Bubble Migration from the Oil Market to the Tehran Stock Exchange
The main purpose of this study is to investigate the migration of bubbles from the oil market to the stock exchange. First, using the method of Phillips et al. (2015), bubbles were discovered and dated in the Iranian heavy oil market in the monthly period 1980-2020 and the Tehran Stock Exchange in t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2022-06-01
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| Series: | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| Subjects: | |
| Online Access: | https://jiee.atu.ac.ir/article_14649_b0728348cfcc935412e0b0daec476a3f.pdf |
| _version_ | 1797369261219381248 |
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| author | Aziz Zaheri Abdehvand Amir Hortamani Saeed Aghasi |
| author_facet | Aziz Zaheri Abdehvand Amir Hortamani Saeed Aghasi |
| author_sort | Aziz Zaheri Abdehvand |
| collection | DOAJ |
| description | The main purpose of this study is to investigate the migration of bubbles from the oil market to the stock exchange. First, using the method of Phillips et al. (2015), bubbles were discovered and dated in the Iranian heavy oil market in the monthly period 1980-2020 and the Tehran Stock Exchange in the period 2008-2020. Then, using the method presented by Gomez-Gonzales et al. (2018), the migration of bubbles from the oil market to the Tehran Stock Exchange in the period 2020-2008 was investigated. The results showed that Iranian heavy oil has 9 bubble cycles in the period under study. Also, six bubbles were observed in the period under review for the Tehran Stock Exchange. The findings indicate the closeness of the ninth bubble in the oil market and the fourth bubble in the Tehran Stock Exchange. The hypothesis of bubble migration from the oil market to the Tehran Stock Exchange was tested in this period. The results of the hypothesis test indicate the acceptance of bubble migration from the oil market to the Tehran Stock Exchange. |
| first_indexed | 2024-03-08T17:44:09Z |
| format | Article |
| id | doaj.art-a4b39b87400c43ecb282785e4488644e |
| institution | Directory Open Access Journal |
| issn | 2423-5954 2476-6437 |
| language | fas |
| last_indexed | 2024-03-08T17:44:09Z |
| publishDate | 2022-06-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| spelling | doaj.art-a4b39b87400c43ecb282785e4488644e2024-01-02T10:50:04ZfasAllameh Tabataba'i University PressPizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān2423-59542476-64372022-06-01114311513710.22054/jiee.2022.67823.191414649Bubble Migration from the Oil Market to the Tehran Stock ExchangeAziz Zaheri Abdehvand0Amir Hortamani1Saeed Aghasi2Ph.D. Candidate, Department of Economics, Dehaghan Branch, Islamic Azad University, Dehaghan, IranAssistant Professor, Department of Economics, Dehaghan Branch, Islamic Azad University, Dehaghan, Iran.Assistant Professor, Department of Management, Dehagan Branch, Islamic Azad University, Dehagan, Iran.The main purpose of this study is to investigate the migration of bubbles from the oil market to the stock exchange. First, using the method of Phillips et al. (2015), bubbles were discovered and dated in the Iranian heavy oil market in the monthly period 1980-2020 and the Tehran Stock Exchange in the period 2008-2020. Then, using the method presented by Gomez-Gonzales et al. (2018), the migration of bubbles from the oil market to the Tehran Stock Exchange in the period 2020-2008 was investigated. The results showed that Iranian heavy oil has 9 bubble cycles in the period under study. Also, six bubbles were observed in the period under review for the Tehran Stock Exchange. The findings indicate the closeness of the ninth bubble in the oil market and the fourth bubble in the Tehran Stock Exchange. The hypothesis of bubble migration from the oil market to the Tehran Stock Exchange was tested in this period. The results of the hypothesis test indicate the acceptance of bubble migration from the oil market to the Tehran Stock Exchange.https://jiee.atu.ac.ir/article_14649_b0728348cfcc935412e0b0daec476a3f.pdfoilbubblesstocks |
| spellingShingle | Aziz Zaheri Abdehvand Amir Hortamani Saeed Aghasi Bubble Migration from the Oil Market to the Tehran Stock Exchange Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān oil bubbles stocks |
| title | Bubble Migration from the Oil Market to the Tehran Stock Exchange |
| title_full | Bubble Migration from the Oil Market to the Tehran Stock Exchange |
| title_fullStr | Bubble Migration from the Oil Market to the Tehran Stock Exchange |
| title_full_unstemmed | Bubble Migration from the Oil Market to the Tehran Stock Exchange |
| title_short | Bubble Migration from the Oil Market to the Tehran Stock Exchange |
| title_sort | bubble migration from the oil market to the tehran stock exchange |
| topic | oil bubbles stocks |
| url | https://jiee.atu.ac.ir/article_14649_b0728348cfcc935412e0b0daec476a3f.pdf |
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