Long-run Relationship Between Türkiye and SHANGHAI Cooperation Organization Stock Markets: Cointegration Analysis

Authors : Sara Huseynova, Mahammad Charkasov

Pages : 1-9

Doi:10.52693/jsas.1472756

View : 79 | Download : 93

Publication Date : 2024-12-31

Article Type : Research Paper

Abstract :This study investigates the presence of long-run cointegration relationships between the Turkish Stock Market and the stock markets of the Shanghai Cooperation Organisation (SCO) member countries. In a period of stagnation in the EU membership negotiations, Türkiye\\\'s shift towards Eastern markets is noteworthy. Using a dataset covering the period from January 2014 to December 2023, this research applies various econometric analysis techniques such as Augmented Dickey-Fuller test, Johansen Cointegration Test and Granger Causality Test to examine the dynamic relationships between these markets. The findings from these analyses indicate that there is a significant long-run cointegration relationship between Borsa Istanbul and Moscow and Shanghai Stock Exchanges. This highlights the opportunities for strategic investment and portfolio diversification in these regions
Keywords : Eşbütünleşme, Nedensellik, Şanghay İşbirliği Örgütü, Uluslararası Hisse Senedi Endeksleri