Analiză cantitativă privind cointegrarea şi cauzalitatea pieţelor bursiere europene:Evidenţe empirice comparative între ţările dezvoltate şi ţările în curs de dezvoltare
Quantitative analysis on the cointegration and causality of European stock markets:Comparative empirical evidence between developed and developing countries

Summary/Abstract: This paper examines the cointegration of stock markets at the level of European countries. Thus, the stationarity of the data series is examined, subsequently testing the Johansen cointegration and the Granger causality for a group of selected European countries according to the GDP per capita and grouped in developed countries (Luxembourg, Switzerland, Norway, Iceland, Ireland), and developing countries (Croatia, Romania, Bulgaria, Serbia, Ukraine). The period used in the analysis is March 15, 1999-15 March 2019 for developed countries, and for developing countries varies depending on the data availability.

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