Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets

This research paper investigates the dynamic linkages among four selected equity markets from Organization of the Islamic Conference (OIC) members. The four countries comprised the proposed Muslim BRICS called SAMI: Saudi Arabia, Ankara (Turkey), Malaysia and Indonesia. The study explores the short...

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Main Authors:	Youcef, Grimes, Adewale, Abideen Adeyemi
Format:	Article
Language:	English
Published:	IIUM Press, International Islamic University Malaysia 2017
Subjects:	HF1021 Commercial geography. Economic geography
Online Access:	http://irep.iium.edu.my/57465/ http://irep.iium.edu.my/57465/ http://irep.iium.edu.my/57465/1/57465_Dynamic%20Linkages%20Among%20SAMI.pdf

id	iium-57465
recordtype	eprints
spelling	iium-574652018-03-08T06:59:57Z http://irep.iium.edu.my/57465/ Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets Youcef, Grimes Adewale, Abideen Adeyemi HF1021 Commercial geography. Economic geography This research paper investigates the dynamic linkages among four selected equity markets from Organization of the Islamic Conference (OIC) members. The four countries comprised the proposed Muslim BRICS called SAMI: Saudi Arabia, Ankara (Turkey), Malaysia and Indonesia. The study explores the short and long run linkages between these stock markets for the period spanning from January 2000 to September 2014 split into two sub-periods before and after the global financial crisis. Through applying Johansen co-integration analysis we found that the Indonesian, Malaysian, Saudi Arabian and Turkish stock markets are co-integrated during both periods. Emphasis was on the after crisis period where two co-integrating equations have been recorded. Granger causality test employed based on VECM further revealed that only a unidirectional relationship exist in the pre-crisis period between Saudi Arabia and Indonesia. However, bidirectional causality relationships were detected between almost all the four stock markets during the post-crisis period. IIUM Press, International Islamic University Malaysia 2017 Article PeerReviewed application/pdf en http://irep.iium.edu.my/57465/1/57465_Dynamic%20Linkages%20Among%20SAMI.pdf Youcef, Grimes and Adewale, Abideen Adeyemi (2017) Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets. Journal of Islamic Finance, 6 (Special issue). pp. 14-34. ISSN 2289-2109 E-ISSN 2289-2117 http://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/252
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF1021 Commercial geography. Economic geography
spellingShingle	HF1021 Commercial geography. Economic geography Youcef, Grimes Adewale, Abideen Adeyemi Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets
description	This research paper investigates the dynamic linkages among four selected equity markets from Organization of the Islamic Conference (OIC) members. The four countries comprised the proposed Muslim BRICS called SAMI: Saudi Arabia, Ankara (Turkey), Malaysia and Indonesia. The study explores the short and long run linkages between these stock markets for the period spanning from January 2000 to September 2014 split into two sub-periods before and after the global financial crisis. Through applying Johansen co-integration analysis we found that the Indonesian, Malaysian, Saudi Arabian and Turkish stock markets are co-integrated during both periods. Emphasis was on the after crisis period where two co-integrating equations have been recorded. Granger causality test employed based on VECM further revealed that only a unidirectional relationship exist in the pre-crisis period between Saudi Arabia and Indonesia. However, bidirectional causality relationships were detected between almost all the four stock markets during the post-crisis period.
format	Article
author	Youcef, Grimes Adewale, Abideen Adeyemi
author_facet	Youcef, Grimes Adewale, Abideen Adeyemi
author_sort	Youcef, Grimes
title	Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets
title_short	Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets
title_full	Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets
title_fullStr	Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets
title_full_unstemmed	Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets
title_sort	dynamic linkages among sami nations (saudi arabia, turkey, malaysia, indonesia) equity markets
publisher	IIUM Press, International Islamic University Malaysia
publishDate	2017
url	http://irep.iium.edu.my/57465/ http://irep.iium.edu.my/57465/ http://irep.iium.edu.my/57465/1/57465_Dynamic%20Linkages%20Among%20SAMI.pdf
first_indexed	2023-09-18T21:21:14Z
last_indexed	2023-09-18T21:21:14Z
_version_	1777411895313039360

Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets

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