Dynamic Inter-Linkages Among Equity Market in Select Emerging Econonmies-An Econometric Study

Abstract

The paper studies dynamic linkages among the equity markets of Mexico, Indonesia, Nigeria and Turkey (MINT) with an objective to investigate the correlations and causation among these markets. The authors have tested the time series for stationarity by applying the Augmented Dickey Fuller test and Phillip Peron test. Thereafter, uni-directional and bi-directional causality was tested u ing Granger Causality test.