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Kunlin Hsieh, Yuching Hsieh and Shigeyuki Hamori
 
''The Interdependence of Taiwanese and Japanese Stock Prices''
( 2010, Vol. 30 No.1 )
 
 
This paper empirically analyzes the relationship among the prices of Taiwanese stocks, Japanese stocks, and crude oil from January 1980 to July 2008. It provides some interesting results: (1) crude oil prices made an impact on Japanese stock prices, while the latter exerted a strong influence on Taiwanese stock prices during the period of Japan's economic growth; (2) however, no causality was observed among the variables during the Japanese economy's "lost decade"; and (3) causality from Japanese stock prices and crude oil prices to Taiwanese stock prices was observed during the period of Japan's economic recovery.
 
 
Keywords: Taiwanese stock prices, Japanese stock prices, LA-VAR
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
O1 - Economic Development: General
 
Manuscript Received : Mar 16 2010 Manuscript Accepted : Mar 29 2010

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