Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Poza, Carlos - 2019
indices, namely the FTSE100 (UK), DAX30 (Germany), CAC40 (France), IBEX35 (Spain) and FTSE MIB40 (Italy), using fractional … found to exhibit unit roots and the latter to be I(0) in most cases. Further, between 2 and 4 structural breaks are found …This paper examines persistence, structural breaks and non-linearities in the case of five European stock market …