Wan Ngah, Wan Azman Saini and Mohamed, Azali and Habibullah, Muzafar Shah and Matthews, K. G. (2002) Financial integration and the ASEAN-5 equity markets. Applied Economics, 34 (18). pp. 2283-2288. ISSN 0003-6846
Full text not available from this repository.
Official URL: http://dx.doi.org/10.1080/00036840210139364
The existence of long-run relationships among the ASEAN-5 equity markets is empirically investigated. This study utilized weekly data spanning January 1988 to August 1999. The results of Granger noncausality test due to Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995) reveal that the Singapore equity market was not affected by other markets except by the Philippines in the long run. This result shows that there exist opportunities for beneficial international portfolio diversification within the context of the Asean-5 equity markets.
|Keyword:||ASEAN; capital market; economic integration; stock market|
|Faculty or Institute:||Faculty of Economics and Management|
|Deposited By:||Erni Suraya Abdul Aziz|
|Deposited On:||20 Dec 2010 02:49|
|Last Modified:||20 Dec 2010 02:56|
Repository Staff Only: Edit item detail
Document Download Statistics
This item has been downloaded for since 20 Dec 2010 02:49.