ANALYSIS OF REGIONAL STOCK MARKETS FOR INVESTMENT & DIVERSIFICATION PERSPECTIVE: EVIDENCE FROM PAKISTAN, CHINA & INDIAN STOCK MARKETS

Authors

  • Lala Rukh Assistant Professor, Center for Management and Commerce, University of Swat, KP, Pakistan
  • Alamzeb Associate Professor, Department of Tourism & Hotel Management, University of Malakand, Pakistan
  • Shafiq Ur Rehman Professor, Department for Commerce and Management Sciences, University of Malakand, Pakistan

DOI:

https://doi.org/10.53664/JSRD/05-01-2024-02-13-25

Abstract

The academic ramification of research is that it is one of few that provides a comprehensive analysis of regional market cointegration. One of this study methods is application of pairwise cointegration that is useful for figuring out strength of long-term link amid two variables. In order to reap benefits of diversity, it is better to invest locally rather than traveling to another region, which is why this study investigates new options for academicians to examine long-term interaction between regional stock markets. Study employs most efficient pairwise cointegrated approach to illustrate precise link amid two variables. Daily data of these countries' stock market indices from 2002-2018, used to study stock market co-movement/co-integration. The statistical tests were applied like Dickey Fuller test, regression & co-variance. Pairwise co-integration is examined after confirming combine co integration of three markets. Results show that there is no cointegration amid stock markets of Pakistan China & India. So, Pakistani investors have chance to participate in other two markets at a time when it appears to be lucrative investment portfolio.

Details

    Abstract Views: 72
    PDF Downloads: 30

Published

15-03-2024

How to Cite

Lala Rukh, Alamzeb, & Shafiq Ur Rehman. (2024). ANALYSIS OF REGIONAL STOCK MARKETS FOR INVESTMENT & DIVERSIFICATION PERSPECTIVE: EVIDENCE FROM PAKISTAN, CHINA & INDIAN STOCK MARKETS. JOURNAL OF SOCIAL RESEARCH DEVELOPMENT, 5(1), 13–25. https://doi.org/10.53664/JSRD/05-01-2024-02-13-25

Issue

Section

Articles