Economic Forces and Equity Market Returns in Ghana: Symmetric Dependence with Quantile Regressions

  • Gideon Boako
  • Joseph Magnus Frimpong
  • Isaac Attah Acheampong
  • Daniel Domeher
Keywords: Ghana, Equaity returns, crude oil, symmetric dependence, volatility clustering

Abstract

Commodity prices such as gold, cocoa, and crude oil, on one hand, and returnsĀ  results generally show dependence of the equity market returns on all economicĀ  the post oil production period. The results further demonstrate how equity investors in Ghana can take advantage of gold as a safe-haven to diversify most downside risk .

Published
2018-02-01
Section
Articles