The Impact of Inflation on the Performance of Stock Markets in the Gulf Cooperation Council Countries
Vol. 3 No. 6 (2024), Articles
Vol. 3 No. 6 (2024)

The Impact of Inflation on the Performance of Stock Markets in the Gulf Cooperation Council Countries

Articles
https://doi.org/10.62754/joe.v3i6.4005
Published 2024-09-10
Ismail Bengana
Department of Quantitative Methods, College of Business, King Faisal University, Saudi Arabia, Department of economic sciences, College of Business and Economics, Ouargla University, Algeria
Khaled Mili
Department of Quantitative Methods, College of Business, King Faisal University, Saudi Arabia
Abdullah Hamoud Alnefaie
Department of Quantitative Methods, College of Business, King Faisal University, Saudi Arabia
Nourredine Khababa
Department of Finance, College of Business, King Faisal University, Saudi Arabia
Labidi Mehaouat
Department of Accounting, College of Business, Hafar Al-Batin University, Saudi Arabia
Zakaria khedir
Department of economic sciences, College of Business and Economics, Ouargla University, Algeria
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Keywords

Market return index
Co-integration
Inflation
ARDL
Financial sector performance
PANEL data

How to Cite

Bengana, I. ., Mili, K. ., Alnefaie, A. H. ., Khababa , N. ., Mehaouat, L. ., & khedir , Z. . (2024). The Impact of Inflation on the Performance of Stock Markets in the Gulf Cooperation Council Countries. Journal of Ecohumanism, 3(6), 347–354. https://doi.org/10.62754/joe.v3i6.4005
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Abstract

This study explores the interplay between inflation and stock markets in Gulf Cooperation Council (GCC) countries from the 1990s to the early 21st century. Utilizing a PANEL time series model and Autoregressive Distributed Lag (ARDL) approach, we focus on the financial sector, emphasizing stock market performance. Our analysis of annual data reveals a significant, long-term impact of inflation on GCC stock markets, emphasizing a reciprocal relationship. We observe stability in this impact and identify potential variations among GCC countries. The study contributes valuable insights into the economic dynamics of the GCC region, with implications for investors, policymakers, and researchers navigating the intricate connection between inflation and stock market behavior.

https://doi.org/10.62754/joe.v3i6.4005
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