Papers by Hassan Gholipour Fereidouni
This study investigated the long run relationship between urbanization, energy consumption and ca... more This study investigated the long run relationship between urbanization, energy consumption and carbon dioxide emission in seven regions, namely, East Asia and Pacific, East Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, South Asia, Sub-Saharan Africa, and Western Europe. To achieve the goal of the study, the fully modified ordinary least square (FMOLS) was employed taking the period 1980–2008. The results show that while 84% of the countries have a positive long run relationship between urbanization, energy consumption, and carbon dioxide emission, only 16% the countries have mixed results. Some countries have a negative long run relationship and others, especially low income countries have no relationship between urbanization, energy consumption, and carbon dioxide emission. Furthermore, a one way long run relationship between energy consumption and carbon dioxide emission and urbanization was found in a number of countries while a one way long run relationship between urbanization and energy consumption and carbon dioxide emission was found in other countries.► Urbanization, energy consumption and CO2 emission relationship is investigated. ► The Fully Modified OLS was employed taking the period 1980–2008. ► 84% of the countries have a positive long run relationship between the variables.
HOUSING FINANCE, Jan 1, 2010
Research report in partial fulfillment of the requirements for the degree of MBA 2008 II DEDICATION
The purpose of this paper is to examine the effects of foreign direct investment in other sectors... more The purpose of this paper is to examine the effects of foreign direct investment in other sectors (FDI) on foreign investment in real estate sectors (FREI) in emerging economies after controlling other relevant determinants of FREI. Applying the panel data technique, this paper uses related observations from 16 emerging economies to investigate the relationships between FDI and FREI. Our analysis shows that countries with higher level of FDI in other sectors attract greater amounts of FREI.
Residential construction is one of the most important pillars of Iran"s economy. Although this se... more Residential construction is one of the most important pillars of Iran"s economy. Although this sector had an increasing trend over the past two decades, the growth rate of residential construction has been very volatile. The purpose of this paper is to empirically investigate those factors contributing to this fluctuation over the 1991:Q2-2008:Q4. By applying cointegration approach, the empirical results show that housing prices, construction costs, GDP and gold prices are important factors to predict changes in the level of residential construction in Iran.
While previous studies have provided some evidence that energy prices have impact on stock return... more While previous studies have provided some evidence that energy prices have impact on stock returns across industries, to the best of our knowledge, it is surprising that no recent work is known about the Iran’s emerging stock market. However, the published daily data on Tehran’s industry stock indices since 2005 make such a study possible. Therefore, our study is considered very beneficial as it provides insights regarding information transmission and volatility estimation of oil and gas prices and Iranian industry equity returns. The purpose of this study is to examine the effect of oil and gas prices on Iranian industry stock returns. To this end, we analyze 35 Iranian industry indices for the period from January 2005 to March 2010. Based on the multifactor model and using time-series regressions, our findings indicate that oil prices are an important determinant of returns in the banks, credit and other financial institutions, basic metals, electric machinery and apparatus and refined petroleum products and nuclear fuel industries. The findings also suggest that gas price movements do not seem to play a role for Iranian industry stock returns except for motor vehicles and auto parts industry. Moreover, consistent with the capital asset pricing model (CAPM), the market portfolio is a significant pricing factor in most of the (studied) industry stock returns. The results of this study help domestic and potential foreign investors to understand the effect of energy price changes on Iranian industry stock returns in order to manage their portfolios effectively.
World Applied Sciences …, Jan 1, 2010
The empirical relationship between the evolution of tourism and foreign real estate investment is... more The empirical relationship between the evolution of tourism and foreign real estate investment is established in the literature; however the direction of causality between these two variables is less clear. The purpose of this study is to empirically investigate the pattern of causality between foreign real estate investment and tourism, within the context of Iranian investment in Dubai real estate sector (IIDRE) and Iranian tourism in Dubai. By applying multivariate cointegration approach, the findings indicate that in the long-run the causation runs from tourism to IIDRE. It means that accumulation of Iranian knowledge about attractiveness of Dubai as a holiday destiny is an important factor explaining IIDRE. The results also suggest that there is a bidirectional short-run causal relationship between these variables. The results have some important implications for Iranian and Dubai policymakers.
Cross-cultural …, Jan 1, 2010
Journal of Asian and …, Jan 1, 2011
... According to Wilson and Graham (1994), the then foreign minister, Ali Akbar Velayati, met wit... more ... According to Wilson and Graham (1994), the then foreign minister, Ali Akbar Velayati, met withFahd at the end of March 1991 and discussed two issues: 'writing Iran into the regional secu-rity balance, and renewing Iranian participation in the Hajj.' The issue of the Hajj was the ...
International Journal of Strategic …, Jan 1, 2011
ABSTRACT The purpose of this study is to investigate the effect of tourism agglomeration on forei... more ABSTRACT The purpose of this study is to investigate the effect of tourism agglomeration on foreign real estate investment (FREI). Using a panel of 19 OECD countries over a period of 10 years (1999-2008) and controlling for some relevant factors, econometric analysis ...
cres.zju.edu.cn
In recent years, a large number of (upper-middle and upper classes) Iranians have invested in Dub... more In recent years, a large number of (upper-middle and upper classes) Iranians have invested in Dubai's real estate sector. The purpose of this study is to investigate the determinants of Iranian investment in Dubai's real estate sector (IIDRE) over the period 2000:Q1-2008:Q1. Using a time-series regression analysis, the empirical results reveal that Iran's external conflicts, bilateral trade between Iran and Dubai and Iranian wealth could contribute positively to the expansion of IIDRE. In addition, we find that returns from Iran's stock market and relative economic growth are not significant determinants of IIDRE.
Journal of Management and Social …, Jan 1, 2008
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Papers by Hassan Gholipour Fereidouni