Balli, Faruk; Balli, Hatice Ozer; Luu, Mong Ngoc - In: Economic Modelling 41 (2014) C, pp. 398-407
This paper examines the effects of local and global shocks on the sector indices and national returns of the Association of Southeast Asian Nations (ASEAN) by using the univariate AR-GARCH model. We find that regional and global shocks have different influences on the ASEAN-wide sector and...