Financial integration and the ASEAN-5 equity markets
The existence of long-run relationships among the ASEAN-5 equity markets is empirically investigated. This study utilized weekly data spanning January 1988 to August 1999. The results of Granger noncausality test due to Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995) reveal that the Si...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English English |
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Informa plc
2002
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/8766/1/Financial%20integration%20and%20the%20ASEAN.pdf |
| _version_ | 1825944459305549824 |
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| author | Wan Ngah, Wan Azman Saini Mohamed, Azali Habibullah, Muzafar Shah Matthews, K. G. |
| author_facet | Wan Ngah, Wan Azman Saini Mohamed, Azali Habibullah, Muzafar Shah Matthews, K. G. |
| author_sort | Wan Ngah, Wan Azman Saini |
| collection | UPM |
| description | The existence of long-run relationships among the ASEAN-5 equity markets is empirically investigated. This study utilized weekly data spanning January 1988 to August 1999. The results of Granger noncausality test due to Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995) reveal that the Singapore equity market was not affected by other markets except by the Philippines in the long run. This result shows that there exist opportunities for beneficial international portfolio diversification within the context of the Asean-5 equity markets.
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| first_indexed | 2024-03-06T07:16:11Z |
| format | Article |
| id | upm.eprints-8766 |
| institution | Universiti Putra Malaysia |
| language | English English |
| last_indexed | 2024-03-06T07:16:11Z |
| publishDate | 2002 |
| publisher | Informa plc |
| record_format | dspace |
| spelling | upm.eprints-87662015-10-22T02:55:57Z http://psasir.upm.edu.my/id/eprint/8766/ Financial integration and the ASEAN-5 equity markets Wan Ngah, Wan Azman Saini Mohamed, Azali Habibullah, Muzafar Shah Matthews, K. G. The existence of long-run relationships among the ASEAN-5 equity markets is empirically investigated. This study utilized weekly data spanning January 1988 to August 1999. The results of Granger noncausality test due to Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995) reveal that the Singapore equity market was not affected by other markets except by the Philippines in the long run. This result shows that there exist opportunities for beneficial international portfolio diversification within the context of the Asean-5 equity markets. Informa plc 2002-12-15 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/8766/1/Financial%20integration%20and%20the%20ASEAN.pdf Wan Ngah, Wan Azman Saini and Mohamed, Azali and Habibullah, Muzafar Shah and Matthews, K. G. (2002) Financial integration and the ASEAN-5 equity markets. Applied Economics, 34 (18). pp. 2283-2288. ISSN 0003-6846 http://dx.doi.org/10.1080/00036840210139364 Economics Stocks 10.1080/00036840210139364 English |
| spellingShingle | Economics Stocks Wan Ngah, Wan Azman Saini Mohamed, Azali Habibullah, Muzafar Shah Matthews, K. G. Financial integration and the ASEAN-5 equity markets |
| title | Financial integration and the ASEAN-5 equity markets |
| title_full | Financial integration and the ASEAN-5 equity markets |
| title_fullStr | Financial integration and the ASEAN-5 equity markets |
| title_full_unstemmed | Financial integration and the ASEAN-5 equity markets |
| title_short | Financial integration and the ASEAN-5 equity markets |
| title_sort | financial integration and the asean 5 equity markets |
| topic | Economics Stocks |
| url | http://psasir.upm.edu.my/id/eprint/8766/1/Financial%20integration%20and%20the%20ASEAN.pdf |
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