Adjasi, Charles K.D.; Biekpe, Nicholas B.; Osei, Kofi A. - In: African Journal of Economic and Management Studies 2 (2011) 2, pp. 143-164
African countries. Design/methodology/approach – It uses vector autoregressive (VAR) cointegration and impulse response … depreciation drives down stock prices. A short‐run error‐correction model also shows similar results. Impulse response analyses for … Africa which tests for long‐run dynamics and impulse response shock dynamics within a VAR framework. Again unlike other …