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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...

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Main Authors: Wan Ngah, Wan Azman Saini, Mohamed, Azali, Habibullah, Muzafar Shah, Matthews, K. G.
Format: Article
Language:English
English
Published: Informa plc 2002
Online Access:http://psasir.upm.edu.my/id/eprint/8766/1/Financial%20integration%20and%20the%20ASEAN.pdf
http://psasir.upm.edu.my/id/eprint/8766/
http://dx.doi.org/10.1080/00036840210139364
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spelling my.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 10.1080/00036840210139364 English
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
English
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.
format Article
author Wan Ngah, Wan Azman Saini
Mohamed, Azali
Habibullah, Muzafar Shah
Matthews, K. G.
spellingShingle Wan Ngah, Wan Azman Saini
Mohamed, Azali
Habibullah, Muzafar Shah
Matthews, K. G.
Financial integration and the ASEAN-5 equity markets
author_facet Wan Ngah, Wan Azman Saini
Mohamed, Azali
Habibullah, Muzafar Shah
Matthews, K. G.
author_sort Wan Ngah, Wan Azman Saini
title Financial integration and the ASEAN-5 equity markets
title_short 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_sort financial integration and the asean-5 equity markets
publisher Informa plc
publishDate 2002
url http://psasir.upm.edu.my/id/eprint/8766/1/Financial%20integration%20and%20the%20ASEAN.pdf
http://psasir.upm.edu.my/id/eprint/8766/
http://dx.doi.org/10.1080/00036840210139364
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score 13.160551

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