Nalini Prava Tripathy
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Journal : Economic Journal of Emerging Markets

Integration of World Stock Market an Emperical Investigation Nalini Prava Tripathy
Economic Journal of Emerging Markets Volume 11 Issue 1, 2006
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/vol11iss1aa575

Abstract

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.Key words: world market, emerging market, causality test, Johansens co integration test