Skip to main content

A note on efficiency of Australian and New Zealand stock markets

Buy Article:

$55.00 plus tax (Refund Policy)

Abstract:

In this article we re-examine efficiency of the Australia's and New Zealand's stock markets, extending recent work of Narayan (2005). For this purpose we apply the nonlinear unit root test procedure recently developed by Kapetanios et al. (2003). The nonlinear unit root tests reject the null hypothesis of unit root, suggesting that the both stock markets are not weak form efficient, contrary to the findings of Narayan (2005).

Document Type: Research Article

DOI: https://doi.org/10.1080/00036840600994286

Affiliations: Department of Economics, Hacettepe University, Ankara, Turkey

Publication date: 2009-01-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more