TY - JOUR
T1 - Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic
AU - Urom, Christian
AU - Ndubuisi, G.O.N.
AU - Del Loe, Gaye
AU - Yuni, Denis
PY - 2022
Y1 - 2022
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=85141429027&partnerID=8YFLogxK
U2 - 10.1016/j.ememar.2022.100948
DO - 10.1016/j.ememar.2022.100948
M3 - Article
SN - 1566-0141
VL - 55
JO - Emerging Markets Review
JF - Emerging Markets Review
M1 - 100948
ER -