Chen, Yu-Fen; Chiang, Thomas C.; Lin, Fu-Lai; Yang, … - In: Advances in Pacific Basin business, economics and finance, (pp. 175-193). 2021
This chapter examines herd behavior across national borders. A dynamic latent factor model with Gibbs sampling is used to decompose the national herd behavior into the world, regional, and country-specific components. Testing the daily data from 2000 through 2014 for 47 countries, we find that...
