"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(1),
(1) 

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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: 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.