Nartea, Gilbert; Hu, Bo; Hu, Baiding - In: Philippine Review of Economics 50 (2013) 1, pp. 45-56
and Thorley’s [1994] duration dependence test to examine the presence of rational speculative bubbles—a special case of … speculative bubbles in the Philippines using both monthly and weekly returns. This implies that the long run-ups in prices and the … speculative bubbles—in the Philippine stock market over the period from 1991 to 2009. We do not detect the presence of rational …