capital integration with cointegration techniques. This approach minimizes the risk of accepting the null of no cointegration … provide partial support in favor of cointegration, and therefore for capital markets integration, among stock market indices … when proper attention is given to issues like the identification and temporal stability of the cointegration vectors as …

between the variables. The evidence reveals that there is a strong long-run cointegration. The robustness of the ARDL bounds … test cointegration was confirmed using the newly-developed combined cointegration, which also provided the same evidence … for a strong long-run relationship. The Granger causality test results indicate a long-run bidirectional causality between …

cointegration analysis. Based on the estimated models, the thesis of the existence of a long-run relationship between the studied … test of causality were applied. The study was conducted using monthly data covering quotes from August 2012 to April 2021 …

The existing literature has explained the causality flow from the exchange rates toward the stock market without … affecting the nonlinear causality flowing from the exchange rates toward the stock market indexes of the ASEAN-5 region. The … the conventional symmetrical panel ARDL (PARDL) model was not able to formulate long-run cointegration between currency …

income. The significance of this link increases with economic integration. -- Cointegration ; European integration …