Abstract
This study employs a new test to detect the existence of stochastic explosive root bubbles. We find evidence of bubbles in stock markets of Taiwan, Malaysia, Indonesia, the Philippines and Thailand, but no evidence of bubbles in South Korea over our sample period.
Original language | English |
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Pages (from-to) | 185-188 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 99 |
Issue number | 1 |
DOIs | |
Publication status | Published - Apr 2008 |
User-Defined Keywords
- Asian stock markets
- Bubbles
- C13
- C32
- Cointegration tests
- E3