The stock market is one of the most important infrastructures for economic development in
developing and developed countries. The convergence of stock market returns reflects the
interdependence of the economies of countries and the mobility of capital among them. This
study aims to test the stock market price index convergence between OECD countries
Philips and sul (2007) methodology over the period January 2007-Februrary 2017. The
results show that the stock markets do not form a convergent cluster. However, there are …