IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

An Empirical Analysis of Stock Markets Integration in Selected African Countries

  • Solarin Sakiru Adebola


    (Faculty of Business and Law, Multimedia University Malaysia)

  • Jauhari Dahalan


    (School of Economics, Finance and Banking, Universiti Utara Malaysia)

This study employs cointegration technique to determine the co-movement of ten national stock markets indexes in Africa. Using monthly indexes spanning February, 1997 to October, 2011, results demonstrate less than full cointegrating vectors, which suggest African stock markets are not fully integrated. Further findings indicate that big African stock markets indexes tend to influence fluctuations in small African markets indexes. Generally, these imply limited benefits accrue from portfolio diversification within African stock markets.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by Danubius University of Galati in its journal Euroeconomica.

Volume (Year): (2012)
Issue (Month): 2(31) (May)
Pages: 166-177

in new window

Handle: RePEc:dug:journl:y:2012:i:2:p:166-177
Contact details of provider: Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2012:i:2:p:166-177. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Florian Nuta)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.