Abstract

Stock markets have been found to be increasingly interdependent overtime due to activities related to internationalization, diversification, integration, and globalization. This study assesses the lead/lag interactions between equity markets in the West Africa viz a viz the United States (US) and the United Kingdom (UK) markets. Stock market index data were analyzed from 2008 - 2016 using the Granger causality test. Findings from the study indicates both uni-directional and bi-directional causality between most of the market pairs implying that none of the market exists in autarky.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.