Aloy, Marcel; Boutahar, Mohamed; Gente, Karine; … - In: Applied Economics 45 (2013) 7, pp. 817-828
The recent empirical literature supports the view that most of the international stock prices are not pairwise cointegrated. However, by using fractional cointegration techniques, this article shows that France, Germany, Hong Kong and Japan's stock prices indices are pairwise fractionally...