DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-4,Issue-7 ( Jul, 2018 ) | |||||||||
Paper Title |
Integration of European Union, Nafta and Asia Stock Markets | |||||||||
Author Name |
Umi Mujahadah | |||||||||
Affilition |
Faculty of Economics and Business, University of Indonesia, Jakarta, Indonesia | |||||||||
Pages |
110-114 | |||||||||
Abstract |
This study examines the integration of European Union, NAFTA and Asia stock markets. These countries include, England, France, German, USA, Canada, Mexico, Indonesia, Malaysia, Singapore, Philippines, Thailand, Hongkong, China, Japan and South of Korea period starting from January 2008 to December 2016. Unit root, Co-integration test, Vector Autoregressive (VAR) and Granger Causality Test are employed. The results showed that Stock markets of European Union, NAFTA and Asia countries are integrated with other stock markets. Furthermore, United states have a significant impact with other stock market. Keywords - Stock prices, financial integration, Johansen cointegration, VAR. | |||||||||
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