Degree
Master of Science in Economics
Faculty / School
Faculty of Business Administration (FBA)
Department
Department of Economics
Date of Submission
2013-01-01
Supervisor
Dr. Muhammad Nishat, Faculty of Business Administration, Institute of Business Administration, Karachi
Project Type
MSECO Research Project
Access Type
Restricted Access
Abstract
KSE has been experiencing ups and downs especially in the decade of 2000s, whether these ups and downs represent the presence of speculative bubbles or not, has motivated this study. Duration dependence test has been used in this study to check the possible existence of rational speculative bubble in KSE. Duration dependence tests’ results show that probability of ending a run of positive excess returns does not decrease with the length of the run which is not consistent with the presence of rational speculative bubbles.
Pages
ix, 46
Recommended Citation
Iqbal, Y. (2013). An empirical study of rational speculative bubbles: evidence from Karachi Stock Exchange (Unpublished graduate research project). Institute of Business Administration, Pakistan. Retrieved from https://ir.iba.edu.pk/research-projects-mseco/31
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