Show simple item record

dc.contributor.authorWorthington, Andrew
dc.contributor.authorHiggs, Helen
dc.date.accessioned2017-10-03T05:31:55Z
dc.date.available2017-10-03T05:31:55Z
dc.date.issued2010
dc.date.modified2011-04-12T06:12:43Z
dc.identifier.issn1225-651Xen_US
dc.identifier.doi10.11130/jei.2010.25.3.457en_US
dc.identifier.urihttp://hdl.handle.net/10072/37765
dc.description.abstractThis paper measures financial integration among selected European Union equity markets over the period July 1990 to June 2006 using daily data. Eleven markets (Austria, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Spain and the United Kingdom) are included in the analysis. Panel unit root tests are used to test for non-stationarity, and multivariate cointegration, Granger causality and level VAR procedures and variance decompositions are conducted to examine the equilibrium and causal relationships among these markets. The results indicate that there is a stationary long-run equilibrium relationship among and significant and substantial short and long run causal linkages between these markets. The findings offer complementary evidence that a high level of financial integration now prevails in the region.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherSejong Universityen_US
dc.publisher.placeKoreaen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom455en_US
dc.relation.ispartofpageto477en_US
dc.relation.ispartofissue3en_US
dc.relation.ispartofjournalJournal of Economic Integrationen_US
dc.relation.ispartofvolume25en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchInternational Economics and International Financeen_US
dc.subject.fieldofresearchcode140210en_US
dc.titleAssessing Financial Integration in the European Union Equity Markets: Panel Unit Root and Multivariate Cointegration and Causality Evidenceen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
dc.description.versionPublisheden_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.rights.copyrightCopyright 2010 Journal of Economic Integration. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_US
gro.date.issued2010
gro.hasfulltextFull Text


Files in this item

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record