2012
DOI: 10.2139/ssrn.2493193
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African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

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Cited by 49 publications
(41 citation statements)
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“…The theoretical framework for persistence in tourism builds on recent empirical literature on persistence in inclusive development (Asongu & Nwachukwu, 2017a) and banking sector (Stephan & Tsapin, 2008;Goddard et al, 2011) developments. This theoretical underpinning is consistent with the literature on income convergence which has been substantially documented within the framework of neoclassical growth estimations (Barro, 1991;Barro & Sala-i-Martin, 1992, 1995Mankiw et al, 1992;Baumol, 1986), and recently extended to other domains of economic development, inter alia: financial market performance (Narayan et al, 2011;Bruno et al, 2012;Asongu, 2013) and inclusive human development (Mayer-Foulkes, 2010;Asongu, 2014).…”
Section: Theoretical Underpinning Intuition and Testable Hypotheses supporting
confidence: 85%
“…The theoretical framework for persistence in tourism builds on recent empirical literature on persistence in inclusive development (Asongu & Nwachukwu, 2017a) and banking sector (Stephan & Tsapin, 2008;Goddard et al, 2011) developments. This theoretical underpinning is consistent with the literature on income convergence which has been substantially documented within the framework of neoclassical growth estimations (Barro, 1991;Barro & Sala-i-Martin, 1992, 1995Mankiw et al, 1992;Baumol, 1986), and recently extended to other domains of economic development, inter alia: financial market performance (Narayan et al, 2011;Bruno et al, 2012;Asongu, 2013) and inclusive human development (Mayer-Foulkes, 2010;Asongu, 2014).…”
Section: Theoretical Underpinning Intuition and Testable Hypotheses supporting
confidence: 85%
“…First, consistent with Asongu (2013a), integrated economies have a plethora of advantages, namely: more efficiency in capital allocation (Chen et al, 2002); stimulation of cross-border flow of funds, improved volumes of trade transactions, more market liquidity, lower cost for investors (Kim et al, 2005); financial stability owing to minimization of the probability for asymmetric shocks (Umutlu et al, 2010) and amelioration of the capacity of economies to absorb shocks (Yu et al, 2010). These advantages, inter alia, have motivated a growing stream of literature on economic integration in Africa (Njifen, 2014;Kayizzi-Mugerwa et al, 2014;Akpan, 2014) 3 .…”
Section: Introductionsupporting
confidence: 61%
“…Moreover, there are issues of inferential validity associated with PC-augmented regressors. These issues that were raised by Pagan (1984, p.242) have been substantiated in recent literature, notably: Oxley and McAleer (1993), Ba and Ng (2006), McKenzie and McAleer (1997), and Westerlund and Urbain (2012, 2013a, 2013b.…”
Section: Insert Table 1 and 2 Herementioning
confidence: 88%