An Empirical Investigation of the UAE Stock Markets

الموضوعات

اقتصاد

الملخص

This thesis consists of six chapters. The first provides an overall introduction. The second offers a retrospective review of the development of the financial markets in the UAE from their start until now. The third chapter investigates empirically the casual nexus of the Abu Dhabi and Dubai stock markets in order to assess the degree of integration between these two domestic markets. To our best knowledge, this is the best attempt to explore domestic financial market integration within the context of the UAE. The fourth chapter extends the analysis in order to examine the degree of financial market integration of the UAE with regards to the global market. The fifth chapter deals with the impact of the recent real estate financial crisis on the UAE real estate market, which is considered an important sector for the economic development of the country. Chapter 6 examines the dynamic impact of oil prices on the stock market. Our methods consist of both symmetric and asymmetric causality tests, which are used in Chapters 3-6. When testing for causality, we do not make any distributional assumptions. We generate critical values via bootstrap simulations with leverage adjustments. This approach is expected to be more accurate since the underlying data set is usually non-normal with time varying volatility. We also make use of the asymmetric generalized impulse response functions in Chapter 5 and the last chapter. Allowing for asymmetric impacts is considered to be in line with the way that markets generally operate since it is widely agreed that people in the financial world tend to react more to negative news than positive news. Our conjecture is that the empirical findings which this thesis offers can be useful to both investors and policy makers in the UAE.

روابط وملفات

التعريف والنوع

رقم الوثيقة

054ba32d-339f-41f7-8105-d507d379dfba

رقم العقد

0

نوع الوسائط

Crawler

نوع المحتوى

الرسائل العلمية

صيغة المصدر

رسائل دكتوراة

نوع الملف

pdf text

أسماء الملفات

7080_1.pdf

بيانات النشر

ترجمة العنوان

استقصاء تجريبي لاسواق الاوراق المالية الاماراتية

ألقاب المؤلفين

[{"name_ar":"Abdulnaser Hatemi-J","title_ar":"اشراف","title_en":"Supervision"},{"name_ar":"Safa Maatouq Ahmed Al Mohana","title_ar":"اعداد","title_en":"Preparation"}]

اللغة

English

المصدر والدورية

اسم المصدر

An Empirical Investigation of the UAE Stock Markets

المحتوى والصفحات

عدد الصفحات

0

إشراف وإعداد

الإشراف

Abdulnaser Hatemi-J

الإعداد

Safa Maatouq Ahmed Al Mohana

الاقتباسات الببليوغرافية