Financial integration and the ASEAN-5 equity markets

W. N.W. Azman-Saini; M. Azali; M. S. Habibullah; K. G. Matthews

doi:10.1080/00036840210139364

Financial integration and the ASEAN-5 equity markets

W. N.W. Azman-Saini
, M. Azali
, M. S. Habibullah
, K. G. Matthews^*

^*Corresponding author for this work

Research output: Journal Publication › Article › peer-review

49 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	2283-2288
Number of pages	6
Journal	Applied Economics
Volume	34
Issue number	18
DOIs	https://doi.org/10.1080/00036840210139364
Publication status	Published - 15 Dec 2002
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 17 Partnerships for the Goals

ASJC Scopus subject areas

Economics and Econometrics

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10.1080/00036840210139364

Cite this

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AU - Habibullah, M. S.

AU - Matthews, K. G.

PY - 2002/12/15

Y1 - 2002/12/15

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AB - 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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DO - 10.1080/00036840210139364

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Financial integration and the ASEAN-5 equity markets

Abstract

UN SDGs

ASJC Scopus subject areas

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