Bubbles in Tehran Stock Exchange

Mohammad Ali Mani and Davood Zahedi
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Mohammad Ali Mani: Assistant professor of economics, Shahid Beheshti University
Davood Zahedi: PhD candidate, Department of Economics, University of Waterloo

Iranian Economic Review (IER), 2008, vol. 13, issue 2, 143-155

Abstract: This paper, first, represents theoretical aspects of rational bubbles. Second, it shows one of the tests introduced to detect rational bubbles- integration/ cointegration based test. Finally, on the empirical side, it explores existence of both explosive and periodically collapsing bubbles in Tehran Stock Exchange. The results reject the existence of explosive bubbles but fail to reject the existence of periodically collapsing ones.

Keywords: Rational Bubbles; Tehran Stock Exchange (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eut:journl:v:13:y:2008:i:2:p:143

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