Capital Market Integration: Palestine and Israeli Experience.
<p>This study is driven by the motivation to examine the existence of probable equilibrium and dynamic relations between Palestine Stock Exchange (PEX) and Tel Aviv Stock Exchange (TASE). Within the framework of international trade theories, this study uses Engle-Granger Co-integration procedu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Syarif Hidayatullah State Islamic University of Jakarta
2015-10-01
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| Series: | Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah |
| Subjects: | |
| Online Access: | http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/1697 |
| _version_ | 1818421218343124992 |
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| author | Tulus Suryanto Abdul Razak Abdul Hadi |
| author_facet | Tulus Suryanto Abdul Razak Abdul Hadi |
| author_sort | Tulus Suryanto |
| collection | DOAJ |
| description | <p>This study is driven by the motivation to examine the existence of probable equilibrium and dynamic relations between Palestine Stock Exchange (PEX) and Tel Aviv Stock Exchange (TASE). Within the framework of international trade theories, this study uses Engle-Granger Co-integration procedure as an estimation model employing monthly time series data during the observed period from January 1998 till February 2012. It was discovered that there is a significant equilibrium relationship between PEX and TASE, but no empirical evidence was found on the presence of dynamic relations between the two stock markets using Granger Causality tests. Meanwhile, analysis of dynamic interactions over post-sample period by Impulse-Response Functions and Variance Decomposition indicate that movements in TASE Index do influence the performance of PEX.</p><p>DOI: <span><a href="http://dx.doi.org/10.15408/aiq.v7i2.1697">10.15408/aiq.v7i2.1697</a></span></p> |
| first_indexed | 2024-12-14T13:06:52Z |
| format | Article |
| id | doaj.art-752bd67cb2c149dabcf1e9f186a66cab |
| institution | Directory Open Access Journal |
| issn | 2087-135X 2407-8654 |
| language | English |
| last_indexed | 2024-12-14T13:06:52Z |
| publishDate | 2015-10-01 |
| publisher | Syarif Hidayatullah State Islamic University of Jakarta |
| record_format | Article |
| series | Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah |
| spelling | doaj.art-752bd67cb2c149dabcf1e9f186a66cab2022-12-21T23:00:18ZengSyarif Hidayatullah State Islamic University of JakartaAl-Iqtishad: Jurnal Ilmu Ekonomi Syariah2087-135X2407-86542015-10-017219720610.15408/aiq.v7i2.16971472Capital Market Integration: Palestine and Israeli Experience.Tulus Suryanto0Abdul Razak Abdul Hadi1IAIN Raden Intan LampungUniversity of Kuala Lumpur<p>This study is driven by the motivation to examine the existence of probable equilibrium and dynamic relations between Palestine Stock Exchange (PEX) and Tel Aviv Stock Exchange (TASE). Within the framework of international trade theories, this study uses Engle-Granger Co-integration procedure as an estimation model employing monthly time series data during the observed period from January 1998 till February 2012. It was discovered that there is a significant equilibrium relationship between PEX and TASE, but no empirical evidence was found on the presence of dynamic relations between the two stock markets using Granger Causality tests. Meanwhile, analysis of dynamic interactions over post-sample period by Impulse-Response Functions and Variance Decomposition indicate that movements in TASE Index do influence the performance of PEX.</p><p>DOI: <span><a href="http://dx.doi.org/10.15408/aiq.v7i2.1697">10.15408/aiq.v7i2.1697</a></span></p>http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/1697capital market integrationgranger causality testPEXTASE |
| spellingShingle | Tulus Suryanto Abdul Razak Abdul Hadi Capital Market Integration: Palestine and Israeli Experience. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah capital market integration granger causality test PEX TASE |
| title | Capital Market Integration: Palestine and Israeli Experience. |
| title_full | Capital Market Integration: Palestine and Israeli Experience. |
| title_fullStr | Capital Market Integration: Palestine and Israeli Experience. |
| title_full_unstemmed | Capital Market Integration: Palestine and Israeli Experience. |
| title_short | Capital Market Integration: Palestine and Israeli Experience. |
| title_sort | capital market integration palestine and israeli experience |
| topic | capital market integration granger causality test PEX TASE |
| url | http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/1697 |
| work_keys_str_mv | AT tulussuryanto capitalmarketintegrationpalestineandisraeliexperience AT abdulrazakabdulhadi capitalmarketintegrationpalestineandisraeliexperience |