Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Are Stock Markets Integrated? Evidence from a Partially Segmented ICAPM
  with Asymmetric Effects   In this paper, we test a partially segmented ICAPM for two developed markets,
two emerging markets and World market, using an asymmetric extension of the
multivariate GARCH process of De Santis and Gerard (1997,1998). We find that
this asymmetric process provides a significantly better fit of the data than a
standard symmetric process. The evidence obtained from the whole period and
sub-periods analysis supports the financial integration hypothesis and suggests
that domestic risk is not a priced factor.

26
The categories of this paper are: bayes-an
7
The categories of this paper are: hep-th
21
The categories of this paper are: adap-org
12
The categories of this paper are: nucl-th
23
The categories of this paper are: solv-int
31
The categories of this paper are: ao-sci
16
The categories of this paper are: stat
32
The categories of this paper are: atom-ph
10
The categories of this paper are: q-bio
5
The categories of this paper are: gr-qc
20
The categories of this paper are: acc-phys
1
The categories of this paper are: cs
2
The categories of this paper are: math
36
The categories of this paper are: cmp-lg
34
The categories of this paper are: chem-ph
28
The categories of this paper are: alg-geom