Financial integration in East Asia: Evidence from panel unit root and panel cointegration tests

The aim of this paper is to investigate the degree of financial integration for selected East Asian countries from 1988 to 2006 using the recently developed panel unit root and panel cointegration techniques. Investment and savings rates are found to be nonstationary and not to be cointegrated in pa...

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Veröffentlicht in:	Journal of Asian economics 2009-05, Vol.20 (3), p.314-326
1. Verfasser:	Guillaumin, Cyriac
Format:	Artikel
Sprache:	eng
Schlagworte:	Cointegration analysis East Asia Economic models Feldstein–Horioka puzzle Financial integration Financial integration Feldstein-Horioka puzzle Nonstationary panel data Panel cointegration East Asia Investment Investments Nonstationary panel data Panel cointegration Regional development Saving Savings Studies Trade liberalization
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