... Panel data Russian Federation C23 F14 F15 The gravity model emerged from the Newtons' Universal Law of Gravitation. This idea has been used by Tinbergen (1962) to explain the bilateral trade flow between two countries/regions. Hence, according to the Gravity model the trade flow two...

... Integrated market Transnational stock market ARCH and GARCH effects G40 G00 F14 F15 F30 F36 Herding behavior is a process where investors ignore their private information and imitate the behavior of other investors. It is a tendency for investors to follow the same sources of information...

... 19 04 2018 F10 F13 F15 F43 BRICS has made significant progress in integrating with the world economy. Table I provides the BRICS member countries’ exports and imports to the world in the year 2015. Singh et al. (2011) in his study applied different indices...