THE IMPACT OF GLOBAL AND LOCAL MACROECONOMIC INDICATORS ON THE SECTORAL INDICES OF THE AMMAN STOCK EXCHANGE USING EQUILIBRIUM MODELS

THE IMPACT OF GLOBAL AND LOCAL MACROECONOMIC INDICATORS ON THE SECTORAL INDICES OF THE AMMAN STOCK EXCHANGE USING EQUILIBRIUM MODELS

The stock market is an important pillar of countries’ economies that plays an essential role in the growth of industry and commerce that ultimately influence the economy of each country. In the last decade, Jordan has been influenced by different political events and regional conflicts that have aff...

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Main Author: NAWAF MUSTAFA EID ABUOLIEM
Format: Thesis
Language:English
Online Access:http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/16010/1/Abstract.pdf
http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/16010/2/NAWAF%20MUSTAFA%20EID%20ABUOLIEM.pdf
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spelling my-umt-ir.-160102022-01-19T07:51:27Z THE IMPACT OF GLOBAL AND LOCAL MACROECONOMIC INDICATORS ON THE SECTORAL INDICES OF THE AMMAN STOCK EXCHANGE USING EQUILIBRIUM MODELS NAWAF MUSTAFA EID ABUOLIEM The stock market is an important pillar of countries’ economies that plays an essential role in the growth of industry and commerce that ultimately influence the economy of each country. In the last decade, Jordan has been influenced by different political events and regional conflicts that have affected its economy and led to an imbalance in macroeconomic indicators. These events included the global financial crisis, the Arab Spring crisis and wars in neighbouring countries, such as Iraq and Syria. In addition, the main sector indices of the Amman Stock Exchange (ASE) were significantly affected during the last decade. Despite this situation, there is a lack of research examining the state of the ASE during recent decade, especially at the sector level. Therefore, this study sought to examine the cointegration and long- and short-run relationships between different local and global macroeconomic indicators and the main sectoral stock indices in the ASE for the period 2007 to 2016, using a time-series model (an autoregressive distributed lag approach). Moreover, this study employed a vector error correction model to examine the causality relationship in the short and long run. The results of this study indicated that there is a cointegration relationship between the macroeconomic indicators and the main sector indices. In detail, this study found that interest rates have a positive and statistically significant effect on the financial sector in the long run. UNIVERSITI MALAYSIA TERENGGANU 2021 Thesis en http://umt-ir.umt.edu.my:8080/handle/123456789/16010 http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/16010/3/license.txt 8a4605be74aa9ea9d79846c1fba20a33 http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/16010/1/Abstract.pdf 27fea32ccc1d47f2edf340b14cb0d2f5 http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/16010/2/NAWAF%20MUSTAFA%20EID%20ABUOLIEM.pdf 46efdd29658c284782d86a98da42dd91
institution Universiti Malaysia Terengganu
collection UMT Repository System
language English
description The stock market is an important pillar of countries’ economies that plays an essential role in the growth of industry and commerce that ultimately influence the economy of each country. In the last decade, Jordan has been influenced by different political events and regional conflicts that have affected its economy and led to an imbalance in macroeconomic indicators. These events included the global financial crisis, the Arab Spring crisis and wars in neighbouring countries, such as Iraq and Syria. In addition, the main sector indices of the Amman Stock Exchange (ASE) were significantly affected during the last decade. Despite this situation, there is a lack of research examining the state of the ASE during recent decade, especially at the sector level. Therefore, this study sought to examine the cointegration and long- and short-run relationships between different local and global macroeconomic indicators and the main sectoral stock indices in the ASE for the period 2007 to 2016, using a time-series model (an autoregressive distributed lag approach). Moreover, this study employed a vector error correction model to examine the causality relationship in the short and long run. The results of this study indicated that there is a cointegration relationship between the macroeconomic indicators and the main sector indices. In detail, this study found that interest rates have a positive and statistically significant effect on the financial sector in the long run.
format Thesis
author NAWAF MUSTAFA EID ABUOLIEM
spellingShingle NAWAF MUSTAFA EID ABUOLIEM
THE IMPACT OF GLOBAL AND LOCAL MACROECONOMIC INDICATORS ON THE SECTORAL INDICES OF THE AMMAN STOCK EXCHANGE USING EQUILIBRIUM MODELS
author_facet NAWAF MUSTAFA EID ABUOLIEM
author_sort NAWAF MUSTAFA EID ABUOLIEM
title THE IMPACT OF GLOBAL AND LOCAL MACROECONOMIC INDICATORS ON THE SECTORAL INDICES OF THE AMMAN STOCK EXCHANGE USING EQUILIBRIUM MODELS
title_short THE IMPACT OF GLOBAL AND LOCAL MACROECONOMIC INDICATORS ON THE SECTORAL INDICES OF THE AMMAN STOCK EXCHANGE USING EQUILIBRIUM MODELS
title_full THE IMPACT OF GLOBAL AND LOCAL MACROECONOMIC INDICATORS ON THE SECTORAL INDICES OF THE AMMAN STOCK EXCHANGE USING EQUILIBRIUM MODELS
title_fullStr THE IMPACT OF GLOBAL AND LOCAL MACROECONOMIC INDICATORS ON THE SECTORAL INDICES OF THE AMMAN STOCK EXCHANGE USING EQUILIBRIUM MODELS
title_full_unstemmed THE IMPACT OF GLOBAL AND LOCAL MACROECONOMIC INDICATORS ON THE SECTORAL INDICES OF THE AMMAN STOCK EXCHANGE USING EQUILIBRIUM MODELS
title_sort impact of global and local macroeconomic indicators on the sectoral indices of the amman stock exchange using equilibrium models
granting_institution UNIVERSITI MALAYSIA TERENGGANU
url http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/16010/1/Abstract.pdf
http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/16010/2/NAWAF%20MUSTAFA%20EID%20ABUOLIEM.pdf
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