Narayan, Seema; Ur Rehman, Mobeen; Ren, Yi-Shuai; Ma, … - In: Financial innovation : FIN 9 (2023) 1, pp. 1-26
correlations. In the presence of selected economic and financial conditions, long-term diversification gains for each regional … cointegration results suggest that selecting a low-correlated portfolio to maximize diversification gains does not necessarily … result in long-term diversification gains. Our empirical method, which also permits the estimation of cointegrating …