Trade Openness and Real Investment: Is there Asymmetric Cointegration Relationship? Evidence from Jordan

Al-Tarawneh, Alaaeddin

doi:10.5539/ijef.v8n8p237

Cited by 2 publications

(2 citation statements)

References 15 publications

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“…Using monthly time-series data from Jordan (2006Jordan ( -2016, Aljarayesh et al (2018) discovered that interest rates negatively and significantly impact long-term stock prices. Ahmad et al (2010) found in Pakistan that rising interest rates increase business costs, thereby reducing stock returns.…”

Section: Literature Reviewmentioning

confidence: 99%

Effects of interest and exchange rate volatility on stock returns: Evidence from the financial sector of Tanzania

Komba,

Sobe,

Mwakujonga

2024

NGJSD

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This study analyzes the impact of interest and exchange rate volatility on financial sector stock returns in Tanzania. The study adopted secondary time-series data from 2014 to 2021. In data analysis, the study also utilized the Autoregressive Distributed Lag (ARDL)bound test approach to establish the long and short-term effects of the independent variable of interest on stock returns. Results showed a long-term inverse relationship between interest rates and financial sector stock returns. However, during the specific period from June 2014 to April 2021, interest rates were insignificant in affecting stock returns despite the inverse trend. In contrast, exchange rates significantly affected stock return fluctuations, showing a short-term inverse relationship. The study recommends that the government undertake actions to stabilize exchange rate increases and control interest rate volatility to boost investors’ confidence, given their significant influence on stock market volatility.

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Section: Literature Reviewmentioning

confidence: 99%

Effects of interest and exchange rate volatility on stock returns: Evidence from the financial sector of Tanzania

Komba,

Sobe,

Mwakujonga

2024

NGJSD

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“…Remittances and Financial Development Following Al-Assaf [24] and Al-Tarawneh [25], the potential asymmetric cointegration relationship between CPY, remittances, and other explanatory variables is examined by extend the analysis taking into account the possibility of having an asymmetric cointegration relationship among variables, employing Enders and Siklos's TAR model. The threshold value is set to be 0 [26].…”

Section: Testing For Asymmetric Relationship Betweenmentioning

confidence: 99%

The Role of Workers’ Remittances in Development of Jordanian Banking Sector

Al-Tarawneh¹

2016

IJBER

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This paper examines the impact of workers' remittances on a key indicator of banking sector development using Jordanian data over the period 1964 to 2013. The results are obtained using cointegration analysis depending on the E-G procedure test within the ECM framework. The study has found evidence of significant positive effects of remittances on the credit to the private to GDP ratio. Any increase in the workers' remittances, increases the level of banking sector development. In addition, a test for asymmetric relationship between variables is implemented, and results show that this relation does not exist.

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Trade Openness and Real Investment: Is there Asymmetric Cointegration Relationship? Evidence from Jordan

Cited by 2 publications

References 15 publications

Effects of interest and exchange rate volatility on stock returns: Evidence from the financial sector of Tanzania

Effects of interest and exchange rate volatility on stock returns: Evidence from the financial sector of Tanzania

The Role of Workers’ Remittances in Development of Jordanian Banking Sector

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