Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/62818 
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dc.contributor.authorQin, Duoen
dc.contributor.authorCagas, Marie Anneen
dc.contributor.authorDucanes, Geoffreyen
dc.contributor.authorMagtibay-Ramos, Nedelynen
dc.contributor.authorQuising, Pilipinas F.en
dc.date.accessioned2012-09-20T12:59:17Z-
dc.date.available2012-09-20T12:59:17Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/62818-
dc.description.abstractThis paper examines empirically the dynamic process of regional market integration for twelve individual Asian economies by a new modeling approach, which combines DF with ECM. This new approach enables us to obtain latent regional dynamic factors, which correspond well with the 'foreign' parity variables in theory when market is imperfectly integrated and which act, in explaining domestic short-run price adjustments, as leading-indicators in an error-correction form. The power of the DF-ECM approach is illustrated in its application to measuring market integration in the developing Asian region using monthly data of the past decade.en
dc.language.isoengen
dc.publisher|aQueen Mary University of London, Department of Economics |cLondonen
dc.relation.ispartofseries|aWorking Paper |x565en
dc.subject.jelF31en
dc.subject.jelF40en
dc.subject.jelF15en
dc.subject.jelC22en
dc.subject.jelC33en
dc.subject.ddc330en
dc.subject.keywordLaw of one price, Market integration, Dynamic factor, Error-correction modelen
dc.titleMeasuring regional market integration by dynamic factor error correction model (DF-ECM) approach: The case of developing Asia-
dc.typeWorking Paperen
dc.identifier.ppn517658186en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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