Financial development, international trade, and stock market integration: Evidence in six southeastern Asia countries. Measuring the integration degree of the national stock market is popular in the general globalization trend. This paper applies the measurement method of Chaiporn et al. (2016) to consider the Vietnamese stock market, and five other typical Asian economies in the period from 2000 to 2015. | Journal of Economics and Development, , , December 2017, pp. 5-17 ISSN 1859 0020 Financial Development, International Trade, and Stock Market Integration: Evidence in Six Southeastern Asia Countries Tram Hoang Thuy Bich Nguyen University of Economics Ho Chi Minh City, Vietnam Email: nhtbtram@ Anh Huynh Lam Vietnam Joint Stock Commercial Bank for Industry and Trade, Vietnam Email: Abstract Measuring the integration degree of the national stock market is popular in the general globalization trend. This paper applies the measurement method of Chaiporn et al. (2016) to consider the Vietnamese stock market, and five other typical Asian economies in the period from 2000 to 2015. The authors’ method has its foundation in the research of Wälti (2011), An and Zhang (2013) and Dasgupta (2010). The paper adopted the fixed effect and random effect models to measure the impacts of financial development, financial integration and international trade integration to national stock market integration. The research findings revealed the positive affect of financial integration and development on the national stock market’s integration with the global stock market in Vietnam and five other countries. In addition the research found international trade integration does not affect the integrating securities market, possibly because the bilateral trade is too small to impact the bilateral stock market’s integration. Keywords: Financial development; financial integration; international trade integration; Southeastern Asia stock markets integration. Journal of Economics and Development 5 Vol. 19, , December 2017 1. Introduction proached and studied. On the other hand, the economic situation in the world still has much vulnerability. The regional economic crisis or economic crisis in some countries still doesn’t have end markers. Its influence has spread to Vietnam and ASEAN countries in general. It would have a great effect on the .
