The Impact of pandemic and Economic Regularity on the GCC Financial Market

الموضوعات

اقتصاد

الملخص

This research investigates the Impact of COVID-19 on the GCC index, exchange, and oil return. It compares it with the outcomes of structural changes in the GCC economy: corporate tax and the Goods and Services Tax (VAT) implementation. Event study (constant return Model) and standard Vector Auto-regression show the Impact of COVID-19 on these three variables compared to that of corporate tax and the VAT. Using daily index return, oil price, and exchange. Saudi Arabia's data is from Oct 21, 1998, to Feb 10, 2022. United Arab Emirates data is from Aug 29, 2005, to Feb 10, 2022. Kuwait data from Dec 1, 2022. Qatar data is from Dec 31, 2001, to Feb 10, 2022.Oman data is from Dec 22, 2000, to Feb 10, 2022. Bahrain data is from Jun 1, 2014, to Feb 10,2022. Corporate tax has a short-term impact on the index return of UAE and Oman, and it has a short-term effect on the oil return of UAE and Qatar. While in the long term, the impact affects the oil return of SA and UAE. VAT has a short-term impact on the index return of SA and Oman, and it has a short-term effect on the oil return of Bahrain. Although, in the long term, the impact is just affected the oil return of Bahrain.COVID-19 has a short-term impact on the index return of SA, and it has a short-term effect on the exchange return of SA, UAE, Kuwait, Qatar, and Oman. Although, COVID-19 has no long-term impact on GCC Variables. In addition, VAT and corporate tax have more Impact than COVID-19 on the long-term GCC oil return. Moreover, VAT, corporate tax, and COVID-19 have no impact on the long-term index return and exchange return. This study provides new insight into the financial market during external events which may have a direct or indirect effect. In addition, it gives a brief picture of the impact of new economic policies and pandemics on the GCC, the GCC index, exchange, and oil return by using Event Study (constant return Model) for short-term estimation and standard Vector Auto-regression for long term estimation.

روابط وملفات

التعريف والنوع

رقم الوثيقة

04a36661-9f79-42cf-88c1-209aeabb9a9b

رقم العقد

0

نوع الوسائط

Crawler

نوع المحتوى

الرسائل العلمية

صيغة المصدر

رسائل ماجيستير

نوع الملف

pdf text

أسماء الملفات

2293310_1.pdf

بيانات النشر

ترجمة العنوان

ثأير الجائحة والأنظمة الإقتصادية على الأسواق المالية الخليجية

ألقاب المؤلفين

[{"name_ar":"Ahlam Khalid Alalami","title_ar":"اعداد","title_en":"Preparation"},{"name_ar":"Mohamed Mahees","title_ar":"اشراف","title_en":"Supervision"}]

اللغة

English

المصدر والدورية

اسم المصدر

The Impact of pandemic and Economic Regularity on the GCC Financial Market

المحتوى والصفحات

عدد الصفحات

0

كلمات الباحثين

Event Study, Constant Return Model, Vector Auto-regression, Corporate Tax, COVID-19, VAT

إشراف وإعداد

الإشراف

Mohamed Mahees

الإعداد

Ahlam Khalid Alalami

الاقتباسات الببليوغرافية