{"id":"https://openalex.org/W4387652124","doi":"https://doi.org/10.1002/ijfe.2894","title":"The pass\u2010through effects of oil price shocks on sovereign credit risks of GCC countries: Evidence from the TVP\u2010SVAR\u2010SV framework","display_name":"The pass\u2010through effects of oil price shocks on sovereign credit risks of GCC countries: Evidence from the TVP\u2010SVAR\u2010SV framework","publication_year":2023,"publication_date":"2023-10-15","ids":{"openalex":"https://openalex.org/W4387652124","doi":"https://doi.org/10.1002/ijfe.2894"},"language":"en","primary_location":{"id":"doi:10.1002/ijfe.2894","doi":"https://doi.org/10.1002/ijfe.2894","is_oa":true,"landing_page_url":"https://doi.org/10.1002/ijfe.2894","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/ijfe.2894","source":{"id":"https://openalex.org/S146099957","display_name":"International Journal of Finance & Economics","issn_l":"1076-9307","issn":["1076-9307","1099-1158"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Finance & Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/ijfe.2894","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058490662","display_name":"Aktham Maghyereh","orcid":"https://orcid.org/0000-0002-6907-2622","observed_orcids":["https://orcid.org/0000-0002-6907-2622"]},"institutions":[{"id":"https://openalex.org/I201726411","display_name":"United Arab Emirates University","ror":"https://ror.org/01km6p862","country_code":"AE","type":"education","lineage":["https://openalex.org/I201726411"]}],"countries":["AE"],"is_corresponding":true,"raw_author_name":"Aktham Maghyereh","raw_affiliation_strings":["Department of Accounting and Finance, United Arab Emirates University, Al Ain, United Arab Emirates"],"raw_orcid":"https://orcid.org/0000-0002-6907-2622","affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, United Arab Emirates University, Al Ain, United Arab Emirates","institution_ids":["https://openalex.org/I201726411"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5053737675","display_name":"Salem Adel Ziadat","orcid":"https://orcid.org/0000-0001-8757-3861","observed_orcids":["https://orcid.org/0000-0001-8757-3861"]},"institutions":[{"id":"https://openalex.org/I104941359","display_name":"Al-Ahliyya Amman University","ror":"https://ror.org/00xddhq60","country_code":"JO","type":"education","lineage":["https://openalex.org/I104941359"]},{"id":"https://openalex.org/I12093191","display_name":"University of Stirling","ror":"https://ror.org/045wgfr59","country_code":"GB","type":"education","lineage":["https://openalex.org/I12093191"]}],"countries":["GB","JO"],"is_corresponding":false,"raw_author_name":"Salem Adel Ziadat","raw_affiliation_strings":["Division of Accounting and Finance, University of Stirling, Stirling, UK","Faculty of Business, Al-Ahliyya Amman University Jordan, Amman, Jordan"],"raw_orcid":"https://orcid.org/0000-0001-8757-3861","affiliations":[{"raw_affiliation_string":"Division of Accounting and Finance, University of Stirling, Stirling, UK","institution_ids":["https://openalex.org/I12093191"]},{"raw_affiliation_string":"Faculty of Business, Al-Ahliyya Amman University Jordan, Amman, Jordan","institution_ids":["https://openalex.org/I104941359"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5108957886","display_name":"Abdel Razzaq Al Rababa\u2019a","orcid":"https://orcid.org/0000-0003-1247-0897","observed_orcids":["https://orcid.org/0000-0003-1247-0897"]},"institutions":[{"id":"https://openalex.org/I85507684","display_name":"Yarmouk University","ror":"https://ror.org/004mbaj56","country_code":"JO","type":"education","lineage":["https://openalex.org/I85507684"]}],"countries":["JO"],"is_corresponding":false,"raw_author_name":"Abdel Razzaq A. Al Rababa'a","raw_affiliation_strings":["Faculty of Economics and Administrative Sciences, Yarmouk University, Irbid, Jordan"],"raw_orcid":"https://orcid.org/0000-0003-1247-0897","affiliations":[{"raw_affiliation_string":"Faculty of Economics and Administrative Sciences, Yarmouk University, Irbid, Jordan","institution_ids":["https://openalex.org/I85507684"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5058490662"],"corresponding_institution_ids":["https://openalex.org/I201726411"],"apc_list":{"value":3090,"currency":"USD","value_usd":3090},"apc_paid":{"value":3090,"currency":"USD","value_usd":3090},"fwci":2.9274,"has_fulltext":true,"cited_by_count":17,"citation_normalized_percentile":{"value":0.91216298,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":99},"biblio":{"volume":"29","issue":"4","first_page":"4681","last_page":"4703"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.0024999999441206455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0015999999595806003,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/oil-price-shocks","display_name":"oil price shocks","score":0.9980000257492065},{"id":"https://openalex.org/keywords/sovereign-risk","display_name":"sovereign risk","score":0.9480000138282776},{"id":"https://openalex.org/keywords/credit-default-swap-spreads","display_name":"credit default swap spreads","score":0.9760000109672546},{"id":"https://openalex.org/keywords/gulf-cooperation-council","display_name":"Gulf Cooperation Council","score":0.7039999961853027},{"id":"https://openalex.org/keywords/oil-supply-shocks","display_name":"oil supply shocks","score":0.9330000281333923},{"id":"https://openalex.org/keywords/oil-demand-shocks","display_name":"oil demand shocks","score":0.7979999780654907},{"id":"https://openalex.org/keywords/aggregate-demand-shocks","display_name":"aggregate demand shocks","score":0.8669999837875366},{"id":"https://openalex.org/keywords/covid-19","display_name":"COVID-19 pandemic","score":0.8130000233650208},{"id":"https://openalex.org/keywords/portfolio-rebalancing","display_name":"portfolio rebalancing","score":0.722000002861023},{"id":"https://openalex.org/keywords/bahrain","display_name":"Bahrain","score":0.6079999804496765},{"id":"https://openalex.org/keywords/saudi-arabia","display_name":"Saudi Arabia","score":0.9760000109672546},{"id":"https://openalex.org/keywords/qatar","display_name":"Qatar","score":0.8970000147819519},{"id":"https://openalex.org/keywords/united-arab-emirates","display_name":"United Arab Emirates","score":0.9430000185966492}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6860782504081726},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6437727212905884},{"id":"https://openalex.org/C30589699","wikidata":"https://www.wikidata.org/wiki/Q624028","display_name":"Credit default swap","level":3,"score":0.5376116037368774},{"id":"https://openalex.org/C2984556133","wikidata":"https://www.wikidata.org/wiki/Q297279","display_name":"Oil price","level":2,"score":0.5362151861190796},{"id":"https://openalex.org/C159877910","wikidata":"https://www.wikidata.org/wiki/Q2202883","display_name":"Autoregressive model","level":2,"score":0.46696001291275024},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.43123728036880493},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.41507551074028015},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4030112624168396},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.2562137842178345},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13743263483047485}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/ijfe.2894","doi":"https://doi.org/10.1002/ijfe.2894","is_oa":true,"landing_page_url":"https://doi.org/10.1002/ijfe.2894","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/ijfe.2894","source":{"id":"https://openalex.org/S146099957","display_name":"International Journal of Finance & Economics","issn_l":"1076-9307","issn":["1076-9307","1099-1158"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Finance & Economics","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1002/ijfe.2894","doi":"https://doi.org/10.1002/ijfe.2894","is_oa":true,"landing_page_url":"https://doi.org/10.1002/ijfe.2894","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/ijfe.2894","source":{"id":"https://openalex.org/S146099957","display_name":"International Journal of Finance & Economics","issn_l":"1076-9307","issn":["1076-9307","1099-1158"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Finance & Economics","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4387652124.pdf","grobid_xml":"https://content.openalex.org/works/W4387652124.grobid-xml"},"referenced_works_count":103,"referenced_works":["https://openalex.org/W1486157729","https://openalex.org/W1551238045","https://openalex.org/W1843696933","https://openalex.org/W1966017674","https://openalex.org/W1973809982","https://openalex.org/W1989613822","https://openalex.org/W1990431794","https://openalex.org/W1991823767","https://openalex.org/W1994781593","https://openalex.org/W2005839013","https://openalex.org/W2020340772","https://openalex.org/W2022921407","https://openalex.org/W2042883439","https://openalex.org/W2045564168","https://openalex.org/W2047575769","https://openalex.org/W2048802439","https://openalex.org/W2049108320","https://openalex.org/W2049912173","https://openalex.org/W2051074140","https://openalex.org/W2052775749","https://openalex.org/W2053615472","https://openalex.org/W2067094520","https://openalex.org/W2067622202","https://openalex.org/W2097241502","https://openalex.org/W2098052145","https://openalex.org/W2112606765","https://openalex.org/W2113422836","https://openalex.org/W2113983529","https://openalex.org/W2125116015","https://openalex.org/W2126438535","https://openalex.org/W2126812464","https://openalex.org/W2127297724","https://openalex.org/W2133797238","https://openalex.org/W2138107423","https://openalex.org/W2156582424","https://openalex.org/W2157322321","https://openalex.org/W2161441421","https://openalex.org/W2241437136","https://openalex.org/W2255797914","https://openalex.org/W2321750104","https://openalex.org/W2467905950","https://openalex.org/W2515155285","https://openalex.org/W2525691608","https://openalex.org/W2547401940","https://openalex.org/W2583749855","https://openalex.org/W2763758851","https://openalex.org/W2775632062","https://openalex.org/W2789457967","https://openalex.org/W2791246352","https://openalex.org/W2793422369","https://openalex.org/W2793546469","https://openalex.org/W2802731621","https://openalex.org/W2803546897","https://openalex.org/W2811109164","https://openalex.org/W2890067203","https://openalex.org/W2917994771","https://openalex.org/W2946737604","https://openalex.org/W2956061677","https://openalex.org/W2983367855","https://openalex.org/W2998205181","https://openalex.org/W3008186897","https://openalex.org/W3014576994","https://openalex.org/W3021687907","https://openalex.org/W3041569463","https://openalex.org/W3047671468","https://openalex.org/W3085208017","https://openalex.org/W3087553684","https://openalex.org/W3113197935","https://openalex.org/W3121328583","https://openalex.org/W3121421445","https://openalex.org/W3121601268","https://openalex.org/W3121689964","https://openalex.org/W3121943714","https://openalex.org/W3122037299","https://openalex.org/W3122460317","https://openalex.org/W3122904576","https://openalex.org/W3122918993","https://openalex.org/W3123657183","https://openalex.org/W3124364343","https://openalex.org/W3124444187","https://openalex.org/W3124541018","https://openalex.org/W3125290259","https://openalex.org/W3132602335","https://openalex.org/W3152442885","https://openalex.org/W3160116075","https://openalex.org/W3160793038","https://openalex.org/W3194429596","https://openalex.org/W3195281215","https://openalex.org/W3207046001","https://openalex.org/W3217576958","https://openalex.org/W4205992623","https://openalex.org/W4214541764","https://openalex.org/W4229452127","https://openalex.org/W4281962962","https://openalex.org/W4283574815","https://openalex.org/W4283809178","https://openalex.org/W4291238147","https://openalex.org/W4296799795","https://openalex.org/W4321506169","https://openalex.org/W4323543857","https://openalex.org/W4363652103","https://openalex.org/W4375851405","https://openalex.org/W4379614972"],"related_works":["https://openalex.org/W4392194499","https://openalex.org/W4386111998","https://openalex.org/W4380592325","https://openalex.org/W3014576994","https://openalex.org/W7170156190","https://openalex.org/W4404979370","https://openalex.org/W4291238147","https://openalex.org/W2766435124","https://openalex.org/W3122604902","https://openalex.org/W4399116664"],"abstract_inverted_index":{"Abstract":[0],"We":[1],"implement":[2],"a":[3,89,119,142,177,190],"two\u2010stage":[4],"methodology":[5],"based":[6],"on":[7,29,234],"the":[8,20,49,67,79,84,92,101,104,112,124,136,146,153,159,162,167,173,181,203,213,218,222,228,235],"structural":[9,63],"vector":[10,15],"autoregressive":[11,16],"and":[12,69,99,108,129,148,158,199,221,240,251],"time\u2010varying":[13,21,60],"parameter":[14],"models":[17],"to":[18,54,62,117,123,152,195,247],"examine":[19],"effect":[22],"of":[23,26,95,185,227],"distinct":[24],"types":[25],"oil\u2010price":[27],"shocks":[28,65,97,127,133,156],"sovereign":[30],"credit":[31,35],"risks":[32],"measured":[33],"by":[34],"default":[36],"swap":[37],"(CDS)":[38],"spreads":[39,151],"in":[40,66,75,83,91,100,202,212,249],"Gulf":[41,237],"Cooperation":[42],"Council":[43],"countries.":[44],"Using":[45],"monthly":[46],"data":[47],"for":[48,169],"period":[50,82],"from":[51,145],"May":[52],"2011":[53],"February":[55],"2022,":[56],"our":[57],"results":[58,206],"show":[59],"responses":[61,76],"oil":[64,96,106,125,130,219],"short\u2010":[68,198],"medium\u2010run":[70],"periods,":[71],"with":[72],"more":[73,209],"fluctuations":[74],"detected":[77],"over":[78,161,180],"full":[80,163],"sample":[81,164],"former.":[85],"Overall,":[86],"we":[87,140,175],"detect":[88,176],"break":[90],"contagious":[93],"impacts":[94],"during":[98],"aftermath":[102],"of,":[103],"2014\u20132015":[105],"crisis":[107],"COVID\u201019":[109],"crisis.":[110],"Specifically,":[111],"Bahraini":[113],"market":[114,238],"is":[115],"found":[116],"exhibit":[118],"positive":[120,178],"(negative)":[121],"reaction":[122],"supply":[126],"(OS)":[128],"market\u2010specific":[131],"demand":[132,155],"(OSD)":[134],"throughout":[135],"pandemic":[137],"period.":[138],"Furthermore,":[139],"uncover":[141],"transient":[143],"response":[144],"Saudi":[147,252],"Qatari":[149],"CDS":[150,214],"aggregate":[154],"(ADS)":[157],"OSD":[160,186],"period,":[165],"indicating":[166],"need":[168],"portfolio":[170],"rebalancing.":[171],"In":[172],"UAE,":[174],"impact":[179],"three":[182],"sampled":[183],"years":[184],"since":[187],"2011.":[188],"Moreover,":[189],"notable":[191],"decoupling":[192],"pattern":[193],"continues":[194],"appear":[196],"between":[197],"medium\u2010term":[200],"innovations":[201],"ADS.":[204],"Our":[205],"suggest":[207],"adopting":[208],"conservative":[210],"trading":[211,229],"markets":[215],"while":[216],"understanding":[217],"price":[220],"economic":[223],"state.":[224],"The":[225],"complexity":[226],"strategy":[230],"should":[231],"also":[232],"depend":[233],"target":[236],"itself":[239],"that":[241],"seems":[242],"essential":[243],"when":[244],"it":[245],"comes":[246],"investing":[248],"Qatar":[250],"Arabia.":[253]},"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":4}],"updated_date":"2026-11-12T12:28:57.059296","created_date":"2023-10-16T00:00:00"}