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