Alagidede, Paul; Panagiotidis, Theodore; Zhang, Xu - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2010
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 recursive estimation. The implication is that global market movements may have …