How homogeneous are the stock markets of the Middle East and North Africa?: An article from: Quarterly Journal of Business and Economics
Book Details
Author(s)Jorg Bley
PublisherThomson Gale
ISBN / ASINB000Y758GK
ISBN-13978B000Y758G2
MarketplaceFrance 🇫🇷
Description
This digital document is an article from Quarterly Journal of Business and Economics, published by Thomson Gale on June 22, 2007. The length of the article is 15761 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the author: In light of the changing economic environment in most Middle East and North African (MENA) countries, the objective of this study is to determine the contemporaneous interactions of the stock markets of Bahrain, Egypt, Israel, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia, Turkey, and the United Arab Emirates by (1) determining the degree of market integration, (2) qualifying the return sensitivity among the markets, (3) revealing any lead-lag relationships, (4) analyzing degree and stationarity of relative market co-movements, and (5) investigating the impact of US, UK, and Indian stock market movements on the MENA counterparts. The results indicate that the changing stock market dynamics within the MENA region still yield substantial intraregional diversification benefits and suggest the inclusion of regional equity in a global portfolio.
Citation Details
Title: How homogeneous are the stock markets of the Middle East and North Africa?
Author: Jorg Bley
Publication:Quarterly Journal of Business and Economics (Magazine/Journal)
Date: June 22, 2007
Publisher: Thomson Gale
Volume: 46 Issue: 3 Page: 3(24)
Distributed by Thomson Gale
From the author: In light of the changing economic environment in most Middle East and North African (MENA) countries, the objective of this study is to determine the contemporaneous interactions of the stock markets of Bahrain, Egypt, Israel, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia, Turkey, and the United Arab Emirates by (1) determining the degree of market integration, (2) qualifying the return sensitivity among the markets, (3) revealing any lead-lag relationships, (4) analyzing degree and stationarity of relative market co-movements, and (5) investigating the impact of US, UK, and Indian stock market movements on the MENA counterparts. The results indicate that the changing stock market dynamics within the MENA region still yield substantial intraregional diversification benefits and suggest the inclusion of regional equity in a global portfolio.
Citation Details
Title: How homogeneous are the stock markets of the Middle East and North Africa?
Author: Jorg Bley
Publication:Quarterly Journal of Business and Economics (Magazine/Journal)
Date: June 22, 2007
Publisher: Thomson Gale
Volume: 46 Issue: 3 Page: 3(24)
Distributed by Thomson Gale
