Does economic integration lead to financial market integration in the Asian region?
نویسندگان
چکیده
This study empirically examines the impact of economic integration on stock market co-movements India with major Asian markets such as China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, and Thailand. We collect daily data indices from September 1999 to December 2017. The asymmetric generalised dynamic conditional correlation GARCH model is applied estimate time-varying correlations among various markets. Next, panel autoregressive distributed lag method investigate co-movements. Our results show that has a significant positive in region. also provide supporting evidence global financial crisis positively contributed interdependence
منابع مشابه
Introduction: Monetary and Economic Integration in the East Asian Region
© 2006 The Authors Journal compilation © 2006 Blackwell Publishing Ltd, 9600 Garsington Road, Oxford, OX4 2DQ, UK and 350 Main St, Malden, MA, 02148, USA 1643 Blackwell Publishing Ltd Oxford, UK TWEC World Economy 0378-5920 © 2006 Blackwell Publishers Ltd (a Blackwell Publishing Company) De ember 2006 29 12riginal Article MONETARY and ECONOMIC INTEGRATION PAUL DE GRAUWE an ZHAOYON ZHANG Introdu...
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ژورنال
عنوان ژورنال: Economic Analysis and Policy
سال: 2021
ISSN: ['0313-5926', '2204-2296']
DOI: https://doi.org/10.1016/j.eap.2020.12.003