Integration of World Stock Market an Emperical Investigation

This paper has analyzed the integration of world stock market with emerging mar-ket by using the Granger Causality test and Johansens co integration test. This paper has found one-way significant causality between some of the emerging markets with world mar-kets and concludes that some of the emergi...

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Bibliographic Details
Published in:Economic journal of emerging markets 2009-07, Vol.11 (1)
Main Author: Tripathy, Nalini Prava
Format: Article
Language:English
Subjects:
Causality
Emerging markets
International markets
Securities markets
Online Access:Get full text
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Summary:This paper has analyzed the integration of world stock market with emerging mar-ket by using the Granger Causality test and Johansens co integration test. This paper has found one-way significant causality between some of the emerging markets with world mar-kets and concludes that some of the emerging markets have long term equilibrium relation-ship with world stock market.
ISSN:1410-2641
2086-3128
2502-180X
DOI:10.20885/vol11iss1aa575