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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/2947
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dc.contributor.authorAlagidede, Paulen_UK
dc.contributor.authorPanagiotidis, Theodoreen_UK
dc.contributor.authorZhang, Xuen_UK
dc.date.accessioned2017-06-22T03:32:59Z-
dc.date.available2017-06-22T03:32:59Z-
dc.date.issued2010-11-01en_UK
dc.identifier.urihttp://hdl.handle.net/1893/2947-
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.isoenen_UK
dc.relationAlagidede P, Panagiotidis T & Zhang X (2010) Why a diversified portfolio should include African assets. Stirling Economics Discussion Paper, 2010-15.en_UK
dc.relation.ispartofseriesStirling Economics Discussion Paper, 2010-15en_UK
dc.subjectCorrelationen_UK
dc.subjectLong-run correlationen_UK
dc.subjectCointegrationen_UK
dc.subjectNon-parametric cointegrationen_UK
dc.subjectAfrican Stock Marketsen_UK
dc.subjectStock exchanges Africaen_UK
dc.subjectInvestments Africaen_UK
dc.titleWhy a diversified portfolio should include African assetsen_UK
dc.typeWorking Paperen_UK
dc.citation.publicationstatusUnpublisheden_UK
dc.citation.peerreviewedUnrefereeden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.author.emaileconomics@stir.ac.uken_UK
dc.citation.date01/11/2010en_UK
dc.subject.jelC22: Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processesen_UK
dc.subject.jelC52: Model Evaluation, Validation, and Selectionen_UK
dc.subject.jelG10: General Financial Markets: General (includes Measurement and Data)en_UK
dc.contributor.affiliationEconomicsen_UK
dc.contributor.affiliationUniversity of Macedoniaen_UK
dc.contributor.affiliationEconomic Research Institute, Shanghaien_UK
dc.identifier.wtid839806en_UK
dcterms.dateAccepted2010-11-01en_UK
dc.date.filedepositdate2011-04-15en_UK
rioxxterms.typeWorking paperen_UK
rioxxterms.versionAMen_UK
local.rioxx.authorAlagidede, Paul|en_UK
local.rioxx.authorPanagiotidis, Theodore|en_UK
local.rioxx.authorZhang, Xu|en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2011-04-15en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/all-rights-reserved|2011-04-15|en_UK
local.rioxx.filenameSEDP-2010-15-Alagidede-Panagiotidis-Zhang.pdfen_UK
local.rioxx.filecount1en_UK
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