| Yazarlar (3) |
Doç. Dr. Fatih GÜZEL
Kırşehir Ahi Evran Üniversitesi, Türkiye |
Melek Acar
Selçuk Üniversitesi, Türkiye |
|
Okyay Uçan
Niğde Ömer Halisdemir Üniversitesi, Türkiye |
| Özet |
| With globalization, the economic borders of the world have been removed and the economy is dominated by liberal thought. Intensive cross-border commercial activity has accelerated the integration of the country economy to neighboring countries and the world economic system. Therefore, national economies became more open to global risks and crises, while getting piece in world trade. The purpose of this study is to determine economic integration between Turkey and the Middle East and North Africa (MENA) countries through stock exchanges. In this context, Borsa Istanbul and stock exchanges of the largest 10 MENA region economies were analyzed. Among the countries and their stock exchanges that were subject to analysis are: Saudi Arabia (Saudi Stock Exchange), Iran (Tehran Stock Exchange), United Arab Emirates (Abu Dhabi Securities Exchange), Egypt (Egyptian Exchange), Israel (Tel Aviv Stock Exchange), Iraq (Iraq Stock Exchange), Qatar (Qatar Stock Exchange), Morocco (Algiers Stock Exchange), Kuwait (Bourse Kuwait) and Morocco (Casablanca Stock Exchange). The study covers monthly index data for the period of 2010-2017. Cointegration tests have been applied to determine the interaction between the MENA countries’ bourses. As a result of the analysis, the existence of a longterm relationship between the MENA countries’ stock exchanges has been determined. Due to the modern portfolio theory, these stock exchanges cannot be an alternative to each other. According to this result, it is not possible to diversify risks among the relevant countries’ stock exchanges in the long run. Another finding is that a long-term … |
| Anahtar Kelimeler |
| Bildiri Türü | Tebliğ/Bildiri |
| Bildiri Alt Türü | Tam Metin Olarak Yayınlanan Tebliğ (Uluslararası Kongre/Sempozyum) |
| Bildiri Niteliği | Alanında Hakemli Uluslararası Kongre/Sempozyum |
| Bildiri Dili | İngilizce |
| Kongre Adı | 3rd International Congress on Economics, Finance and Energy |
| Kongre Tarihi | 16-04-2018 / 18-04-2018 |
| Basıldığı Ülke | Kazakistan |
| Basıldığı Şehir | Almatı |
