Interrelationships among the Taiwanese, Japanese and Korean TFT-LCD panel industry stock market indexes: An application of the trivariate FIEC-FIGARCH model

► FIEC-FIGARCH analyzes the interactions for three TFT-LCD panel stock indexes. ► The empirical model can be used to capture long memory effects. ► Japanese panel stock index adjusts back very slowly to the long-run equilibrium. ► The three indexes have their own-market and cross-market spillover effects. ► The results assist investors and government agency to make decisions.