Stock market response to COVID-19 pandemic: A comparative evidence from two emerging markets.
Sci Afr
; 17: e01300, 2022 Sep.
Article
in English
| MEDLINE | ID: covidwho-1967098
ABSTRACT
This paper presents the first comparative study of emerging stock markets' response to the COVID-19 pandemic with evidence from Ghana and Botswana. Using daily time-series data from March 1, 2020, to September 30, 2021, the study estimates parametric, semi-parametric and non-parametric models, and provides evidence to support the negative effects of the COVID-19 pandemic (i.e., the total number of reported COVID-19 cases and deaths) on the stock market performances of Ghana and Botswana. Interestingly, the study shows that the impact of the pandemic on Ghana's stock market is quantitatively greater than the stock market of Botswana. The study calls for fiscal and monetary policies to help firms on the stock market to survive the shock. Going forward, measures aimed at building a robust stock market to withstand such external shocks are critical.
ASEA, African Securities Exchanges Association; BSE, Bostwana Stock Exchange; Botswana; COVID-19; COVID-19, Corona Virus Disease 2019; GDP, Gross Domestic Product; GSE CI, Ghana Stock Exchange Composite Index; GSE, Ghana Stock Exchange; Ghana; ILO, International Labour Organisation; IMF, International Monetary Fund; Non-parametric; Parametric; SARS, Severe Acute Respiratory Syndrome; Stock market; UN, United Nations; WHO, World Health Organisation; WTO, World Trade Organisation
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Experimental Studies
/
Prognostic study
Language:
English
Journal:
Sci Afr
Year:
2022
Document Type:
Article
Affiliation country:
J.sciaf.2022.e01300
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