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Equity Markets Integration in Asia

Author

Listed:
  • WAHBEEAH MOHTI

    (Universidade de Évora (Departamento de Gestão))

  • Andreia Dionísio

    (CEFAGE-UE, IIFA, Universidade de Évora)

  • Isabel Vieira

    (Universidade de Évora (Departamento de Economia), Largo dos Colegiais, 2. 7000-903 Évora, Portugal.)

  • Paulo Ferreira

    (CEFAGE ? UE, Universidade de Évora,)

Abstract

This study explores the Asian Emerging and Frontier equity markets, integrated regionally or globally. In undertaking the empirical analysis, data from twelve Asian equity markets indices are utilize. The study employed residual based co-integration test proposed by Gregory and Hansen (1996) and Detrended Cross Correlation Analysis (DCCA). Findings indicate, most of the Asian emerging equity markets integrated with global market, whereas most of the frontier markets integrated with the regional market. However, the results from DCCA are more explanatory. The results also reveal that integration in Asia region is not complete. Asia region has an economically potential and fastest growing in the world. However, there is still so much to unlock the full potential, and the one way to achieve this growth is to continue on the road of financial integration.

Suggested Citation

  • WAHBEEAH MOHTI & Andreia Dionísio & Isabel Vieira & Paulo Ferreira, 2017. "Equity Markets Integration in Asia," Proceedings of International Academic Conferences 5007107, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:5007107
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    File URL: https://iises.net/proceedings/30th-international-academic-conference-venice/table-of-content/detail?cid=50&iid=023&rid=7107
    File Function: First version, 2017
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    More about this item

    Keywords

    Financial Integration; Frontier markets; Detrended cross correlation analysis (DCCA); Gregory and Hansen co integration test;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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