Hasanov, Mubariz - In: Applied Economics Letters 16 (2009) 2, pp. 163-167
In this article we re-examine efficiency of the South Korea's stock market, extending recent work of Narayan and Smyth (2004). For this purpose we apply the nonlinear unit root test procedure recently developed by Kapetanios et al. (2003). The nonlinear unit root test rejects the null hypothesis...
