Table 2 Descriptive statistics for log... | Emerald Publishing

Table 2

Descriptive statistics for log stock returns and macroeconomic shocks

		Mean	Median	Maximum	Minimum	Std. Dev	Skewness	Kurtosis	Obs
Africa equity markets
Morocco	CSE	0	0	0.1	−0.23	0.04	−1.04	5.9	191
Egypt	EGX	0	0.01	0.29	−0.39	0.09	−0.5	2.31	191
South Africa	JSE	0.5	0.5	1.23	−0.07	0.08	−0.29	1.98	191
Kenya	NSE	−0.01	0	0.16	−0.32	0.06	−1.18	5.94	191
Nigeria	NGX	0	0	0.32	−0.37	0.07	−0.32	4.6	191
Tanzania	DSE	0	0	0.13	−0.15	0.03	−0.35	4.68	191
Ghana	GSE	0	0.01	0.18	−0.54	0.15	−1.75	13.87	191
Macro-economic shock indicators
Geopolitical risk	GPR	0.02006	−0.0062	0.86350	−0.45127	0.20331	1.09157	5.49591	191
Economic policy uncertainty	GEPU	0.0271	−0.0042	0.86907	−0.39042	0.20532	1.38426	6.47493	191
Financial stress	FS	−0.519	−0.1105	16.1487	−15.148	3.024	0.3463	15.039	191

		Mean	Median	Maximum	Minimum	Std. Dev	Skewness	Kurtosis	Obs
Africa equity markets
Morocco	CSE	0	0	0.1	−0.23	0.04	−1.04	5.9	191
Egypt	EGX	0	0.01	0.29	−0.39	0.09	−0.5	2.31	191
South Africa	JSE	0.5	0.5	1.23	−0.07	0.08	−0.29	1.98	191
Kenya	NSE	−0.01	0	0.16	−0.32	0.06	−1.18	5.94	191
Nigeria	NGX	0	0	0.32	−0.37	0.07	−0.32	4.6	191
Tanzania	DSE	0	0	0.13	−0.15	0.03	−0.35	4.68	191
Ghana	GSE	0	0.01	0.18	−0.54	0.15	−1.75	13.87	191
Macro-economic shock indicators
Geopolitical risk	GPR	0.02006	−0.0062	0.86350	−0.45127	0.20331	1.09157	5.49591	191
Economic policy uncertainty	GEPU	0.0271	−0.0042	0.86907	−0.39042	0.20532	1.38426	6.47493	191
Financial stress	FS	−0.519	−0.1105	16.1487	−15.148	3.024	0.3463	15.039	191

Source(s): Authors' own work