Financial liberalization and stock markets efficiency: New evidence from emerging economies

2013 ◽  
Vol 17 ◽  
pp. 186-208 ◽  
Author(s):  
Aymen Ben Rejeb ◽  
Adel Boughrara
Keyword(s):  
Emerging Economies ◽  
Stock Markets ◽  
Financial Liberalization ◽  
New Evidence

scholarly journals Exchange rates and stock markets in emerging economies: new evidence using the Quantile-on-Quantile approach

2021 ◽  
Vol 5 (1) ◽  
pp. 94-110
Author(s):  
Korhan Gokmenoglu ◽  
◽  
Baris Memduh Eren ◽  
Siamand Hesami ◽  
Keyword(s):  
Exchange Rates ◽  
Emerging Economies ◽  
Stock Markets ◽  
New Evidence

scholarly journals Linkages between gold and emerging Asian stock markets: New evidence from the Chinese stock market crash

2021 ◽  
Vol 39 (2) ◽  
Author(s):  
Imran Yousaf ◽  
Shoaib Ali
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Stock Markets ◽  
Global Financial Crisis ◽  
Chinese Stock Market ◽  
Stock Market Crash ◽  
Volatility Spillovers ◽  
Hedge Ratios ◽  
The Global Financial Crisis ◽  
New Evidence

This study examines the return and volatility transmission between gold and nine emerging Asian Stock Markets during the global financial crisis and the Chinese stock market crash. We use the VAR-AGARCH model to estimate return and volatility spillovers over the period from January 2000 through June 30, 2018. The results reveal the substantial return and volatility spillovers between the gold and emerging Asian stock markets during the global financial crisis and the Chinese stock market crash. However, these return and volatility transmissions vary across the pairs of stock markets and the financial crises. Besides, we analyze the optimal portfolios and hedge ratios between gold and emerging Asian stock markets during all sample periods. Our findings have important implications for effective hedging and diversification strategies, asset pricing and risk management.

scholarly journals Global value chains and technology transfer: new evidence from developing countries

2020 ◽  
Author(s):  
Davide Rigo
Keyword(s):  
Technology Transfer ◽  
Emerging Economies ◽  
Global Value Chains ◽  
Value Chains ◽  
Foreign Technology ◽  
Technology Firms ◽  
Transfer Of Technology ◽  
Enterprise Surveys ◽  
New Evidence ◽  
Positive Effect

Abstract International trade has long been considered a channel of technology transfer. This paper draws from the World Bank’s Enterprise Surveys to provide a sample of 18 developing and emerging economies to investigate whether global value chains (GVCs) are a vehicle for the transfer of technology. It focuses on one specific channel for technology transfer, namely, the licensing of foreign technology. To control for the possible endogeneity of technology licensing, propensity score matching is combined with a difference-in-differences approach. The results show a positive effect of being involved in two-way trading on the licensing of foreign technology. Firms that become two-way traders are significantly more likely to use foreign-licensed technology than firms starting to export or import. This evidence suggests that the complexity associated with the mode of internationalisation determines the licensing of foreign technology. GVC participation also appears to foster firms’ performance, reflecting my findings that the acquisition of foreign technology leads to significant productivity improvements.

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