International Research Journal of Business Studies (E-Journal)
Vol 12, No 2 (2019): August - November 2019

Stock Market Integration among Asian Economies in a Case of India, China and Japan

Bhullar*, Pritpal Singh (University Business School, Maharaja Ranjit Singh Punjab Technical University, Dabwali Rd, Lal Singh Nagar, Bathinda, Punjab 151001, India)



Article Info

Publish Date
31 Jul 2019

Abstract

Globalization has opened the door for global investors to avoid the saturation of investment opportunities in the domestic market. Latest technological advancement, accessibility to financial and global information, liberalization and globalization put the global market into a new investment framework. The present paper aims to examine the level of cointegration between three big Asian economic powers India, China and Japan. Twenty-years data has been analyzed by applying Johansen Cointegration, Vector Error Correction Model, and other econometric statistical tests in E-Views. The findings suggest a long-run relationship between India (BSE) and Japan Stock indices (Nikkie), but no such integration find of these two stock indices with China Stock Exchange (Shanghai).Keywords:Asian Economies, Stock Indices, VECM, Johansen Cointegration Test, E-Views*University Business School, Maharaja Ranjit Singh Punjab Technical University, Dabwali Rd, Lal Singh Nagar, Bathinda, Punjab 151001, India. https://doi.org/10.21632/irjbs.12.2.137-143

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Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS), with registered number ISSN 2089-6271 (Print) and ISSN 2338-4565 (Online), is an open access and peer-reviewed scientific journal published by Prasetiya Mulya Publishing, Universitas Prasetiya Mulya. IRJBS published three times a year ...