Oil Sector Spillover Effects to the Kuwait Stock Market under Uncertainty

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Yousef M. Abdulrazaq
Shekar Shetty

Abstract

The purpose of this paper is to identify the connection between oil prices and the performance of oil and gas, industry and services sectors. The paper is supported by the granger causality and Engle and Granger cointegration tests. The research findings do not support a long-run association between Brent oil prices excluding the case of the Oil and Gas sector index; however, short-run dynamics were recognized. There is no unidirectional causality found in any case. The outcomes of the GARCH model show stable results for all three sectors.

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Section

Research Paper/Theoretical Paper/Review Paper/Short Communication Paper

How to Cite

Abdulrazaq, Y. M., & Shetty, S. (2020). Oil Sector Spillover Effects to the Kuwait Stock Market under Uncertainty. International Journal of Accounting & Finance Review, 5(1), 32-41. https://doi.org/10.46281/ijafr.v5i1.490

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