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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

Article Details

How to Cite
Tripathy, N. P. (2009). Integration of World Stock Market an Emperical Investigation. Economic Journal of Emerging Markets, 11(1). https://doi.org/10.20885/vol11iss1aa575