Examining the Impact of Oil Prices on the Gulf Stock Exchange: A System GMM Approach

Oil is a critical macroeconomic component of the global economy. This hardly surprising, given that crude oil market largest commodity. price swings may reflect or even foretell changes in political and economic stability oil-exporting oil-importing countries. study examined impact prices on Gulf country stock markets using data from 2010 to 2020. The applied System Generalized Method Moment estimation approach. results indicate are sensitive their positive. Similarly, activities interest rates show positive prices. However, index insensitive inflation. Furthermore, depends its own lag. recommends Cooperation Council countries diversify economies for financial stability, rather than relying solely natural resources.