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Equity market integration in the Asia Pacific region: Evidence from discount factors |
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| Authors: | Edda Claus Brian M. Lucey |
| Affiliation: | a Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, Level 7, Alan Gilbert Building, 161 Barry Street, Parkville, Victoria 3010, Australia b Institute for International Integration Studies, Trinity College Dublin, Ireland c School of Business, Trinity College Dublin, Ireland |
| Abstract: | The paper investigates stock market integration among 10 economies in the Asia Pacific region over the period April to May 2006 based on a recently developed technique that relies on estimating expected discount rates; see [Flood and Rose, 2005a] and [Flood and Rose, 2005b]. The results show a limited but varying degree of stock market integration among the 10 economies. Membership in a formal economic organization does not seem to affect the degree of integration. |
| Keywords: | G15 C33 |
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