Financial development and economic growth in MENA countries
The aim of this paper is twofold. It is first to evaluate the comparative performance of ten MENA (Middle East and North Africa) countries according to GDP growth and stock market return indicators using the non-parametric stochastic dominance approach. We will then use a multivariate vector autoreg...
| Veröffentlicht in: | 369 EGFR SIGNALING IMPAIRS THE ANTIVIRAL ACTIVITY OF INTERFERON-ALPHA. - 2013 JPMOD : a social science forum of world issues. - Amsterdam [u.a.] |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2016transfer abstract
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| Zugriff auf das übergeordnete Werk: | 369 EGFR SIGNALING IMPAIRS THE ANTIVIRAL ACTIVITY OF INTERFERON-ALPHA |
| Schlagworte: | G10 O40 |
| Umfang: | 19 |
| Zusammenfassung: | The aim of this paper is twofold. It is first to evaluate the comparative performance of ten MENA (Middle East and North Africa) countries according to GDP growth and stock market return indicators using the non-parametric stochastic dominance approach. We will then use a multivariate vector autoregressive (VAR) model to investigate the shock transmission from the most performing country to other dominated countries. Results, over the period from June 2005 to December 2013, show that the dominance of MENA countries differs across indicators. Qatar and Morocco are respectively the most performing countries according to GDP growth and stock market return. Furthermore, the GDP growth response to Qatar GDP growth shock is statistically significant for all countries while, the stock market response to Morocco stock market shock is insignificant in Qatar, Saudi Arabia, and UAE. The response time of stock market return is also short when it is significant. Finally, this finding shows that the GDP growth dominance has the greater effect than the stock market dominance. The aim of this paper is twofold. It is first to evaluate the comparative performance of ten MENA (Middle East and North Africa) countries according to GDP growth and stock market return indicators using the non-parametric stochastic dominance approach. We will then use a multivariate vector autoregressive (VAR) model to investigate the shock transmission from the most performing country to other dominated countries. Results, over the period from June 2005 to December 2013, show that the dominance of MENA countries differs across indicators. Qatar and Morocco are respectively the most performing countries according to GDP growth and stock market return. Furthermore, the GDP growth response to Qatar GDP growth shock is statistically significant for all countries while, the stock market response to Morocco stock market shock is insignificant in Qatar, Saudi Arabia, and UAE. The response time of stock market return is also short when it is significant. Finally, this finding shows that the GDP growth dominance has the greater effect than the stock market dominance. |
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| Beschreibung: | 19 |
| DOI: | 10.1016/j.jpolmod.2016.06.006 |