Spatio-temporal Analysis of Convergence of Development Level of Selected Stock Exchanges in the Period of 2004–2012

dc.contributor.author	Szulc, Elżbieta
dc.contributor.author	Wleklińska, Dagna
dc.date.accessioned	2016-06-23T06:14:24Z
dc.date.available	2016-06-23T06:14:24Z
dc.date.issued	2016-02-17
dc.identifier.citation	Dynamic Econometric Models, Vol. 15, pp. 5−26
dc.identifier.issn	2450-7067
dc.identifier.other	doi:10.12775/DEM.2015.001
dc.identifier.uri	http://repozytorium.umk.pl/handle/item/3634
dc.description.abstract	The paper concerns the convergence of selected stock exchanges from the point of view of their development. It presents the methodological approach which points up taking into account spatial and economic connections among stock markets in convergence analyses. In this analysis the need for division of the stock exchanges according to a spatial regimes is pointed up as well. The research includes 42 largest trading floors analyzed in the period of 2004-2012. The empirical data refer to six diagnostic variables acknowledged as the important determinants of the development of stock markets.
dc.language.iso	eng
dc.rights	Attribution-NoDerivs 3.0 Poland
dc.rights	info:eu-repo/semantics/openAccess
dc.rights.uri	http://creativecommons.org/licenses/by-nd/3.0/pl/
dc.subject	stock exchanges
dc.subject	convergence
dc.subject	spatial regimes
dc.subject	physical and economic distance
dc.subject	connectivity matrix
dc.subject	spatial panel models
dc.title	Spatio-temporal Analysis of Convergence of Development Level of Selected Stock Exchanges in the Period of 2004–2012
dc.type	info:eu-repo/semantics/article