Household portfolio behaviour: evidence from Middle East economies
Bashar Al-Zu'bi and
Victor Murinde
Applied Financial Economics, 2011, vol. 21, issue 17, 1281-1289
Abstract:
This article studies household portfolio behaviour for a group of Middle East economies, namely Israel, Jordan and Turkey. Panel unit root and cointegration tests are used to investigate the convergence of household portfolio behaviour; and asset demand equations are estimated in a novel way of comparing the three countries using the Seemingly Unrelated Regression (SUR) model. We identify some common household portfolio behaviour for currency (cash), time deposits, company securities and bank loans, among the economies. However, household portfolio preferences do not respond to exchange rate changes in a uniform way across the three countries.
Keywords: flow of funds; household sector; portfolio management; panel data (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/09603107.2011.570710 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:apfiec:v:21:y:2011:i:17:p:1281-1289
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAFE20
DOI: 10.1080/09603107.2011.570710
Access Statistics for this article
Applied Financial Economics is currently edited by Anita Phillips
More articles in Applied Financial Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().