Adu, George; Marbuah, George; Mensah, Justice Tei; … - In: Journal of Economics and Econometrics 55 (2012) 3, pp. 100-129
This paper applies a local-linear non-parametric kernel regression technique to examine the effect of macroeconomic factors on stock market performance in Ghana. We show that the popular parametric specification in the existing literature suffers from functional misspecification. The evidence...