Ahad, Muhammad; Anwer, Zaheer; Ahmad, Wasim - In: International Journal of Emerging Markets 17 (2021) 8, pp. 1815-1839
/methodology/approach: The order of integration is tested through ADF and PP unit root tests. The robustness of unit root test is testified via … are used to distinguish leader from the followers. Findings: The unit root test shows that the order of integration is one …