Markets Nexus in KSA: Evidence from a NARDL ModelZouheyr Gheraia0Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia. This paper estimates the asymmetric relationship between the crude oil market, stock market and COVID-19 pandemic in the case of KSA during the period of 15/03/2020 to 03/02/2021. Nonlinear and long-run asymmetric cointegration were utilized for comprehensive research on this topic. Our findings are as follows: positive and negative shocks to the COVID-19 pandemic reduce stock market. Moreover, positive shock to crude oil market increases stock market, but negative shock has a negative and insignificant effect. Based on the results, this study concludes with suitable policy prescription. https://econjournals.com/index.php/ijeep/article/view/12811COVID-19 pandemic, Crude oil, Stock markets, NARDL model, the asymmetric |
| spellingShingle | Zouheyr Gheraia The Asymmetric Impact of COVID-19 Pandemic on the Crude Oil-stock Markets Nexus in KSA: Evidence from a NARDL Model International Journal of Energy Economics and Policy COVID-19 pandemic, Crude oil, Stock markets, NARDL model, the asymmetric |
| title | The Asymmetric Impact of COVID-19 Pandemic on the Crude Oil-stock Markets Nexus in KSA: Evidence from a NARDL Model |
| title_full | The Asymmetric Impact of COVID-19 Pandemic on the Crude Oil-stock Markets Nexus in KSA: Evidence from a NARDL Model |
| title_fullStr | The Asymmetric Impact of COVID-19 Pandemic on the Crude Oil-stock Markets Nexus in KSA: Evidence from a NARDL Model |
| title_full_unstemmed | The Asymmetric Impact of COVID-19 Pandemic on the Crude Oil-stock Markets Nexus in KSA: Evidence from a NARDL Model |
| title_short | The Asymmetric Impact of COVID-19 Pandemic on the Crude Oil-stock Markets Nexus in KSA: Evidence from a NARDL Model |
| title_sort | asymmetric impact of covid 19 pandemic on the crude oil stock markets nexus in ksa evidence from a nardl model |
| topic | COVID-19 pandemic, Crude oil, Stock markets, NARDL model, the asymmetric |
| url | https://econjournals.com/index.php/ijeep/article/view/12811 |
| work_keys_str_mv | AT zouheyrgheraia theasymmetricimpactofcovid19pandemiconthecrudeoilstockmarketsnexusinksaevidencefromanardlmodel AT zouheyrgheraia asymmetricimpactofcovid19pandemiconthecrudeoilstockmarketsnexusinksaevidencefromanardlmodel |