How Differently Does Oil Price Influence BRICS Stock Markets?

Selmi, Refk; Bouoiyour,; Jamal,

doi:10.11130/jei.2016.31.3.547

Cited by 24 publications

(11 citation statements)

References 25 publications

(20 reference statements)

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“…In summary, the results confirm that the stock volatility response to the different aggregated oil shocks proxies vary across BRICS member countries. These heterogenous responses across the countries could further be attributed to the differences in their oil dependence profile, market share distribution across firms, financial system efficiency and the effectiveness of regulation in securities markets as observed in Bouoiyour & Selmi (2016).…”

Section:    mentioning

confidence: 99%

Oil shocks and stock market volatility of the BRICS: A GARCH-MIDAS approach

Salisu

Gupta

2021

Global Finance Journal

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In this study, we employ the GARCH-MIDAS model to investigate the response of stock market volatility of the BRICS to oil shocks. We utilize the recent datasets of Baumeister & Hamilton (2019) where oil shocks are decomposed into four variants -oil supply shocks, economic activity shocks, oil consumption shocks, and oil inventory shocks. We further decomposed each of these shocks into positive and negative shocks, and our findings show heterogeneous response of stock market volatility of the BRICS countries to the alternative oil shocks including the positive and negative shocks. The differing responses across the BRICS countries could be attributed to the difference in the economic size, oil production and consumption profile, market share distribution across firms, as well as financial system and regulation efficiency.

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Section:    mentioning

confidence: 99%

Oil shocks and stock market volatility of the BRICS: A GARCH-MIDAS approach

Salisu

Gupta

2021

Global Finance Journal

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“…Algunos estudios han encontrado una relación negativa entre el precio del petróleo crudo y el desempeño del mercado de valores, otros han encontrado una relación positiva y algunos estudios han mostrado resultados no concluyentes. Sin embargo, una revisión de la literatura ha demostrado que la naturaleza de la economía de un país, la importancia del petróleo en ésta y la naturaleza de los choques petroleros pueden tener un efecto considerable en la interacción entre los precios del petróleo y los rendimientos accionarios, Bouoiyour y Selmi (2016).…”

Section: Estocásticaunclassified

Impact of International Oil Price Volatility on the Main Latin American Stock Markets Returns

Benavides

Martínez²,

Reyes³

2019

EFR

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“…Pakistan has undergone structural adjustments that have had a significant impact on the social lives of the people in the country (Malik, 2014). China has become a central player in the global market economy (Bouoiyour & Selmi, 2016;Wei & Watters, 2016) whereas Pakistan is facing difficulties in fully embracing a market economy through market liberalization (Hartpence, 2011). Media is a venue where modern cultural values like rationality, pluralism, democracy and moderation are promoted and traditional values are being questioned (Firoozi et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

Economic Spheres! Media Framing of CPEC in Pakistan

Manzoor

Yousaf²

2023

JMES

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The China-Pakistan Economic Corridor (CPEC) has gained attention from multiple viewpoints, including the sharing of information at the state level. News outlets, including print, electronic and social media, have extensively covered the CPEC from various angles and with various ideological perspectives. Qualitative and quantitative studies on the treatment of the CPEC in the print media reveal that the CPEC is framed in positive terms and the project is deemed as a game changer and solution to Pakistan’s economic problems. This research study uses qualitative methodology with the dialectical reasoning approach proposed by Fairclough. The study is aimed at critically evaluating the arguments presented in the editorials and opinion columns of the English newspaper Dawn. The study sample comprises all the editorials and opinion columns for the years 2021 and 2022. Dawn produced four editorials and three opinion columns in the two years about CPEC. Analysis of these texts reveals that the authors are challenging the dominant positive discourses on the CPEC. Government and policymakers are criticized for the lack of transparency. CPEC is now not viewed as a game changer and panacea for all problems of Pakistan. The hopes for economic prosperity are waning and the newspaper is arguing for a major shift in the discourse on CPEC. The arguments presented in the texts challenge the win-win narrative.

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How Differently Does Oil Price Influence BRICS Stock Markets?

Cited by 24 publications

References 25 publications

Oil shocks and stock market volatility of the BRICS: A GARCH-MIDAS approach

Oil shocks and stock market volatility of the BRICS: A GARCH-MIDAS approach

Impact of International Oil Price Volatility on the Main Latin American Stock Markets Returns

Economic Spheres! Media Framing of CPEC in Pakistan

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