DOI:

Abstract

By using Granger Causality Test, this study is to investigate whether there is the causality between VN-Index and HNX-Index. The weekly time series data set of VN-Index and HNX-Index quoted from July 20, 2005 to Dec. 30, 2009 shall be employed in this study. Findings show that the fluctuations in HNX-Index have no influence on VN-Index; yet, the fluctuations in VN-Index impact on the HNX-Index. This is to say, such the causality is unidirectional, from VN-Index to HNX-Index.

Keywords

VN-Index; HNX-Index; Causality.