Showing 1 - 10 of 12
The extent to which the stock market provides a hedge to investors against inflation is examined for African stock markets. By employing parametric and nonparametric cointegration procedures, we show that the point estimates of the elasticities of stock prices with respect to consumer prices...
Persistent link: https://www.econbiz.de/10008620617
We employ parametric and non-parametric cointegration to investigate the extent of integration between African stock markets and the rest of the world. Long-run correlation estimates imply very low association between the two. The two distinct cointegration approaches confirm the latter through...
Persistent link: https://www.econbiz.de/10009002137
We employ parametric and non-parametric cointegration to investigate the extent of integration between African stock markets and the rest of the world. Long-run correlation estimates imply very low association between the two. The two distinct cointegration approaches confirm the latter through...
Persistent link: https://www.econbiz.de/10008725690
We employ parametric and non-parametric cointegration to investigate the extent of integration between African stock markets and the rest of the world. Long-run correlation estimates imply very low association between the two. The two distinct cointegration approaches confirm the latter through...
Persistent link: https://www.econbiz.de/10008740444
The extent to which the stock market provides a hedge to investors against inflation is examined for African stock markets. By employing parametric and nonparametric cointegration procedures, we show that the point estimates of the elasticities of stock prices with respect to consumer prices...
Persistent link: https://www.econbiz.de/10010273656
We employ parametric and non-parametric cointegration to investigate the extent of integration between African stock markets and the rest of the world. Long-run correlation estimates imply very low association between the two. The two distinct cointegration approaches confirm the latter through...
Persistent link: https://www.econbiz.de/10010273679
The extent to which the stock market provides a hedge to investors against inflation is examined for African stock markets. By employing parametric and nonparametric cointegration procedures, we show that the point estimates of the elasticities of stock prices with respect to consumer prices...
Persistent link: https://www.econbiz.de/10008560338
Modelling stock return behaviour provides an important tool for analysing investment decisions and choices. In this paper, the assumption of linearity is tested for the returns of three North African markets—Egypt, Morocco and Tunisia. I find that the assumption of independently and...
Persistent link: https://www.econbiz.de/10008503543
The extent to which the stock market provides a hedge to investors against inflation is examined for African stock markets. By employing parametric and nonparametric cointegration procedures, we show that the point estimates of the elasticities of stock prices with respect to consumer prices...
Persistent link: https://www.econbiz.de/10008461983
The extent to which the stock market provides a hedge to investors against inflation is examined for African stock markets. By employing parametric and nonparametric cointegration procedures, we show that the point estimates of the elasticities of stock prices with respect to consumer prices...
Persistent link: https://www.econbiz.de/10008469819