Arbeitspapier
The Impact of Business and Political News on the GCC Stock Markets
This paper investigates the impact of business and political news on stock market returns in the Gulf Cooperation Council (GCC) countries. For this purpose, it employs a Markov switching model including a separate index for each of the two categories of news considered. The results indicate the importance of news as drivers of GCC stock returns, with business news playing a more substantial role; further, news released in the largest financial markets in the regions are found to have significant cross-border effects.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 7353
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Financial Aspects of Economic Integration
International Financial Markets
- Thema
-
business news
GCC countries
Markov switching model
political news
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Al-Maadid, Alanoud
Caporale, Guglielmo Maria
Spagnolo, Fabio
Spagnolo, Nicola
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Al-Maadid, Alanoud
- Caporale, Guglielmo Maria
- Spagnolo, Fabio
- Spagnolo, Nicola
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2018
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