Economic risk linkages between Israel and middle east countries
| Autor: | Kirikkaleli Dervis, Yorucu Vedat |
|---|---|
| Jazyk: | English<br />French |
| Rok vydání: | 2018 |
| Předmět: | |
| Zdroj: | Panoeconomicus, Vol 65, Iss 4, Pp 427-440 (2018) |
| Druh dokumentu: | article |
| ISSN: | 1452-595X 2217-2386 |
| DOI: | 10.2298/PAN150227009K |
| Popis: | This study analyses the economic risk relationship between seven of the top economies in the Middle East and Israel. Our findings are of great interest and likely to begin a new debate in the Middle East region. The results of a block exogeneity Wald test reveal that economic stability in Israel does Granger-cause economic stability in Lebanon, Oman, Qatar and the UAE. Reverse causality has been validated for Lebanon and Bahrain only. We also find that there is a positive impact on Israel’s economic stability over the stability of Bahrain, Kuwait and the UAE with different seasonal patterns. In the reverse direction, in response to a shock to Israel’s economic stability, the stability of the UAE, Saudi Arabia, Oman, and Kuwait are also found to be positive and significant with different seasonal frequencies. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
|