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Testing for stochastic explosive root bubbles in Asian emerging stock markets

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  • Chan, Hing Lin
  • Woo, Kai-Yin

Abstract

This study employs a new test to detect the existence of stochastic explosive root bubbles. We find evidence of bubbles in stock markets of Taiwan, Malaysia, Indonesia, the Philippines and Thailand, but no evidence of bubbles in South Korea over our sample period.

Suggested Citation

  • Chan, Hing Lin & Woo, Kai-Yin, 2008. "Testing for stochastic explosive root bubbles in Asian emerging stock markets," Economics Letters, Elsevier, vol. 99(1), pages 185-188, April.
    • Handle: RePEc:eee:ecolet:v:99:y:2008:i:1:p:185-188
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    References listed on IDEAS

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