T his paper ascertains the extent of mispricing in equity portfolios, mispricing-divestment relation, and the role of African equities as risk diversification strategies during commodity market turbulence. Following Baur and Lucey (2010), one identifies an arbitrary commodity market crisis to be 1%, 5%, and 10% declining moments in returns. However, their approach is extended by usin...

The primary goal of any economic policy in the production front is, as far as possible to enhance the degree of sectoral interrelatedness (henceforh SI) within the home economy. The focal objective of such policy is not only to increase the sectoral value added of the economy but also to improve the position of the trade balance in the commodity trade front. Iran, being characterized a sole mon...

This research investigates the portfolio diversification benefits of commodities in the backdrop of uncertainty caused by the financial crisis, increased Financialization and speculation in commodity markets. Portfolios are formed out of varied asset classes comprise of equity, bond, infra structure, commodity spot & futures indices and sectoral indices such as agri, metals and energy sectors o...

We revisit the question whether commodities should be included in investors' portfolios. We employ for the first time a stochastic dominance efficiency (SDE) approach to construct optimal portfolios with and without commodities and we evaluate their comparative performance. SDE circumvents the necessity to posit a specific utility function to describe investor's preferences and it does not impo...

Several definitions of diversification exist. Such motivation for diversification could apply Typically, the concept is dynamic and refers to-the equally to proprietary or cooperative forms of relationship among various activities or enterprises in business. which the firm is engaged. As new activities are The purpose of this paper is to quantitatively acquired by a firm from some existing base...

INTRODUCTION: High and sustainable export growth, mainly driven by agricultural productivity, is critical for Zambia to reduce poverty and foster economic development. Despite the fact that, Zambia’s economic policies have for a long time emphasised export diversification, copper remains the main export commodity for Zambia. Coffee, an essential export commodity in most eastern African countrie...