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Document Type

Journal Article

Department/Unit

Department of Economics

Title

Efficiency of the Taiwan stock market

Language

English

Abstract

This study uses two popular technical trading rules to assess whether the gradual liberalization of Taiwan's securities markets has improved the efficiency of its stock market. The results show that the two rules have considerable predictive power for 1983 - 1990, they become less predictive for 1991-1997, and they cannot predict the market for 1998 - 2005. These results indicate that the efficiency of Taiwan stock market has been greatly enhanced by the liberalization measures implemented over the last 20 years. © Journal compilation © 2009 Japanese Economic Association.

Publication Date

2009

Source Publication Title

Japanese Economic Review

Volume

60

Issue

3

Start Page

389

End Page

394

Publisher

Wiley

ISSN (print)

13524739

ISSN (electronic)

14685876

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