Kumar, Saten; Sen, Rahul; Shrivastava, Sadhana Srivastava - Faculty of Business, Auckland University of Technology - 2014
It is well known that high levels of regional integration enable portfolio risk diversification and capital mobility. While there have been a number of empirical attempts to verify the presence of capital mobility using the Feldstein-Horioka (FH) approach, none of them to the best of our...