An Analysis of Relationship between the US and the Japanese Stock Market Over Time
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Abstract
This study attempts to investigate and analyze whether there exists an integrating relationship between the stock markets of US and Japan. The nature and strength of the relationship and how it has changed over time is analyzed to study the linear paradigm that is often suggested. Theoretically, there is no reason to believe that the economic systems are intrinsically linear, however, the results show a surprisingly strong relationship over time.
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