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Inter-linkages Among Selected Stock Markets of South Asia: Revisit

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  • Suman

Abstract

The present study investigates the inter linkages among South Asian stock markets namely India, Sri Lanka and Pakistan. The topic is important for international investors because if the stock markets are found integrated with each other then they cannot reap profits from portfolio diversification or reduction in risk. Daily closing prices of the bench mark indices of three countries are taken for a period from 1 Jan. 2001 to 23th Feb. 2023. The paper used statistical tools such as descriptive statistics and correlation analysis and on the other hand, the econometric techniques namely Johansen¡¯s Co integration test, VAR, Variance Decomposition Analysis, Impulse response function and Granger causality test and the selected stock markets are found interlinked in long run as well as in short run.

Suggested Citation

  • Suman, 2024. "Inter-linkages Among Selected Stock Markets of South Asia: Revisit," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 15(2), pages 1-13, April.
    • Handle: RePEc:jfr:ijfr11:v:15:y:2024:i:2:p:1-13
    DOI: 10.5430/ijfr.v15n2p1
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    References listed on IDEAS

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    1. Subhani, Muhammad Imtiaz & Hasan, Syed Akif & Mehar, Dr. Ayub & Osman, Ms. Amber, 2011. "Are the Major South Asian Equity Markets Co-Integrated?," MPRA Paper 34737, University Library of Munich, Germany, revised 2011.
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