Chang, Tsangyao; Mo, Chien-Wen; Liu, Wen-Chi - In: Applied Economics Letters 16 (2009) 14, pp. 1433-1437
This study attempts to re-investigate whether there exist long-run benefits from international equity diversification between Japan and its major trading partners, Asian countries (Malaysia, Singapore, South Korea and Taiwan) and the USA, using a more powerful nonparametric cointegration test...