All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

Tsangyao Chang, Chi-Wei Su, Hsiao-Ping Chu and Hsu-Ling Chang
''Does Rational Bubbles Exist in the Taiwan Stock Market? Evidence from a Nonparametric Cointegration Test''
( 2005, Vol. 3 No.41 )
In this study, we revisit the issue as to the presence of rational bubbles in the Taiwan stock market during the June 1991 to February 2005 period using the Bierens (1997) nonparametric cointegration tests. The results from the Bierens nonparametric cointegration test attest to the absence of rational bubbles in the Taiwan stock market.
Keywords: Rational Bubbles Taiwan Stock Market Nonparametric Cointegration Test
JEL: C5 - Econometric Modeling: General
G2 - Financial Institutions and Services: General
Manuscript Received : Jul 07 2005 Manuscript Accepted : Aug 29 2005

  This abstract has been downloaded 2227 times                The Full PDF of this paper has been downloaded 153560 times