Sehrawat, Madhu; Giri, A.K. - In: International Journal of Emerging Markets 11 (2016) 4, pp. 569-583
Purpose The purpose of this paper is to investigate the possible co-integration and the direction of causality between … breaks is used to check the stationarity. The Westerlund (2006) panel co-integration test is employed to examine the long … The Westerlund (2006) panel co-integration test confirms the existence of the long-run relationship between financial …