Asia-Pacific Development Journal

The Asia-Pacific Development Journal (APDJ) is published twice a year by the United Nations Economic and Social Commission for Asia and the Pacific. The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and aims to stimulate policy debate and assist policy formulation. The APDJ provides a scholarly means for bringing together research work by eminent social scientists and development practitioners from the region and beyond for use by a variety of stakeholders. The Journal aims to stimulate policy debate and assist policy formulation in the region.


Stock price behaviour in India since liberalization

The study investigates the behaviour of Indian stock price indices for the 12-year period 1990-2001. This period coincides with major changes in the Indian capital market and the opening up of the Indian economy. The stock market witnessed unprecedented swings and volatility during this period, which have had severe repercussions for investors, both individual and institutional. The study also explores other important issues facing the Indian stock market such as return volatility, including its time varying pattern, tests of market, efficiency, impact of foreign capital inflows on the volatility of the indices and correlation of Indian indices with those of some Asian and developed country markets.


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