Economic Policy Uncertainty and Stock Returns of Africa: A Wavelet Coherence Analysis

Economic Policy Uncertainty and Stock Returns of Africa: A Wavelet Coherence Analysis

This study explores how global economic policy uncertainty (EPU) shocks comove with stock returns (SR) of eight African countries—Botswana, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, and Zambia. The study employed daily data from December 2010 to December 2019 using wavelet coherence ana...

Full description

Bibliographic Details
Main Authors:	Emmanuel Asafo-Adjei, Daniel Agyapong, Samuel Kwaku Agyei, Siaw Frimpong, Reginald Djimatey, Anokye M. Adam
Format:	Article
Language:	English
Published:	Hindawi Limited 2020-01-01
Series:	Discrete Dynamics in Nature and Society
Online Access:	http://dx.doi.org/10.1155/2020/8846507

Similar Items

Can Global Economic Policy Uncertainty Drive the Interdependence of Agricultural Commodity Prices? Evidence from Partial Wavelet Coherence Analysis
by: Siaw Frimpong, et al.
Published: (2021-01-01)

Economic Policy Uncertainty Linkages among Asian Countries: Evidence from Threshold Cointegration Approach
by: Prince Mensah Osei, et al.
Published: (2021-01-01)

COVID-19 as Information Transmitter to Global Equity Markets: Evidence from CEEMDAN-Based Transfer Entropy Approach
by: Peterson Owusu Junior, et al.
Published: (2021-01-01)

Susceptibility of Stock Market Returns to International Economic Policy: Evidence from Effective Transfer Entropy of Africa with the Implication for Open Innovation
by: Anokye M. Adam
Published: (2020-08-01)

Information Uncertainty and Stock Returns
by: Tse-Feng Lin, et al.
Published: (2006)

Does oil price uncertainty matter for stock returns in South Africa?
by: Goodness C. Aye
Published: (2015-04-01)

Co-movement of stock exchange indices and exchange rates in Ghana: A wavelet coherence analysis
by: Peterson Owusu Junior, et al.
Published: (2018-01-01)

Regulation of executive directors remuneration in South Africa : the road to achieving good corporate governance
by: Asafo-Adjei, Marang Akua
Published: (2015)

Stock Return Uncertainty and Life Insurance
by: Yang Dong, et al.
Published: (2020-01-01)

Explaining public investment dynamics in Sub-Saharan Africa: The role of country governance structures
by: Samuel Kwaku Agyei
Published: (2017-01-01)

WAVELET ANALYSIS OF THE CRISIS EFFECTS IN STOCK INDEX RETURNS
by: Tetyana Kravets, et al.
Published: (2013-01-01)

Trump\'s Election Uncertainty and Global Stock Returns
by: Chris Vaike, et al.
Published: (2019)

Economic Policy Uncertainty and Stock Return Momentum
by: Garima Goel, et al.
Published: (2021-03-01)

Bond yields and stock returns comparison using wavelet semblance analysis
by: Robert Verner, et al.
Published: (2017-07-01)

Information uncertainty, volatility connectedness of oil stocks, and stock-bond return relation
by: Chen, Yi-Chin, et al.
Published: (2019)

Unconditional and conditional analysis between covid-19 cases, temperature, exchange rate and stock markets using wavelet coherence and wavelet partial coherence approaches
by: Gagan Deep Sharma, et al.
Published: (2021-02-01)

Co-movement between GCC stock markets and the US stock markets: A wavelet coherence analysis
by: Ali Matar, et al.
Published: (2021-01-01)

Market uncertainty, Investor attention and Stock-bond return relationship
by: LEE, YUAN-HAO, et al.
Published: (2019)

The Impact of Oil Price Uncertainty on Stock Returns in Gulf Countries
by: Shabbir Ahmad
Published: (2019-10-01)

The Relationship of Taiwan Construction Stock Return，Inflation Uncertainty，and Inflation
by: Yu-Ting Tsai, et al.
Published: (2008)

A Study of the Correlation between Stock Returns and Information Uncertainty
by: Shih-ming Zeng, et al.
Published: (2007)

Income Smoothing, Information Uncertainty, Stock Returns, and Cost of Equity
by: Chen, Linda H.
Published: (2009)

Estimation of value at risk of return in Tehran Stock Exchange using wavelet analysis
by: Mojtaba Rostami Noroozabad, et al.
Published: (2015-03-01)

Multifractal Analysis for the Stock Index Futures Returns with Wavelet Transform Modulus Maxima
by: 洪榕壕, et al.

SYNTHESIS AND CHARACTERIZATION OF POLY(SIMVASTATIN) - INCORPORATED COPOLYMERS AND BLENDS FOR BONE REGENERATION
by: Asafo-Adjei, Theodora
Published: (2017)

Financial inclusion and physical health functioning among aging adults in the sub-Saharan African context: Exploring social networks and gender roles
by: Razak M. Gyasi, et al.
Published: (2021-01-01)

Financial inclusion and physical health functioning among aging adults in the sub-Saharan African context: Exploring social networks and gender roles.
by: Razak M Gyasi, et al.
Published: (2021-01-01)

Digital Device Use, Computer Vision Syndrome, and Sleep Quality among an African Undergraduate Population
by: Prince Kwaku Akowuah, et al.
Published: (2021-01-01)

Economic policy uncertainty and stock returns—evidence from the Japanese market
by: Thomas C. Chiang
Published: (2020-08-01)

Risk measurement & return estimation of uncertainty asset of stock market in Taiwan
by: Tseng, Yu Ju, et al.
Published: (1997)

Oil price uncertainty, sectoral stock returns and output growth in Nigeria
by: Abeng, Magnus O.
Published: (2018)

Time-varying world integration of the African stock markets: a Kalman Filter approach
by: Anokye M. Adam, et al.
Published: (2015-10-01)

Diffusion of COVID-19 impact across selected stock markets: a wavelet coherency analysis
by: Taufeeque Ahmad Siddiqui, et al.
Published: (2020-12-01)

Significance tests for the wavelet cross spectrum and wavelet linear coherence
by: Z. Ge
Published: (2008-12-01)

Oil price and stock market returns uncertainties and private investment in Saudi Arabia
by: Imed Medhioub, et al.
Published: (2020-10-01)

The effect of Income smoothing on firm's information uncertainty, stock returns and cost of equity
by: Gholamreza Soleimany Amiri, et al.
Published: (2011-08-01)

Culture, financial literacy, and SME performance in Ghana
by: Samuel Kwaku Agyei
Published: (2018-01-01)

Wavelet Coherence Analysis of Change Blindness
by: Irfan Ali Memon, et al.
Published: (2013-01-01)

Application of the cross wavelet transform and wavelet coherence to geophysical time series
by: A. Grinsted, et al.
Published: (2004-01-01)

The Effects of External Uncertainties against Monetary Policy Uncertainty on IRANIAN Stock Return Volatility Using GARCH-MIDAS Approach
by: Seyedeh Fatemeh Razmi, et al.
Published: (2020-05-01)