Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic

This paper examines the connectedness among 12 African equity markets and the global commodity, developed equity markets, paying particular attention to their evolution during the COVID-19 pandemic's peak period. We find that whilst African equity markets connect weakly to these markets, the le...

Descripción completa

Detalles Bibliográficos
Autores principales: Urom, Christian, Ndubuisi, Gideon, Del Lo, Gaye, Yuni, Denis
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Authors. Published by Elsevier B.V. 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9349357/
http://dx.doi.org/10.1016/j.ememar.2022.100948
_version_ 1784762113354366976
author Urom, Christian
Ndubuisi, Gideon
Del Lo, Gaye
Yuni, Denis
author_facet Urom, Christian
Ndubuisi, Gideon
Del Lo, Gaye
Yuni, Denis
author_sort Urom, Christian
collection PubMed
description This paper examines the connectedness among 12 African equity markets and the global commodity, developed equity markets, paying particular attention to their evolution during the COVID-19 pandemic's peak period. We find that whilst African equity markets connect weakly to these markets, the levels of connectedness among these markets improved significantly during the pandemic. In addition, the energy market dominates the transmission of shocks in the system with commodity markets. Regarding the system with equity markets, the French and South African equity markets transmit the highest spillover in the full sample and during the pandemic's peak period, respectively.
format Online
Article
Text
id pubmed-9349357
institution National Center for Biotechnology Information
language English
publishDate 2023
publisher The Authors. Published by Elsevier B.V.
record_format MEDLINE/PubMed
spelling pubmed-93493572022-08-04 Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic Urom, Christian Ndubuisi, Gideon Del Lo, Gaye Yuni, Denis Emerging Markets Review Article This paper examines the connectedness among 12 African equity markets and the global commodity, developed equity markets, paying particular attention to their evolution during the COVID-19 pandemic's peak period. We find that whilst African equity markets connect weakly to these markets, the levels of connectedness among these markets improved significantly during the pandemic. In addition, the energy market dominates the transmission of shocks in the system with commodity markets. Regarding the system with equity markets, the French and South African equity markets transmit the highest spillover in the full sample and during the pandemic's peak period, respectively. The Authors. Published by Elsevier B.V. 2023-06 2022-08-04 /pmc/articles/PMC9349357/ http://dx.doi.org/10.1016/j.ememar.2022.100948 Text en © 2022 The Authors Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Urom, Christian
Ndubuisi, Gideon
Del Lo, Gaye
Yuni, Denis
Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic
title Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic
title_full Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic
title_fullStr Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic
title_full_unstemmed Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic
title_short Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic
title_sort global commodity and equity markets spillovers to africa during the covid-19 pandemic
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9349357/
http://dx.doi.org/10.1016/j.ememar.2022.100948
work_keys_str_mv AT uromchristian globalcommodityandequitymarketsspilloverstoafricaduringthecovid19pandemic
AT ndubuisigideon globalcommodityandequitymarketsspilloverstoafricaduringthecovid19pandemic
AT dellogaye globalcommodityandequitymarketsspilloverstoafricaduringthecovid19pandemic
AT yunidenis globalcommodityandequitymarketsspilloverstoafricaduringthecovid19pandemic

Ejemplares similares