IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v69y1993i207p405-10.html
   My bibliography  Save this article

The Semi-strong Efficiency of the Australian Share Market

Author

Listed:
  • Groenewold, Nicolaas
  • Kuay, Chin Kang

Abstract

This paper tests the weak and semistrong forms of the efficient-markets hypothesis using data on the Australian share market in the 1980s. The tests are based on aggregate share price indexes and the semistrong efficiency tests use macroeconomic data. The weak-form tests examine the autocorrelation structure of share returns and test for unit roots in share prices. The data are found to be consistent with the efficient-markets hypothesis. Copyright 1993 by The Economic Society of Australia.

Suggested Citation

  • Groenewold, Nicolaas & Kuay, Chin Kang, 1993. "The Semi-strong Efficiency of the Australian Share Market," The Economic Record, The Economic Society of Australia, vol. 69(207), pages 405-410, December.
  • Handle: RePEc:bla:ecorec:v:69:y:1993:i:207:p:405-10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    as
    1. Rod O'Donnell, 1992. "The Unwritten Books and Papers of J. M. Keynes," History of Political Economy, Duke University Press, vol. 24(4), pages 767-817, Winter.
    2. McCloskey,Deirdre N., 1994. "Knowledge and Persuasion in Economics," Cambridge Books, Cambridge University Press, number 9780521436038, March.
    3. McCloskey,Deirdre N., 1994. "Knowledge and Persuasion in Economics," Cambridge Books, Cambridge University Press, number 9780521434751, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. N. Groenewold & P. Fraser, 1997. "Time-varying betas & macroeconomic influences," Economics Discussion / Working Papers 97-09, The University of Western Australia, Department of Economics.
    2. Ollikka, Kimmo & Remes, Piia & Ollikainen Markku, 2012. "Informational Efficiency of the EU ETS market – a study of price predictability and profitable trading," Working Papers 28, Government Institute for Economic Research Finland (VATT).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:69:y:1993:i:207:p:405-10. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/esausea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.