On the path of integration in the Gulf region

Applied Economics

Volumn 37, Issue 9, 2005, Pages 1055-1062

  Darrat, Ali F ^a,b   Al Shamsi, Fatima S ^c  

^a LOUISIANA TECH UNIVERSITY   (United States)

^b AMERICAN UNIVERSITY OF SHARJAH   (United Arab Emirates)

^c UNITED ARAB EMIRATES UNIVERSITY   (United Arab Emirates)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC INTEGRATION; ECONOMIC RELATIONS; POLITICAL RELATIONS;

ASIA; EASTERN HEMISPHERE; EURASIA; MIDDLE EAST; WORLD;

EID: 21244440212     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/00036840500109027     Document Type: Article

References (23)

1. Abel, A. B. and Bernanke, B. S. (2005) Macroeconomics, 4th edn, Addison Wesley, Boston.
2. Al-Atrash, H. and Yousef, T. (2000) Intra-Arab trade: is it too low?, IMF Working Paper No. 00101.
3. Bowe, M. and Mylonidis, N. (1999) Is the European capital market ready for the single currency?, Journal of Business Finance and Accounting, 26, 1-32.
4. Chan, C., Gup, B. E. and Pan, M. S. (1997) International stock market efficiency and integration: a study of eighteen nations, Journal of Business Finance and Accounting, 24, 803-13.
5. Cheung, C. S. and Lee, J. (1993) Integration versus segmentation in the Korean stock market, Journal of Business Finance and Accounting, 20, 267-73.
6. Cheung, Y. and Lai, K. S. (1993) Finite-sample size of Johansen's likelihood ratio test for cointegration, Oxford Bulletin of Economics and Statistics, 55, 313-28.
7. Dar, A. H. and Presley, J. R. (2001) The Gulf cooperation council: a slow path to integration, World Economy, 24, 1161-78.
8. Darrat, A. F. and Zhong, M. (2002) Permanent and transitory driving forces in the Asian-Pacific stock markets, The Financial Review, 37, 35-52.
9. Dickey, D. A., Jansen, D. W. and Thornton, D. L. (1991) A primer on cointegration with an application to money and income, Federal Reserve Bank of St. Louis Review, 73, 58-78.
10. Enders, W. (1995) Applied Econometrics Time Series, John Wiley & Sons, New York.
11. Engle, R. and Granger, C. W. J. (1987) Cointegration and error-correction: representation, estimation and testing, Econometrica, 55, 252-76.
12. Ghosh, A., Saidi, R. and Johnson, K. H. (1999) Who moves the Asian-Pacific stock markets - US or Japan?, The Financial Review, 34, 159-70.
13. Gonzalo, J. (1994) Five alternative methods of estimating long-run equilibrium relationships, Journal of Econometrics, 60, 203-33.
14. Granger, C. W. J. and Newbold, P. (1974) Spurious regressions in econometrics, Journal of Econometrics, 2, 111-20.
15. Hakkio, C. S. and Rush, M. (1991) Cointegration: how short is the long-run?, Journal of International Money and Finance, 10, 571-82.
16. Johansen, S. (1995) Likelihood-Based Inference in Cointegrated Vector Autoregressive Models, Oxford University Press, New York.
17. Johansen, S. and Juselius, K. (1990) Maximum likelihood estimation and inferences on cointegration with a application to the demand for money, Oxford Bulletin of Economics and Statistics, 52, 169-209.
18. Kwan, A. C., Sims, A. B. and Cotsomitis, J. A. (1995) The causal relationships between equity indices on world exchange, Applied Economics, 27, 33-7.
19. Pantula, S. G., Gonzalez-Farias, G. and Fuller, W. A. (1994) A comparison of unit root tests criteria, Journal of Business and Economics Statistics, 12, 449-59.
20. Phillips, P. C. B. (1986) Understanding spurious regressions in econometrics, Journal of Econometrics, 33, 311-80.
21. Phillips, P. C. B. and Perron, P. (1988) Testing for a unit root in times series regressions, Biometrica, 75, 335-46.
22. Phylaktis, K. (1999) Capital market integration in the Pacific Basin region: an impulse response analysis, Journal of International Money and Finance, 18, 267-87.
23. Stock, J. and Watson, M. (1989) Interpreting the evidence on money-income causality, Journal of Econometrics, 40, 161-82.