Three Essays on the Determinants of Stock Market Interdependence

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Author(s)
Primary Supervisor
Roca, Eduardo
Gupta, Rakesh
Year published
2016
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Conventionally, Australia’s major economic partners, particularly in terms of bilateral trade, have been the USA and the UK. However, over the last two decades, there has been a significant change in Australia’s economic associations, shifting from the USA and the UK to Asian countries. This suggests that Australia is economically integrating more with Asian countries than with its traditional partners. Theories of stock market interdependence, trade and asset pricing suggest that higher economic linkages among the countries can have a considerable impact on their stock markets’ interdependence. Empirical literature also ...
View more >Conventionally, Australia’s major economic partners, particularly in terms of bilateral trade, have been the USA and the UK. However, over the last two decades, there has been a significant change in Australia’s economic associations, shifting from the USA and the UK to Asian countries. This suggests that Australia is economically integrating more with Asian countries than with its traditional partners. Theories of stock market interdependence, trade and asset pricing suggest that higher economic linkages among the countries can have a considerable impact on their stock markets’ interdependence. Empirical literature also suggests that stronger economic relations between the nations can significantly increase stock market relationships in the long-run. However, some other empirical studies documents that trade linkages have no considerable impact on stock market linkages.
View less >
View more >Conventionally, Australia’s major economic partners, particularly in terms of bilateral trade, have been the USA and the UK. However, over the last two decades, there has been a significant change in Australia’s economic associations, shifting from the USA and the UK to Asian countries. This suggests that Australia is economically integrating more with Asian countries than with its traditional partners. Theories of stock market interdependence, trade and asset pricing suggest that higher economic linkages among the countries can have a considerable impact on their stock markets’ interdependence. Empirical literature also suggests that stronger economic relations between the nations can significantly increase stock market relationships in the long-run. However, some other empirical studies documents that trade linkages have no considerable impact on stock market linkages.
View less >
Thesis Type
Thesis (PhD Doctorate)
Degree Program
Doctor of Philosophy (PhD)
School
Griffith Business School
Copyright Statement
The author owns the copyright in this thesis, unless stated otherwise.
Item Access Status
Public
Subject
Australia's trade partners
Australian trade with China
Stock market