ArticleJournal of economics and business
The impact of COVID-19 on stock market performance in Africa: A Bayesian structural time series approach.
Article in Journal of economics and business. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 17 papers.
What it found
Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.
The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.
Who cites it
17 citing papers in PubMed.
- LTR-Net: A deep learning-based approach for financial data prediction and risk evaluation in enterprises.PloS one · 2025Article
- Bayesian state-space modelling of stock markets in G7 countries During the COVID-19 Pandemic.Heliyon · 2024Article
- Impact of a deep learning sepsis prediction model on quality of care and survival.NPJ digital medicine · 2024Article
- Evaluating the impact of COVID-19 outbreak on hepatitis B and forecasting the epidemiological trend in mainland China: a causal analysis.BMC public health · 2024Article
- Multiple burden of infectious disease outbreaks: Implications for Africa healthcare system.Journal of Taibah University Medical Sciences · 2023Article
- Economic activities' response to the COVID-19 pandemic in developing countries.Scientific African · 2023Article
- The impact of containment measures and monetary and fiscal responses on US financial markets during the COVID-19 pandemic.Heliyon · 2023Article
- Impact of COVID-19 pandemic on Moroccan sectoral stocks indices.Scientific African · 2022Review
- Article
- Implementation and Evaluation of Two Nudges in a Hospital's Electronic Prescribing System to Optimise Cost-Effective Prescribing.Healthcare (Basel, Switzerland) · 2022Article
- Dynamic co-movements of COVID-19 pandemic anxieties and stock market returns.Finance research letters · 2022Article
- Stock markets' reaction to COVID-19: Analyses of countries with high incidence of cases/deaths in Africa.Scientific African · 2022Article
- COVID-19 And the african financial markets : Less infection, less economic impact ?Finance research letters · 2022Article
- The deuce-ace of Lassa Fever, Ebola virus disease and COVID-19 simultaneous infections and epidemics in West Africa: clinical and public health implications.Tropical medicine and health · 2021Review
- Pandemic and bills: The impact of COVID-19 on energy usage of schools in South Africa.Energy for sustainable development : the journal of the International Energy Initiative · 2021Article
- Analysis on the spatio-temporal characteristics of COVID-19 in mainland China.Process safety and environmental protection : transactions of the Institution of Chemical Engineers, Part B · 2021Article
- Policy responses to COVID-19 and stock market reactions - An international evidence.Journal of economics and businessArticle
Corrections and comments
PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.
Authors and funding
2 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
This paper evaluates and quantifies the short-term impact of the coronavirus disease of 2019 (COVID-19) on stock market performance in thirteen (13) African countries, using daily time series stock market data spanning 1st October 2019 to 30th June 2020. We employ a novel Bayesian structural time series approach (a state-space model) to estimate the relative effects of the COVID-19 pandemic on stock market performance in those countries. Generally, our Bayesian posterior estimates show that, in relative terms, stock market performances in Africa have significantly reduced during and after the occurrence of the COVID-19, usually between -2.7 % and -21 %. At the heterogeneous level, we find that 10 countries have their stock markets significantly and adversely affected by the COVID-19, whereas the remaining 3 countries see no significant impact (or a rather short-lived negative significant impact) of the COVID-19 pandemic on their stock markets. We find that, within our sample period, there is almost no chance that the COVID-19 pandemic would have positive effects on the stock market performance in Africa. Our findings contribute to the discussion and research on the economic impact of the COVID-19 pandemic by providing empirical evidence that the pandemic has restrictive effects on stock market performance in African economies.
Indexed as
Identifiers
What OpenQuestion holds
Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.