Shawkat Hammoudeh

Professor Hammoudeh received his PhD from University of Kansas. His research interests include energy economics, natural resource economics and financial economics.

Areas of Expertise

  • Agricultural and Natural Resource Economics
  • Applied Econometrics
  • BRICS Financial Markets
  • Energy Economics
  • Eurozone Equity Markets
  • Financial Economics
  • Financial Economics, natural resources and environmental economics
  • International Economics
  • Islamic Finance
  • Natural Resource Economics

Selected Works

Articles

Hammoudeh, Shawkat, Impact of Macroeconomic Factors and Country Risk Ratings on GCC Stock Markets: Evidence from a Dynamic Panel Threshold Model with Regime Switching. Applied Economics (Forthcoming)

Hammoudeh, Shawkat, Mensi, W., Sang, S-H., and Nguyen, D. K, Dynamic Global Linkages of the BRICS Stock Markets with the U.S. and Europe under External Crisis Shocks: Implications for Portfolio risk Forecasting. World Economy (Forthcoming)

Hammoudeh, Shawkat, Hkiri, B., and Aloui, C., Strength of co-movement between sector CDS indexes and relationship with major economic and financial variables over time and during investment horizons. Applied Economics (May 2016):

Hammoudeh, Shawkat, Naifar, N., and Al Dohaiman, M., Dependence Structure between Sukuk (Islamic Bonds) and Stock market Conditions: An Empirical Analysis with Archimedean Copulas. Journal of International Financial Markets, Institutions and Money (May 2016):

Hammoudeh, Shawkat, Khalifa, A., Otranto, E., and Ramchander, S., Volatility transmission across currencies and commodities with US uncertainty measures. North American Journal of Economics and Finance (Mar 2016):

Hammoudeh, Shawkat, Mensi, W., and Kang, H. S., Precious Metals, Cereal, Oil and Stock Market Linkages and Portfolio Risk Management: Evidence from Saudi Arabia. Economic Modelling (Aug 2015):

Hammoudeh, Shawkat, Sarafrazi, S., and Balcilar, M., Interactions between Real Economic and Financial sides in the U.S. Economy in a Regime-Switching Environment. Applied Economics (Forthcoming)

Hammoudeh, Shawkat, Nguyen, D. K., and Sousa, R. M., US monetary policy and sectoral commodity prices. Journal of International Money and Finance (Jun 2015):

Hammoudeh, Shawkat, Ajmi, A. N., Nguyen, D. K, and Khalifa, A, Causality across international equity and commodity markets: When asymmetry and nonlinearity matter. Applied Financial Letters (Forthcoming)

Hammoudeh, Shawkat, Eye, G., Gupta, R., and Kim, W. J., Forecasting the price of gold using dynamic model averaging. International Review of Financial Analysis (Forthcoming)

Hammoudeh, Shawkat, Balcilar, M., and Asaba, N-A. F., A regime-dependent assessment of the information transmission dynamics between oil prices, precious metal prices and exchange rate. International Review of Economics and Finance (Feb 2015):

Hammoudeh, Shawkat, Balcilar, M., and Gungor, H., The time-varying causality between spot and futures crude oil prices: A regime switching approach. International Review of Economics and Finance (Forthcoming)

Hammoudeh, Shawkat, and MeAleer, M., Advances in financial risk management and economic policy uncertainty: An overview. International Review of Economics and Finance (Forthcoming)

Hammoudeh, Shawkat, Sarafrazi, S., and Kim, W. J., Sources of Fluctuations in Islamic, U.S., EU and Asia Equity Markets: The Roles of Economic Uncertainty, Interest Rates. Emerging Markets Finance and Trade. (Forthcoming)

Hammoudeh, Shawkat, Otrano, E, and Khalifa, A, Extracting portfolio management strategies from volatility transmission models in regime-changing environments: Evidence from GCC and global markets. Economic Modeling (Forthcoming)

Hammoudeh, Shawkat, Gupta, Rangan, and Kim, Won Joong, Forecasting China’s Foreign Exchange Reserves Using Dynamic Model Averaging: The Role of Macroeconomic Fundamentals, Financial Stress and Economic Uncertainty. North American Journal of Economics and Finance (Feb 2014):

Hammoudeh, Shawkat, Balcilar, Mehmet, and Demirer, Riza, What Drives Herding in Oil-Rich, Developing Stock Markets? Relative Roles of Own Volatility and Global Factors. North American Journal of Economics and Finance (Forthcoming)

Hammoudeh, Shawkat, and Li, Huimin, Oil Sensitivity and Systematic Risk in Oil-Sensitive Stock Markets. Journal of Economics and Business 57 (Forthcoming) 1-21.

Covarrabias, G., Ewing, B., and Hammoudeh, Shawkat, Volatility of the UK Basis: Persistence and Sudden Changes. Finance Letters (Forthcoming)

Hammoudeh, Shawkat, and Li, Huimin, Risk Return Relationships in Oil-Sensitive Stock Markets. Finance Letters (Forthcoming)

Aleisa, E., Dibooglu, S., and Hammoudeh, Shawkat, Relationships Among US Oil Prices and Oil Industry Equity Indices. International Review of Economics and Finance 13 (Fall 2004): 427-453.

Hammoudeh, Shawkat, Jeon, Bang Nam, and Li, Huimin, Causality and Volatility Spillovers Among Petroleum Prices of WTI, Gasoline and Heating Oil in Different Locations. North American Journal of Economics and Finance 14 (Forthcoming) 89-114.

Hammoudeh, Shawkat, and Tang, Linghui, An Empirical Exploration of World Oil Price Under the Target Zone Model. Energy Economics 24 (Forthcoming) 525-649.

Hammoudeh, Shawkat, Oil Target Zones, Mean Reversion and Zone Readjustments. Southern Economic Journal 62 (Forthcoming)

Hammoudeh, Shawkat, and Madan, Vibhas, Escaping the Tolerance Trap: Implications of Rigidity in OPEC’s Quantity Adjustment Mechanism. Energy Economics 16 (Forthcoming) 3-8.

Ayyash, Salman, and Hammoudeh, Shawkat, Economic Analysis for Energy Management for Cooling Systems in Kuwait. Energy 10 (Forthcoming)

Eleisa, E., and Hammoudeh, Shawkat, Dynamic Relationships Among GCC Stock Markets and NYMEX Oil Futures. Contemporary Economic Policy 22 (Forthcoming) 250-269.

Hammoudeh, Shawkat, and Li, Huimin, The Impact of the Asian Crisis on the Behavior of US and International Petroleum Prices. Energy Economics 26 (Forthcoming) 135-160.

Hammoudeh, Shawkat, and Madan, Vibhas, The Dynamic Stability of OPEC’s Oil Pricing Mechanism. Energy Economics 14 (Forthcoming) 66-71.

Ayyash, Salman, and Hammoudeh, Shawkat, Optimal Allocation of Pure Photovoltaic and Conventional Electricity Supplied to a Constant Demand Load. Energy Journal 10 (Forthcoming)

Hammoudeh, Shawkat, and Naifar, N., Do global financial distress and uncertainties impact GCC and global sukuk return dynamics?. Pacific-Basin Finance Journal 39 (May 2016): 57&#-775232;69.

Hammoudeh, Shawkat, Lahiani, A., and Gupta, R., Linkages between Financial Sector CDS Spreads and Macroeconomic Influence in a Nonlinear Setting. International Review of Economics & Finance 43 (Jan 2016): 443-456.

Hammoudeh, Shawkat, Miah, F, and Khalifa, A, Further Evidence on the Rationality of Interest Rate Expectations: A Comprehensive Study of Developed and Emerging Economies. Economic Modeling 54 (Feb 2016): 574-590.

Hammoudeh, Shawkat, Hernandez, J. A., and Nguyen, D. K, Time Lag Dependence, Cross-correlation and Risk Analysis of US Energy and Non-Energy Stock Portfolios. Journal of Asset Management 16 (Apr 2016): 467&#-775232;483.

Hammoudeh, Shawkat, Risk spillovers across the energy and carbon markets and hedging strategies for carbon risk. Energy Economics 54 (Nov 2015): 159&#-775232;172.

Hammoudeh, Shawkat, Mansi, W., and Yoon, S-M., Asymmetric linkages between BRICS stock returns and country risk ratings: Evidence from dynamic panel threshold models. Review of International Economics 24 (Feb 2016): 1-19.

Hammoudeh, Shawkat, Mwamba, John W. Muteba, and Gupta, R., Financial Tail Risks in Conventional and Islamic Stock Markets: A Comparative Analysis. Pacific-Basin Finance Journal (Jan 2016):

Hammoudeh, Shawkat, and Mensi, W., Global Financial Crisis and Spillover Effects among the U.S. and BRICS Stock Markets. International Review of Economics and Finance 42 (Nov 2015): 257-276.

Hammoudeh, Shawkat, Balcilar, M., and Demirer, R., Global Risk Exposures and Industry Diversification with Shariah-compliant Equity Sectors. Pacific Basin Financial Journal 35 (Nov 2015): 499-520.

Hammoudeh, Shawkat, Khalifa, A, and Caporin, M., Spillovers between Energy and FX Markets: The Importance of Asymmetry, Uncertainty and Business Cycle. Energy Policy 87 (Aug 2015): 72-82.

Hammoudeh, Shawkat, Balcilar, M., and Demirer, D., Regional and Global Spillovers and Diversification Opportunities in the GCC Equity Sectors. Emerging Markets Review 24 (Jul 2015): 160–187.

Hammoudeh, Shawkat, Aloui, R., and Nguyen, D. K, A time-Varying Copula Approach to Oil and Stock Market Dependence: The Case of Transition Economies.. Energy Economics 39 (May 2013): 208-221.

Hammoudeh, Shawkat, Hamida, H. B., and Aloui, C., Price discovery and regime shift behavior in the relationship between sharia stocks and sukuk: A two-state Markov switching analysis. Pacific Basin Financial Journal 34 (Jul 2015): 121-135.

Hammoudeh, Shawkat, Mensi, W., Reboredo, J. C., and Nguyen, D. K, Are Sharia Stocks, Gold and U.S. Treasuries Hedges and Safe Havens for the Oil-Based GCC Markets?. Emerging Markets Review 24 (May 2015): 101-121.

Hammoudeh, Shawkat, Bekiros, S., Hernandez, J. A., and Nguyen, D. K, Multivariate dependence risk and portfolio optimization: An application to mining stock portfolios. Resources Policy 46 (Aug 2015): 1-11.

Hammoudeh, Shawkat, Lahiani, A, Nguyen, D. K, and Sousa, R., An empirical analysis of energy cost pass-through to CO2 emission prices. Energy Eonomics 49 (May 2015): 149–156.

Hammoudeh, Shawkat, Ajmi, A. N., Nguyen, D. K, and Sato, J. R., Energy Economics. On the relationships between CO2 emissions, energy consumption and income: The importance of time variation 49 (Feb 2015): 629–638.

Hammoudeh, Shawkat, Nazlioglu, S., Hammoudeh, S., and Gupta, R., Volatility transmission between Islamic and conventional equity markets: evidence from causality-in-variance test. Applied Economics 47 (Mar 2015): 4996-5011.

Hammoudeh, Shawkat, and Aloui, C., Co-movement between sharia stocks and sukuk in the GCC markets: A time-frequency analysis. Journal of International Financial Markets, Institutions and Money 34 (Jan 2015): 69-79.

Hammoudeh, Shawkat, Gupta, R., Jooste, C., and Balcilar, M., Are there long-run diversification gains from the Dow Jones Islamic finance index?. Applied Economic Letters 22 (Nov 2014): 945-950.

Hammoudeh, Shawkat, and Hamida, Hela B., Global factors driving structural changes in the co-movement between sharia stocks and sukuk in the Gulf Cooperation Council countries. North American Journal of Economics and Finance 31 (Dec 2014): 311–329.

Hammoudeh, Shawkat, Dependence of stock and commodity futures markets in China: Implications for portfolio investment. Emerging Markets Review 21 (Dec 2014): 183–200.

Hammoudeh, Shawkat, Nguyen, D. K, and Sousa, R., What explain the short-term dynamics of the prices of CO2 emissions?. Energy Economics 46 (Nov 2014): 122–135.

Hammoudeh, Shawkat, Mensi, Walid, Reboredo, J.C., and Nguyen, D. K, Dynamic dependence of Global Islamic stock index with global conventional indexes and risk factors. Pacific Basin Financial Journal 30 (Oct 2014): 189-206.

Hammoudeh, Shawkat, Gupta, Rangan, Modise, P., and Nguyen, D. K., Can Economic Uncertainty, Financial Stress and Consumer Sentiments Predict U.S. Equity Premium. Journal of International Financial Markets, Institutions & Money 33 (Sep 2014): 367–378.

Hammoudeh, Shawkat, Nguyen, Duc, and Reboredo, Juan Carlos, Dependence of stock and commodity futures markets in China: Implications for portfolio investment. Emerging Markets Review 21 (Sep 2014): 183–200.

Hammoudeh, Shawkat, Arouri, M. E-H, Jawadi, F., and Nguyen, D. K., Financial linkages between US sector credit default swaps markets. Journal of International Financial Markets, Institutions and Money 33 (Aug 2014): 223–243.

Hammoudeh, Shawkat, and Gupta, R., Detecting predictable non-linear dynamics in Dow Jones Islamic Market and Dow Jones Industrial Average indices using nonparametric regressions. North American Journal of Economics and Finance 29 (Jul 2014): 22–35.

Hammoudeh, Shawkat, Global imbalances and dynamics of international financial markets. North American Journal of Economics and Finance 29 (Jul 2014): 301-305.

Hammoudeh, Shawkat, Nguyen, D. K, and Sousa, R. M., Energy prices and CO2 emission allowance prices: A quantile regression approach. Energy Policy 70 (Apr 2014): 201-206.

Hammoudeh, Shawkat, Mensi, Walid, Reboredo, J.C., and Nguyen, D. K, Do Global Factors Impact BRICS Stock Markets? A Quantile Regression Approach.. Emerging Markets Review 19 (Apr 2014): 1-17.

Hammoudeh, Shawkat, and Gupta, R., Can the Sharia-based Islamic stock market returns be forecasted using large number of predictors and models?. Applied Financial Economics 24 (Jun 2014): 1147-1157.

Hammoudeh, Shawkat, Liu, T., and Santos, P. A., Downside risk and portfolio diversification in the euro-zone equity markets with special consideration of the crisis period. Journal of International Money and Finance 44 (Jun 2014): 47–68.

Hammoudeh, Shawkat, Mensi, Walid, and Nguyen, D. K, Dynamic Spillovers Among Major Energy and Cereal Commodity Prices .. Energy Economics 43 (Apr 2014): 225-243.

Hammoudeh, Shawkat, Kim, W. J., and Choi, K., The Effects of U.S. Macroeconomic Shocks on the International Commodity Prices.. Korea and the World Economy 15 (Apr 2014): 45-85.

Hammoudeh, Shawkat, Aloui, Riadh, Nguyen, D. K, and Aisa, M. S, Dependence and extreme dependence of crude oil and natural gas prices with applications to risk management. Energy Economics 42 (Mar 2014): 332-342.

Hammoudeh, Shawkat, Mensi, Walid, and Yoon, Seong-Min, How do OPEC News and Structural Breaks Impact Returns and Volatility in Crude Oil Markets? Further Evidence from a Long Memory Process. Energy Economics 42 (Mar 2014): 342-354.

Hammoudeh, Shawkat, Mensi, W., Nguyen, D. K, and Yoon, S-M., Dynamic spillovers among major energy and cereal commodity prices. Energy Economics 43 (Mar 2014): 225–243.

Hammoudeh, Shawkat, Mensi, W., and Yoon, S-M., How do OPEC news and structural breaks impact returns and volatility in crude oil markets? Further evidence from a long memory process. Energy Economics 42 (Jan 2014): 343-354.

Hammoudeh, Shawkat, Mensi, Walid, and Yoon, Seong-Min, Structural Breaks and Long Memory in Modeling and Forecasting Volatility of Foreign Exchange Markets of Oil Exporters: The importance of Scheduled and Unscheduled News Announcements. International Review of Economics and Finance 30 (Jan 2014): 101-119.

Hammoudeh, Shawkat, Chkili, W., and Nguyen, D. K, Volatility Forecasting and Risk Management for Commodity Markets in the Presence of Asymmetry and Long Memory. Energy Economics 41 (Jan 2014):

Hammoudeh, Shawkat, Ajmi, A. N., Nguyen, D. K, and Sarafrazi, S., How strong are the causal relationships between Islamic stock markets and conventional financial systems? Evidence from linear and nonlinear tests. Journal of International Financial Markets, Institutions and Money 28 (Jan 2014): 213-227.

Hammoudeh, Shawkat, Khalifa, A, and Otrano, E, Patterns of volatility transmissions within regime switching across GCC and global market. International Review of Economics and Finance 29 (Jan 2014): 512-524.

Hammoudeh, Shawkat, and Liu, T., A Momentum Threshold Model of Stock Prices and Country Risk Ratings: Evidence from BRICS Countries. Journal of International Financial Markets, Institutions & Money 27 (Aug 2013): 99-112.

Hammoudeh, Shawkat, Santos, P. A., and Fraga-Alves, I., High Quantiles Estimation with Quasi-PORT and DPOT: An Application to Value-at-Risk for Financial Variables.. North American Journal of Economics and Finance 26 (Dec 2013): 487-496.

Hammoudeh, Shawkat, On the short- and long-run efficiency of energy and precious metal markets. Enegy Economics 30 (Dec 2013): 832–844.

Hammoudeh, Shawkat, Santos, P. A., and Al-Hassan, A., Downside risk management and VaR-based optimal portfolios for precious metals, oil and stocks. North American Journal of Economics and Finance 25 (Aug 2013): 109-115.

Hammoudeh, Shawkat, Sari, R., Uzunkaya, M., and Liu, T., The Dynamics of BRICS’s Country Risk Ratings and Domestic Stock Markets, U.S. Stock Market and Oil Price. Mathematics and Computers in Simulation 94 (Aug 2013): 277–294.

Hammoudeh, Shawkat, and McAleer, M., Risk management and financial derivatives: An overview. North American Journal of Economics and Finance 25 (Jul 2012): 109–115.

Hammoudeh, Shawkat, Sari, R., Liu, T., and Uzunkaya, M., The dynamics of BRICS’s country risk ratings and domestic stock markets, U.S. stock market and oil price. Mathematics and Computers in Simulation 94 (Jan 2012): 277–294.

Hammoudeh, Shawkat, and Kim, W.J., Impacts of global and domestic shocks on inflation and economic growth for actual and potential GCC member countries. International Review of Economics and Finance 27 (Nov 2012): 298–317.

Hammoudeh, Shawkat, Kim, Won Joong, and Aleisa, E., Synchronization of Economic Shocks between the GCC and U.S., Europe, Japan and oil market and the Choice of Exchange Regime. Contemporary Economic Policy 25 (Apr 2013): 318-334.

Hammoudeh, Shawkat, Sari, Ramazan, and Uzunkaya, Mehmet, The Relationship between Disaggregated Country Risk Ratings and Stock Market Movements: An ARDL Approach. Emerging Markets Finance and Trade 49 (Mar 2013): 5-17.

Hammoudeh, Shawkat, Liu, T., Chan, C-L., and McAleer, M., Risk Spillovers in Oil-Related CDS, Stock and Credit Markets,. Energy Eonomics 36 (Nov 2012): 526–535.

Hammoudeh, Shawkat, Liu, Tengdong, Chang, C-L, and McAleer, Michael, Risk Spillovers in Oil-Related CDS, Stock and Credit Markets. Energy Economics 36 (Mar 2013): 526–535.

Hammoudeh, Shawkat, Balcilar, M., and Demirer, R., Investor Herds and Regime-Switching: Evidence from Gulf Arab Stock Markets. Journal of International Financial Markets, Institutions and Money 23 (Oct 2012): 295–321.

Hammoudeh, Shawkat, Liu, Tengdong, and Bhar, Ramprasand, CDS Spreads and other Gauges of Risk: Did the Great Recession Change Them. Financial Review 48 (Feb 2013): 151–178.

Hammoudeh, Shawkat, Balcilar, Mehmet, and Demirer, Riza, Investor Herds and Regime-Switching: Evidence from Gulf Arab Stock Markets. Journal of International Financial Markets, Instit 23 (Feb 2013): 295-321.

Hammoudeh, Shawkat, Bhar, R., and Liu, T., Relationships between Financial Sectors’ CDS Spreads and other Gauges of Risk: Did the Great Recession Change Them. Financial Review 48 (Jul 2012): 151–178.

Hammoudeh, Shawkat, Chang, C-L, Chen, L-H, and McAleer, Michael, Asymmetric Adjustments in the Ethanol and Grains Markets. Energy Economics 34 (Nov 2012): 1990-2002.

Hammoudeh, Shawkat, Sari, R., Chang, C-L, and McAleer, M., Causality between market liquidity and depth for energy and grains.. Energy Economics 34 (Feb 2012): 1683–1692.

Hammoudeh, Shawkat, Sari, R., Chang, C-L, and McAleer, M., Causality between Market Liquidity and Depth for Energy and Grains. Energy Economics 34 (Sep 2012): 1683-1692.

Hammoudeh, Shawkat, and McAleer, Michael, Risk management and financial derivatives: An overview. North American Journal of Economics and Finance 25 (Aug 2013): 109-115.

Hammoudeh, Shawkat, Arouri, M. E-H, Lahiani, A., and Nguyen, D. K., Long memory and structural breaks in modeling the return and volatility dynamics of precious metals. Quarterly Review of Economics and Finance 52 (May 2012): 207-218.

Hammoudeh, Shawkat, and Chen, L-H, Asymmetric Convergence and Risk Shift in the TED Spread. North American Journal of Economics and Finance 22 (Fall 2011): 277-291.

Hammoudeh, Shawkat, Financial CDS, Stock Market and Interest Rates: Which Drives Which. North American Journal of Economics and Finance 22 (Fall 2011): 257-276.

Hammoudeh, Shawkat, Malik, Farooq, and MeAleer, Michael, Risk Management in Precious Metals. Quarterly Review of Economics and Business 51 (Jul 2011): 435-441.

Hammoudeh, Shawkat, and Bhar, Ramaprasad, Commodities and Financial Variables: Analyzing Relationships in a Changing Regime Environment. International Review of Economics and Finance 20 (Oct 2010): 469-484.

Hammoudeh, Shawkat, Nandha, Mohan, and Yuan, Yuan, Dynamics of CDS Index Spreads of U.S. Financial Sectors. Applied Economics 45 (Winter 2013): 213-223..

Hammoudeh, Shawkat, Bhar, Ramaprasad, and Thompson, Mark, Re-Examining the Dynamic Causal Oil-Macroeconomy Relationship. International Review of Financial Analysis 19 (Fall 2010): 298-305.

Hammoudeh, Shawkat, Chen, L-H, and Fattouh, Bassam, Asymmetric Adjustments in Oil and Metals Markets. Energy Journal 31 (Summer 2010): 187-203.

Hammoudeh, Shawkat, Yuan, Yuan, McAleer, Michael, and Thompson, Mark, Precious Metals-Exchange Rate Volatility Transmissions and Hedging Strategies. International Review of Economics and Finance 20 (Fall 2010): 633-647.

Hammoudeh, Shawkat, Yuan, Yuan, Chiang, Thomas C., and Nandha, Mohan, Symmetric and Asymmetric US Sector Return Volatilities in Presence of Oil, Financial and Economic Risks. Energy Policy 38 (Aug 2010): 3922-3932.

Hammoudeh, Shawkat, and Choi, Kyongwook, Volatility Behavior of Oil, Industrial, Commodity and Stock Markets in a Regime-Switching Environment. Energy Policy 38 (May 2010): 4388-4399.

Hammoudeh, Shawkat, The New Normal in Dubi Now: Survival and Consolidation. Middle East Economic Survey (Mees) 53 (Dec 2009): 23-24.

Hammoudeh, Shawkat, Sari, Ramazan, and Soytas, Ugur, Dynamics of Oil Price, Precious Metal Prices, and Exchange Rate: Are There Relationships. Energy Economics 32 (Aug 2009): 351-362.

Hammoudeh, Shawkat, Sari, Ramazan, and Soytas, Ugur, The oil prices, Precious Metal Prices and Macroeconomy in Turkey. Energy Policy 37 (Summer 2009): 5557-5566.

Hammoudeh, Shawkat, Yuan, Yuan, and McAleer, Michael, Shocks and Volatility Spillovers among Equity Sectors of the Gulf Arab Stock Markets. Quarterly Review of Economics and Finance 49 (Spring 2009): 829-842.

Hammoudeh, Shawkat, Sari, Ramazan, and Ewing, Bradley, Relationships among Strategic Commodities and with Financial Variables: A New Look. Contemporary Economic Policy 27 (Apr 2009): 251-264.

Hammoudeh, Shawkat, and Choi, Kyongwook, Long Memory in Oil and Refined Products Markets. Energy Journal 30 (Apr 2009): 57-76.

Hammoudeh, Shawkat, Bhar, Ram, and Thompson, Mark, Component Structure for Nonstationary Time Series: Application to Benchmark Oil Prices. International Review of Financial Analysis 17 (Dec 2008): 971-983.

Hammoudeh, Shawkat, Thompson, M, and Ewing, B., Threshold Cointegration Analysis of Crude Oil Benchmarks,. Energy Journal 29 (Oct 2008): 79-95.

Hammoudeh, Shawkat, Noncompliance, Shocks and Optimal Policy in OPEC’s Decision Making. Geopolitics of Energy 30 (Aug 2008): 1-20.

Hammoudeh, Shawkat, and Choi, Kyongwook, Characteristic of Permanent and Transitory Returns in Oil-Sensitive Emerging Stock Markets: the Case of the GCC Countries. Journal of International Financial Markets, Institutions and Money 17 (Summer 2007): 231-245.

Hammoudeh, Shawkat, and Yuan, Yuan, Metal Volatility in Presence of Oil and Interest Rate Shocks. Energy Economics 30 (Winter 2008): 606-620.

Hammoudeh, Shawkat, and Li, Huimin, Sudden Changes in Volatility in Emerging. International Review of Financial Analysis 17 (Winter 2008): 47-63.

Hammoudeh, Shawkat, and Malik, F, Shock and Volatility Transmission in the Oil, US and Gulf Equity Markets. International Review of Economics and Finance 16 (Oct 2007): 357-368.

Hammoudeh, Shawkat, and Nandha, Mohan, Systematic Risk, and Oil Price and Exchange Rate Sensitivities in Asia-Pacific Stock Markets. Research in International Business and Finance 21 (Spring 2007): 326-341.

Hammoudeh, Shawkat, and AlGudhea, Salim, Return, Risk and Global Factors in Saudi Equity Sectors. Journal of Emerging Markets 10 (Fall 2006): 55-64.

Hammoudeh, Shawkat, Thompson, Mark, and Ewing, Bradley, Examining Asymmetric Behavior in US Petroleum Futures and Spot Prices. Energy Journal 27 (Oct 2006): 9-23.

Hammoudeh, Shawkat, and Choi, K, Behavior of GCC Stock Markets and Impacts of US Oil and Financial Markets. Research in International Business and Finance 20 (Winter 2006): 22-24.

Books

Hammoudeh, Shawkat, COMMODITY MARKETS: ISSUES, PRICE DYNAMICS, MODELING, AND RISK MANAGEMENT. United Kingdom: Emerald Group Publishing, (Forthcoming)

Krass, I., and New York: Academic Press, S., The Theory of Positional Games with Application in Economics. (1981):

Chapters

Hammoudeh, Shawkat, “Forcing Variables in the Dynamics of Risk Spillovers in Oil-Related CDS Sectors, Equity, Bond and Oil Markets and Volatility Market Risks.” Energy Economics, Ed. Helena Veiga. New York: Springer, (Forthcoming) 20.

Hammoudeh, Shawkat, Sari, Ramazan, and Soytas, Ugur, “Forcing Variables in the Dynamics of Risk Spillovers in Oil-Related CDS Sectors, Equity, Bond and Oil Markets and Volatility Market Risks.” Recent Developments In Exchange Rate Economics, , Ed. Mark P. Taylor and Meher Manzur. Cheltenham : Recent Developments In Exchange Rate Economics, , (2013): 20.

Hammoudeh, Shawkat, Sari, Ramazan, and Soytas, Ugur, “Dynamics of Oil Price, Precious Metal Prices and Exchange Rate.” Recent Developments in Exchange Rate Economics , Ed. Mark P. Taylor and Meher Manzur . London: Edward Elgar , (2013): 1-8.

Monographs

Hammoudeh, Shawkat, Energy Economics, Germany: Springer, (Mar 2012):

Presented Research

Hammoudeh, Shawkat, Oil Shocks and the Stock Markets. Presentation: Oil and GCC Financial Markets: The Significance of the Oil Price Collapse, Middle Economic Association; International Conference: Doha, Qatar, (Mar 2016):

Hammoudeh, Shawkat, The relationship between oil prices and the rig counts: A one way street with a lag, Middle East Economic Association International conference, Doha, Qatar: Doha, Qatar, (Mar 2016):

Hammoudeh, Shawkat, Mensi, W., and Tiwari, A., Hedges and safe havens for GCC markets: The roles of Islamic stock market and macroeconomics factors, using the combined wavelet-quantile approach, presented at the conference: the Economic Research Forum for the Arab Countries, Iran and Turkey (ERF), C: Cairo, Egypt, (Mar 2016):

Hammoudeh, Shawkat, and Naifar, N., Do global financial distress and uncertainties impact GCC and global sukuk return dynamics, Economic Research Forum (ERF) for the Arab countries, Iran and Turkey: Cairo, Egypt, (Mar 2016):

Hammoudeh, Shawkat, Forecasting Inflation in the GCC using Commodity Prices and Structural Break Models, Middle Economic Association-ASSA Chapter: San Francisco, CA, (Jan 2016):

Hammoudeh, Shawkat, Liu, Tengdong, and Sari, Ramazan, The dynamics of BRICS’s country risk ratings and domestic stock markets, U.S. stock market and oil price, 2011 Risk Modeling and Management: Madrid, Spain, Sp, (Jun 2011):

Hammoudeh, Shawkat, McAleer, Michael, and Yuan, Yuan, Industrial Commodity and Exchange Rate Volatility Transmissions, Asymmetries and Hedging Strategies, Middle East Economic Association (MEEA): Denver, Co, (Jan 2010):

Hammoudeh, Shawkat, Smimou, Kama, and Yuan, Yuan, Cycles, Contagion and Volatility in the Stock Markets in Middle East and North Africa, Allied Social Science Associations: San Francisco, CA, (Jan 2009):

Hammoudeh, Shawkat, and Bhar, Ramaprasad, Commodity and Relevant Macro-Financial Variables: Empirical Analysis of Dynamic Causal Relationship in a Regime Switching Environment, 84th Western Economic Association International: Honolulu, HA, (Jul 2008):

Hammoudeh, Shawkat, Ewing, Bradley, and Thompson, Mark, Threshold Cointegration Analysis of Crude Oil Benchmarks, 84th Western Economic Association International: Honolulu, HA, (Jul 2008):

Hammoudeh, Shawkat, Ewing, Bradley, and Thompson, Mark, Do GCC Countries Finance US Current Account Deficit?, Allied Social Science Associations: New Orleans, LA, (Jan 2008):

Hammoudeh, Shawkat, and Choi, Kyongwook, Characteristic of Permanent and Transitory Returns in Oil-Sensitive Emerging Stock Markets: the Case of the GCC Countries, The Allied Social SciencesMiddle East Economic Association conference: Philadelphia, PA, (Jan 2005):

Hammoudeh, Shawkat, and Malik, F, Volatility Transmission in the Oil, US and GCC Equity Markets, The Allied Social SciencesMiddle East Economic Association conference: San Diego, CA, (Jan 2004):

Hammoudeh, Shawkat, Impacts of NYMEX Oil futures, Dow Jones, US T-Bill Rate on GCC Stock Markets, (Jun 2003):

Proceedings

Hammoudeh, Shawkat, Pricing Risk, Oil and Financial Factors in Saudi Sector Index Returns, Middle East Economic Association-ASSA Jun 2006. http://www.luc.edu/orgs/meea/volume8/meea8.html (Oct 2006):

Education

BA Economics - University of Baghdad 1969
MA Economics minor Political Science - University of Kansas 1974
PhD Economics and Minor Mathematics - University of Kansas 1980

Professional Experience

Other -Kuwait Institute for Scientific Research (KISR) Associate Research Scientist Kuait City Jul 1981 - Jul 1983
Other -Organization of Arab Petroleum Exporting Countries Senior Economist Kuwiat City Aug 1983 - Jul 1988
Academic-Drexel University Professor Philadelphia PA Sep 1990 - Oct 2009
Corporate-Ascend of Greater Philadelphia Speaker Philadelphia PA Feb 2015 -

Awards

2016 Appreciation of Significant Contribution to the 15th International Conference of the Middle East Economic Association (Doha Instiutue for Graduate Studies and Middle East Economic Association)
2015 Best Paper Award, The ERF 21st Annual Conferencer, 20-22 March 2015, Tunisia (The ERF for Arab Countries, Iran and Turkey)
2015 Best Paper Award, The ERF 21st Annual Conferencer, 20-22 March 2015, Tunisia (Economic Research Forum for the Arab Countries, Iran and Turkey)
2015 Certificate of Outstanding Contribution in Reviewing (Energy Economics)
2015 Best paper Award, the ERF 21st Annual Conference, 20-22 March 2015, Tuniisa (ERF for Arab Countries, Iran and Turkey)
2012-2011 Best Paper Award in the Finance section given by the the sixth international conference Corporate Strategies and Government Policies: Challenges & Issues in the 21st Century. (Global Academy of Business & Economic Research )
2012 2013 Best Paper Award in Finance (Economic Reserch Forum for Arab Countries, Iran and Turkey)

Media Mentions

2014 Predictions for Your Wallet

via Wallet Hub

Shawkat Hammoudeh, professor of economics and international business at Drexel LeBow and associate editor of Energy Economics, says “The shale natural gas revolution is real and a game-changer for the country’s energy cost. It has been felt at both the firm and household levels.”

Crises, New Markets Shift Gulf Pertodollar Flows

via Reuters

Shawkat Hammoudeh, Ph.D., professor of economics, was quoted in a Reuters article titled “Crises, New Markets Shift Gulf Pertodollar Flows.”

Capital flows around the world are changing,” said Hammoudeh, who added that the amount of Gulf capital available to the West was shrinking, in a process that could take many years.

Oil prices back on the rise over Libya supply fears

via National.com

Shawkat Hammoudeh, PhD, professor of economics, was quoted in a National.com article about the increase of the price of oil.