摘要：This study aims at exploring the relationship between South Asian Equity Markets.Four major South Asian Equity Markets (Karachi Stock Exchange, Bombay Stock Exchange,Colombo Stock Exchange and Dhaka Stock Exchange) were taken to explore this relationship.Data was taken from the year 1999 to 2009 on monthly basis. Data Analysis was conductedusing co-integration Analysis for the long run relationship and VECM (Vector Error CorrectionModel) for the short run relationship. For the purpose of stationary of data, Unit root test wasused and all series were found integrated at first difference. Co-integration Analysis indicatedthat there exists no long run relationship among the equity markets of South Asia. VECM showsthe similar results and no relationship found among these markets in short run.
关键词：international portofolio; equity markets; South Asia
