Examining the impact of oil price fluctuations on the development of the transport industry: macroeconomic determinants in GCC countries

The sample nations are particularly relevant since they exhibit a wide range of growth rates, significant financial system features, and stock market development. Not in terms profits to investors (beyond the scope our study), but rather compared size these economies capital expenditure fund demands those nations, research examines expansion equities analyzes its international economic impact. To knowledge, no systematic comparison Arab markets many systems East Asian Pacific region or seven major Western has ever been carried out. In addition, there real-world instances benefits output for development nations. While we survey literature on 11 states, including Bahrain, Saudi Arabia, Tunisia, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, data analysis study zeroes down only KSA. uses an econometric method that covers 10 years (from 2008 2018) analyze effects oil prices, currency performance Arabia.