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- W67996188 abstract "This paper examines the dynamic relationship among stock markets returns using daily data from April 2003, to December, 2011 for five equity market indices of developing and developed countries. We apply Johnson’s Co-Integration and Unit-Root Tests to identify the correlation and co-integration of these five equity markets during the global financial crisis 2008. The analysis reveals a dynamic correlation between the equity markets of developing countries (i.e Pakistan & India) and developed countries (Europe). However the co-integration is weak among these countries which imply less intense spillover effect of the financial crisis on developing countries." @default.
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- W67996188 date "2012-01-01" @default.
- W67996188 modified "2023-09-23" @default.
- W67996188 title "Correlation Dynamics of Equity Markets in Pakistan and India: A Comparative Study in the Context of Financial Crisis" @default.
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- W67996188 doi "https://doi.org/10.2139/ssrn.2169818" @default.
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