ORCID
- Atul Mishra: 0000-0002-0433-8880
- Zaid Tahat: 0009-0004-2641-6896
Abstract
This study investigates the dynamic linkages among the financial, industrial, services, and general sector indices of the Amman Stock Exchange (ASE) from 2000-2020 using a VAR model. The analysis provides insights into the interdependence among sectors and evaluates the model's efficacy in explaining sector index variations. The results indicate significant dynamic linkages among sector indices, with the VAR model demonstrating robust explanatory power based on high R-squared values and significant F-statistics. Impulse response analysis shows varied lagged effects in the transmission of shocks between sectors. The study recommends investors consider past performance of related sectors in investment decisions, while policymakers can utilize the identified interconnections to promote a stable financial market.
Publication Date
2023-11-28
Publication Title
International Journal of Academic Research in Accounting, Finance and Management Sciences
Volume
13
Issue
4
ISSN
2225-8329
First Page
1
Last Page
17
Recommended Citation
Mishra, A., & Tahat, Z. (2023) 'The Dynamic Linkages among Sector Indices: The case of the Amman Stock Exchange in the period of 2000-2020', International Journal of Academic Research in Accounting, Finance and Management Sciences, 13(4), pp. 1-17. Available at: 10.6007/IJARAFMS/v13-i4/19511
