Equity market integration in the Asia-Pacific region: a smooth transition analysis

Patricia L. Chelley-Steeley

doi:10.1016/j.irfa.2004.02.016

Equity market integration in the Asia-Pacific region: a smooth transition analysis

Patricia L. Chelley-Steeley^*

^*Corresponding author for this work

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Research output: Contribution to journal › Article › peer-review

Abstract

We use a smooth transition logistic function to test for equity market integration in a sample of Asia-Pacific countries. This allows us to gauge the speed at which a market is becoming integrated. Of the countries we examine we find that Thailand has the fastest pace of global integration. When we examine the extent to which local integration is taking place, we find that Singapore is experiencing the fastest rise in market integration. © 2004 Published by Elsevier Inc.

Original language	English
Pages (from-to)	621-632
Number of pages	12
Journal	International Review of Financial Analysis
Volume	13
Issue number	5
DOIs	https://doi.org/10.1016/j.irfa.2004.02.016
Publication status	Published - 2004

Bibliographical note

The papers in this special issue have been selected from the symposium on International Equity Integration, held in the Institute for International Integration Studies at Trinity College Dublin on 9th June 2003

Keywords

equity market integration
international diversification
logistic trend function

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10.1016/j.irfa.2004.02.016

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abstract = "We use a smooth transition logistic function to test for equity market integration in a sample of Asia-Pacific countries. This allows us to gauge the speed at which a market is becoming integrated. Of the countries we examine we find that Thailand has the fastest pace of global integration. When we examine the extent to which local integration is taking place, we find that Singapore is experiencing the fastest rise in market integration. {\textcopyright} 2004 Published by Elsevier Inc.",

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ER -

Equity market integration in the Asia-Pacific region: a smooth transition analysis

Abstract

Bibliographical note

Keywords

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