Financial integration and the ASEAN-5 equity markets

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

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Official URL: http://dx.doi.org/10.1080/00036840210139364

Abstract

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.

Item Type:Article
Keyword:ASEAN; capital market; economic integration; stock market
Subject:Economics
Subject:Stocks
Faculty or Institute:Faculty of Economics and Management
Publisher:Informa plc
DOI Number:10.1080/00036840210139364
Altmetrics:http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1080/00036840210139364
ID Code:8766
Deposited By: Erni Suraya Abdul Aziz
Deposited On:20 Dec 2010 02:49
Last Modified:20 Dec 2010 02:56

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