The Asymmetric Impact of COVID-19 Pandemic on the Crude Oil-stock Markets Nexus in KSA: Evidence from a NARDL Model

Authors

  • Zouheyr Gheraia Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia.

DOI:

https://doi.org/10.32479/ijeep.12811

Keywords:

COVID-19 pandemic, Crude oil, Stock markets, NARDL model, the asymmetric

Abstract

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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Published

2022-11-28

How to Cite

Gheraia, Z. (2022). 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, 12(6), 137–145. https://doi.org/10.32479/ijeep.12811

Issue

Vol. 12 No. 6 (2022)

Section

Articles

License

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