Conference
Capital market integration in ASEAN: A non-stationary panel data analysis
Abstract
Motivated by the establishment of ASEAN Economic Community (AEC) at the end of 2015, we examine saving-investment relationship in various subgroups of ASEAN to assess their capital market integration. The results from second generation panel unit-root and cointegration tests that account for cross-sectional dependence as well as estimates of long-run saving-retention rate provide some evidence of market integration in ASEAN. The analysis of …
Authors
Chan KS; Dang VQT; Lai JT
Volume
46
Pagination
pp. 249-260
Publisher
Elsevier
Publication Date
11 2018
DOI
10.1016/j.najef.2018.04.010
Conference proceedings
The North American Journal of Economics and Finance
ISSN
1062-9408