Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/2941
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dc.contributor.authorAlagidede, Paul-
dc.contributor.authorPanagiotidis, Theodore-
dc.contributor.authorZhang, Xu-
dc.date.accessioned2013-06-11T23:42:22Z-
dc.date.available2013-06-11T23:42:22Z-
dc.date.issued2011-09-
dc.identifier.urihttp://hdl.handle.net/1893/2941-
dc.description.abstractWe 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 little impact on Africa. However, we argue that including African assets in a mean variance portfolio could be beneficial to international investors.en_UK
dc.language.isoen-
dc.publisherTaylor & Francis (Routledge)-
dc.relationAlagidede P, Panagiotidis T & Zhang X (2011) Why a Diversified Portfolio Should Include African Assets, Applied Economics Letters, 18 (14), pp. 1333-1340.-
dc.rightsPublished in Applied Economics Letters by Taylor & Francis (Routledge).; This is an electronic version of an article published in Applied Economics Letters, 2011, 18 (14): 1333-1340. Applied Economics Letters is available online at: http://www.tandfonline.com/openurl?genre=article&issn=1350-4851&volume=18&issue=14&spage=1333-
dc.subjectCorrelationen_UK
dc.subjectLong-run correlationen_UK
dc.subjectCointegrationen_UK
dc.subjectNon-parametric cointegrationen_UK
dc.subjectAfrican Stock Marketsen_UK
dc.subject.lcshStock exchanges Africa-
dc.subject.lcshAfrican Stock Markets-
dc.subject.lcshInvestments Africa-
dc.titleWhy a Diversified Portfolio Should Include African Assetsen_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2013-04-01T00:00:00Z-
dc.rights.embargoreasonPublisher conditions require an 18 month embargo.-
dc.identifier.doihttp://dx.doi.org/10.1080/13504851.2010.537617-
dc.citation.jtitleApplied Economics Letters-
dc.citation.issn1350-4851-
dc.citation.volume18-
dc.citation.issue14-
dc.citation.spage1333-
dc.citation.epage1340-
dc.citation.publicationstatusPublished-
dc.citation.peerreviewedRefereed-
dc.type.statusPost-print (author final draft post-refereeing)-
dc.author.emaileconomics@stir.ac.uk-
dc.citation.date14/03/2011-
dc.contributor.affiliationEconomics-
dc.contributor.affiliationUniversity of Macedonia-
dc.contributor.affiliationEconomic Research Institute, Shanghai-
dc.identifier.isi000296262900025-
Appears in Collections:Economics Journal Articles

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