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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
Key words: world market, emerging market, causality test, Johansens co integration test
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Economic Journal of Emerging Markets by Center for Economic Studies, Universitas Islam Indonesia is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
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