"http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> Integration of World Stock Market an Emperical Investigation | Tripathy | Economic Journal of Emerging Markets

Integration of World Stock Market an Emperical Investigation

Nalini Prava Tripathy

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

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DOI: http://dx.doi.org/10.20885/vol11iss1aa575

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Economic Journal of Emerging Markets (EJEM)
ISSN 2086-3128 (print), ISSN 2502-180X (online)
Published by:
Center for Economic Studies, Department of Economics,
Universitas Islam Indonesia, Indonesia.

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EJEM by http://journal.uii.ac.id/index.php/JEP/ is licensed under a Creative Commons Attribution 4.0 International License.