Abraham, Abraham; Madani, Haider - In: International Journal of Monetary Economics and Finance 5 (2012) 1, pp. 87-98
This paper examined the linkages between the equity markets in the Gulf Cooperation Council's (GCC) region. Specifically, we applied a bounded test using an Auto Regressive-Distributed Lag (ARDL) model to determine if the markets are co-integrated. In contrast to traditional co-integration...