Ajmi, Ahdi Noomen; El-montasser, Ghassen; Hammoudeh, Shawkat - In: Applied Economics 46 (2014) 18, pp. 2167-2177
This article investigates the potential of nonlinear causal relationships between world oil prices and stock markets in Middle East and North Africa (MENA) countries during a black swan period that is characterized by rarity and devastating impacts. Our study is carried out using the daily data...