The influence of global financial crisis on Jordanian equity market: VECM approach

• Main Authors: Bekhet H.A., Matar A.
• Other Authors: 37100908800
• Format: Article
• Published: Inderscience Publishers 2023
• Subjects: Equity market; Global financial crisis; Granger causality; Jordan; Stock price index; VECM; Vector error correction model

The current paper attempts to analyse the causality and co-integration relationship between the global financial crisis and the general stock price index (SPI) in the Jordanian equity market for the 1978-2011 period. A vector error correction model (VECM) is utilised to test the causal relationship...