Mushtaq, Rizwan; Shah, Syed Zulfiqar Ali - In: Panoeconomicus 61 (2014) 2, pp. 241-252
This paper explores the dynamic liaison between US and three developing South Asian equity markets in short and long term. To gauge the long-term relationship, we applied Johansen co-integration procedure as all the representative indices are found to be non-stationary at level. The findings...