ISSN 2394-5125
 

Research Article 


An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market

Mohamed Ibrahim Mugableh.

Abstract
This study takes the initiative to make a link among Amman stock exchange price index, financial
liberalization, and economic growth. In addition, it tests the efficient market hypotheses in the context of the
Jordanian equity market. Using Ng and Perron test, the results show that the Jordanian equity market is
informationally efficient in the weak form and operating as a random walk. However, the results of Johansen and
Juselius multivariate test find three co-integrating relationship among variables. These results have important
policy implications for the development of equity market in Jordan and stock markets around the world.

Key words: Stock market efficiency; financial liberalization; economic growth; VECM.


 
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Pubmed Style

Mohamed Ibrahim Mugableh. An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market. JCR. 2020; 7(15): 1050-1056. doi:10.31838/jcr.07.15.144


Web Style

Mohamed Ibrahim Mugableh. An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market. http://www.jcreview.com/?mno=120073 [Access: September 17, 2020]. doi:10.31838/jcr.07.15.144


AMA (American Medical Association) Style

Mohamed Ibrahim Mugableh. An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market. JCR. 2020; 7(15): 1050-1056. doi:10.31838/jcr.07.15.144



Vancouver/ICMJE Style

Mohamed Ibrahim Mugableh. An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market. JCR. (2020), [cited September 17, 2020]; 7(15): 1050-1056. doi:10.31838/jcr.07.15.144



Harvard Style

Mohamed Ibrahim Mugableh (2020) An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market. JCR, 7 (15), 1050-1056. doi:10.31838/jcr.07.15.144



Turabian Style

Mohamed Ibrahim Mugableh. 2020. An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market. Journal of Critical Reviews, 7 (15), 1050-1056. doi:10.31838/jcr.07.15.144



Chicago Style

Mohamed Ibrahim Mugableh. "An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market." Journal of Critical Reviews 7 (2020), 1050-1056. doi:10.31838/jcr.07.15.144



MLA (The Modern Language Association) Style

Mohamed Ibrahim Mugableh. "An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market." Journal of Critical Reviews 7.15 (2020), 1050-1056. Print. doi:10.31838/jcr.07.15.144



APA (American Psychological Association) Style

Mohamed Ibrahim Mugableh (2020) An Empirical Analysis of the Informational Efficiency of Jordanian Equity Market. Journal of Critical Reviews, 7 (15), 1050-1056. doi:10.31838/jcr.07.15.144