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اتجاهات التكامل في أسواق الأسهم العالمية و أسواق الأسهم لدول مجلس التعاون الخليجي
Other Title(s)
Integration trends in the international stock markets and in the stock markets of the gulf cooperation council (GCC)
Author
Source
Issue
Vol. 53, Issue 2 (28 Feb. 2013), pp.516-544, 29 p.
Publisher
Institute of Public Administration
Publication Date
2013-02-28
Country of Publication
Saudi Arabia
No. of Pages
29
Main Subjects
Abstract EN
This paper aims to review the previous studies on stock markets in the world in order to know the cointegration trends worldwide, study the stock markets of the Gulf Cooperation Countries (GCC), know whether these markets influence each other or they are independent entities.
The study used daily data collected during a period from 05/03/2009 to 04/12/2011.
Granger Causality and causality test of VECM have been implemented to test and determine the long and short run equilibrium relationship and the direction of the causality among (GCC) markets.
The comprehensive review has shown that, despite all the technological developments and the availability of means of communication that made markets worldwide more independent, there are still opportunities to achieve the benefits of diversification through investment in the different world markets.
For the Arab Gulf markets, the cointegration test indicates no existence of a long run equilibrium.
The long and short run results causality tests were mixed.
The VECM showed more causality relations among markets than the short run test (Granger Causality).
American Psychological Association (APA)
الفوزان، فوزان بن عبد العزيز. 2013. اتجاهات التكامل في أسواق الأسهم العالمية و أسواق الأسهم لدول مجلس التعاون الخليجي. مجلة الإدارة العامة،مج. 53، ع. 2، ص ص. 516-544.
https://search.emarefa.net/detail/BIM-673012
Modern Language Association (MLA)
الفوزان، فوزان بن عبد العزيز. اتجاهات التكامل في أسواق الأسهم العالمية و أسواق الأسهم لدول مجلس التعاون الخليجي. مجلة الإدارة العامة مج. 53، ع. 2 (شباط 2013)، ص ص. 516-544.
https://search.emarefa.net/detail/BIM-673012
American Medical Association (AMA)
الفوزان، فوزان بن عبد العزيز. اتجاهات التكامل في أسواق الأسهم العالمية و أسواق الأسهم لدول مجلس التعاون الخليجي. مجلة الإدارة العامة. 2013. مج. 53، ع. 2، ص ص. 516-544.
https://search.emarefa.net/detail/BIM-673012
Data Type
Journal Articles
Language
Arabic
Notes
يتضمن ملحق : ص. 543
Record ID
BIM-673012