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Globalisation, Technology and Sustainable Development Book Series
BUSINESS EXCELLENCE AND COMPETITIVENESS IN THE MIDDLE EAST AND NORTH AFRICA
Allam Ahmed |
(from Section V: Finance and Banking)
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Title: |
Movers and shakers of North African and Middle Eastern equity markets, 1996–2005: Empirical Note |
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Author(s): |
Kofi A. Amoateng |
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Address: |
Lead Faculty in Decision Science, Economics and Finance, School of Business, North Carolina Central University, 1801 Fayetteville Street, Durham, NC 27707, USA Amoateng @ nccu.edu |
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Reference: |
BUSINESS EXCELLENCE AND COMPETITIVENESS IN THE MIDDLE EAST AND NORTH AFRICA pp. 221 - 235 |
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Abstract/ Summary |
Empirical evidence shows that Egypts equity market is relatively a better shock absorber than others in North Africa. Moroccos market is consistently the most interactive in the region and the shocks sustained by it are long-lived. Similarly, the variance decomposition analysis and impulse response functions identify the Israeli and Saudi markets as better shock absorbers among the Middle Eastern equity markets. Therefore, the Egyptian market is the mover and shaker in the North African equity markets. Also, the Israeli and Saudi markets are the movers and shakers in the Middle Eastern equity markets |
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