Advanced and Emergent Equity Market Behaviour
Tarika Singh Sikarwar1, Payal Malani Holani2
1Dr. Tarika Singh Sikarwar*, Professor, Prestige Institute of Management Gwalior, India.
2Ms. PayalMalani (Holani), Research Scholar, Department of Commerce, Jiwaji University, Gwalior (M.P.) India.
Manuscript received on December 11, 2019. | Revised Manuscript received on December 22, 2019. | Manuscript published on January 10, 2020. | PP: 1486-1494 | Volume-9 Issue-3, January 2020. | Retrieval Number: C8202019320/2020©BEIESP | DOI: 10.35940/ijitee.C8202.019320
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The drive of this work is to observe the bidirectional association in a section of advanced and emergent equity market places at diverse points of time. For the study purpose top ten Advanced and emergent markets are taken into consideration. Daily closing prices of these markets’ representative index were taken over a period of twenty-three years. Granger Causality Test was applid after checking the assumption of causality. An existence of bidirectional relational was established for nations. VAR test was also applied further to estimate the causality in the short term.
Keywords: Granger Causality, Development, Emergent Markets, Stock Market Behaviour, Vector Auto-Regression.
Scope of the Article: Regression and prediction