The dynamics of international equity markets in Asia, Europe and America in term of economic globalization

Abstract

100 has international investment financial integration with all the markets of Asian, European and American Equity markets. Hang-Seng was showing the cointegration with PSX-100 and provides more opportunities of returns for investors. KLSE and BSX were found to be a cointegration effect; there exist relationship of NASDAQ with PSX-100 and American equity markets. There found Bivariate Causality of S&P500 with PSX-100 and S&P500 with IPC. A short run relationship of FTSE with PSX-100 and PSX-100 with IPC exist. The global investment rate of return can have implications to income and economic growth. The economic growth can have best implication for value of assets of the country. This study will support while decision making on escalation process which is dependent on transmission patterns at economic globalization.