African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4191

Full Length Research Paper

Appling new hybrid model to evaluate dynamic relationship in high-tech Industries

Yi-Hsien Wanga
Department of Banking and Finance, Chinese Culture University, No.55, Hwa-Kang Road, Yang-Ming-Shan, Taipei, Taiwan 11114, Republic of China
Email: [email protected]

  •  Accepted: 19 May 2010
  •  Published: 04 January 2011

Abstract

 

Investigating dynamic relationship among stock markets has received considerable attention by both academics and practitioners. Hence, this study presents new integrated model, Grey-VAR Model, to modify Granger causality test procedure that can investigate dynamic relationships of high-tech industries. These results provide evidences that there exist the short-term equilibrium relationship of high-tech industries and the investors can alter portfolio allocation.

 

 

 

 

 

 

 

 

 

 

Key words: VAR, grey model, dynamic relationship, impulse response.

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This article is published under the terms of the Creative Commons Attribution License 4.0

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