TITLE:
Testing for the Asymmetric Impacts of Gold Price on India and South Africa Stock Market: An Asymmetric ARDL Model Approach
AUTHORS:
Sharif Bakar Kombo
KEYWORDS:
Gold Price, Stock, Asymmetry, ARDL
JOURNAL NAME:
Open Journal of Business and Management,
Vol.10 No.3,
May
9,
2022
ABSTRACT: This
study investigates the asymmetric impacts of gold price on Indian
and South Africa stock market prices. This study made use of monthly data that
spanned 1997M01-2017M04. The unit root test revealed that the variables
employed contained a unit root. An asymmetric ARDL model was set up to achieve
the aim of the research. A cointegration test among the variables was passed
using the ARDL bound test technique. The test statistics probabilities reject
the null hypothesis of asymmetric impact of gold price on the stock market in
South Africa and Indian, both in the short and long run respectively.