Testing for stochastic explosive root bubbles in Asian emerging stock markets

Chan Hing-linDr. WOO Kai Yin2021-02-222021-02-222008Economics Letters, Apr. 2008, vol. 99(1), pp. 185-188.0165-17651873-7374http://hdl.handle.net/20.500.11861/6409This study employs a new test to detect the existence of stochastic explosive root bubbles. We find evidence of bubbles in stock markets of Taiwan, Malaysia, Indonesia, the Philippines and Thailand, but no evidence of bubbles in South Korea over our sample period.enTesting for stochastic explosive root bubbles in Asian emerging stock marketsPeer Reviewed Journal Article10.1016/j.econlet.2007.06.024