The impact of WTO on international interdependence degree among United States, Korea and China.

This article examined the interrelationships between the United States, Korea compared with China and Korea. We used the daily stock index among these three markets from 1 January 1999 to 31 October 2005. Our article found that, following China entered WTO, there is insignificant relationship between China and Korea stock markets, however, significant interrelationship between the United States and S. Korea. But in late 2002, there are structural change of economy among China, Korea and the United States. Korea stock market was influenced by China gradually, and there existed insignificant interrelate between the United States and Korea. [ABSTRACT FROM AUTHOR]

Copyright of Applied Financial Economics Letters is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)