Investigation of Convergence of Returns in Asset Markets in Iran
Mohsen Pourebadollahan Covich (),
Hossein Asgharpur and
Sara Masoomzadeh ()
Additional contact information
Mohsen Pourebadollahan Covich: Associate Professor of Economics, University of Tabriz
Sara Masoomzadeh: MA in Economics, University of Tabriz
Quarterly Journal of Applied Theories of Economics, 2016, vol. 3, issue 3, 115-132
Due to the nature of the assets in Iran, markets such as exchange rate, gold, housing and stock are options facing investors as asset portfolio, although each of them has different returns. Usually, investors are looking for higher returns and focus of investors on markets with higher returns may reduce returns of this kind of markets in the long run. This can be named as returns convergence of different asset markets. This study aims to also examine the returns convergence of dollar, euro, coins, housing and stock markets in Iran over the period 2002:05-2016:02, using Nahar and Inder method and convergence Measurement of each market`s returns to the average returns of them. Based on the results, the returns convergence of housing market was not significantly meaningful. Also, there was no evidence of convergence in the returns of other studied markets.
Keywords: Convergence; Returns; Asset markets; Nahar and Inder method; Iran. (search for similar items in EconPapers)
JEL-codes: C22 C51 G21 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://ecoj.tabrizu.ac.ir/article_5438_2a3208945a3b350ab0e4a09da34b5aed.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:ris:qjatoe:0053
Access Statistics for this article
Quarterly Journal of Applied Theories of Economics is currently edited by Sakineh Sojoodi
More articles in Quarterly Journal of Applied Theories of Economics from Faculty of Economics, Management and Business, University of Tabriz Contact information at EDIRC.
Series data maintained by Sakineh Sojoodi ().