| Summary: | 碩士 === 國立中山大學 === 大陸研究所 === 84 === As the progress of information spread and decrease of capital
flow barriers,the mutual influence of international stock
market increase day by day. As a result,the relation- ship
among inter-national stock martkets is more important for the
international portfolio diversification. Due to the fact that
past researchers have taken data time series as stationary,and
used normal distribution. Therefore in this thesis,I make sure
that data time series is unstationary by using the Unit Root
Test,then proceed with the Cointe- gration Test. The result of
Cointegration Test shows that there is a long-run equilibrium
among international stock markets.
|
|---|
