Abstract
The objective of this research is to investigate the linkages between the Islamic
emerging markets & the International commodity markets with the US stock market. Data
based on monthly stock prices of Islamic emerging stock markets, USA & international
commodity market prices 1995 to 2019. Auto regressive Distributed lag model used to
investigate the linkages between these markets. The results revealed that the Islamic
Emerging stock markets are not long run linked with USA stock market and there is also no
long run relationship between USA and international commodity market. So it is concluded
that it will be a beneficial for the both investors in Islamic emerging stock market and in
United States for the perspective of the risk management to invest alternatively in these
markets if one is not providing the good returns as well in the international commodity
market as an alternative investment.
Asim Rafiq, Syed Shabib-ul-Hassan, Kiran Jameel. (2019) Stock And Commodity Market Linkages: An Ardl Approach, The International Research Journal Department of Usooluddin, Volume-03, Issue-2.
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