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SOME TECHNICAL ANALYSIS ON THE STOCK MARKET: SPAIN AND USA

Rubio, Fernando - EconWPA - 2004

The model of Technical Analysis goes against the fulfillment of the weak form of the Hypothesis of Efficient Market raised by Fama (1970). Nevertheless, recently some studies provide evidence with probable prediction of the expected returns based on the past returns. In particular, the...

Persistent link: https://www.econbiz.de/10005134953

Analysis of UAE Bank Stocks

Rao, Ananth - EconWPA - 2003

Listing of stocks on the stock exchange offers business firms several advantages such as diversification, liquidity …, establishing a value for the firm etc. The present paper analyses stocks of six commercial banks (viz., Dubai Commercial Bank … and riskiness. Capital Asset Pricing Model (CAPM) a market equilibrium model is applied to these seven bank’s stocks. The …

Persistent link: https://www.econbiz.de/10005413135

SECURITIES MARKETS AND SOCIAL CAPITAL INTEGRATION IN AFRICA: RISKS AND POLICY OPTIONS

NWAOBI, GODWIN - EconWPA - 2005

The need to develop securities market has, following the recent international financial crises, increasingly attracted the attention of national and international policy makers. Never before have developed and developing countries shared such a strong interest in ensuring the stable growth of...

Persistent link: https://www.econbiz.de/10005561601

After the "License Raj": Economic Liberalization and Aggregate Private Investment in India

Emran, M. Shahe; Alam, M. Imam; Shilpi, Forhad - EconWPA - 2003

conclusions emerge from the estimation of the investment function by ARDL approach. First, the response of private investment with …

Persistent link: https://www.econbiz.de/10005124859

THE DEMAND FOR NEW HOUSING IN TURKEY: AN APPLICATION OF ARDL MODEL

HALICIOGLU, Ferda - EconWPA - 2005

This study provides empirical estimates for new residential homes demand function in Turkey using the time series data for the period 1964-2004. An aggregate demand function for new private dwellings in Turkey is formed and is estimated using bounds testing cointegration procedure proposed by...

Persistent link: https://www.econbiz.de/10005556214

Forecasting the Manhattan office market with a simultaneous equation model

Fuerst, Franz - EconWPA - 2004

In order to explore the predictability of the Manhattan office market, a three-stage simultaneous equation model is applied in this paper. The first stage incorporates the office space market in terms of occupied space and absorption of new space. The second stage captures the adjustment of...

Persistent link: https://www.econbiz.de/10005062516

Real Estate Prices, Borrowing Constraints and Business Cycles -A Study of the Japanese Economy

Chakraborty, Suparna - EconWPA - 2005

This paper investigates the causes of business cycle fluctuations that Japan experienced over the period 1980 to 2000. To this end, I build a dynamic general equilibrium model with endogenous borrowing constraints where business cycle fluctuations are the result of TFP fluctuations and...

Persistent link: https://www.econbiz.de/10005561189

Exogenous shocks and real estate rental markets: An event study of the 9/11 attacks and their impact on the New York office market

Fuerst, Franz - EconWPA - 2005

Any attempt to measure the impact of the 9/11 attacks is faced with the difficulty of separating the effects of the attacks from the impact of a wider economic recession and other simultaneous events. This study attempts to isolate the effect on New York office rental and vacancy rates by...

Persistent link: https://www.econbiz.de/10005561660

Stochastic Dominance Portfolio Analysis of Forestry Assets

Heikkinen, V.-P.; Kuosmanen, Timo - EconWPA - 2002

general Stochastic Dominance (SD) criteria, focusing on the recent theoretical advances in analyzing portfolio diversification …

Persistent link: https://www.econbiz.de/10005134874

International Portfolio Investment: Theory, Evidence, and Institutional Framework

Bartram, Sohnke M.; Dufey, Gunter - EconWPA - 2001

other countries, hedge their consumption basket against ex-change rate risk, realize diversification effects and take …

Persistent link: https://www.econbiz.de/10005134901