Table 10.

Maximum likelihood estimates of the Gaussian DCC model on Asian stock prices.

	$G{P}_t$	$O{P}_t$	Significance	1 – ($G{P}_t-O{P}_t$)
Bangladesh	0.71	0.26	0.000	0.0119
Sri Lanka	0.79	0.77	0.000	0.0204
India	0.73	0.58	0.000	0.0471
China	0.32	0.35	0.000	0.023
Pakistan	0.72	0.89	0.000	0.005

Significance level: p-value < 0.05.