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

Christian Urom, G.O.N. Ndubuisi, Gaye Del Loe, Denis Yuni

Research output: Contribution to journalArticleScientificpeer-review

10 Citations (Scopus)
32 Downloads (Pure)

Abstract

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.
Original languageEnglish
Article number100948
JournalEmerging Markets Review
Volume55
DOIs
Publication statusPublished - 2022

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