Journal of Stock & Forex Trading
Open Access

Department of Economics, Dominican University, Ibadan, Nigeria

Publications

• Research Article   
  The Effects of COVID-19 Pandemic on Stock Market Performance in Africa
  Author(s): Isiaka Akande Raifu* and Terver Theophilus Kumeka
  
  This study is conducted to investigate the response of stock market returns to daily growth in COVID-19 confirmed cases and deaths in 14 African countries using both time series and panel approaches. The study employs three estimation methods, Ordinary Least Squares/Robust Ordinary Least Squares (OLS/ORLS), Pooled Ordinary Least Squares (POLS) and Panel Vector Autoregressive (PVAR). While the OLS and POLS are used to examine a conditional mean effect of COVID-19 confirmed cases and deaths on stock market returns PVAR is used to estimate and trace the response of stock market return to shocks from daily growth in COVID-19 confirmed cases and deaths. OLS results show that stock market returns react negatively and significantly to daily growth in COVID-19 confirmed cases in countries like Botswana, Kenya, Tanzania, Tunisia and Uganda while the negative effects of daily growth in COVID-19.. View More»
  DOI: 10.35248/2168-9458.23.10.248

  Abstract HTML PDF