Markets

Coint coeff

without dissemination

Coint coeff

with dissemination:

Dissemination effect

Atakpame

−0.65***

(0.00)

−0.51**

(0.01)

1.05

(0.25)

−0.20

(0.11)

0.17

(0.20)

Sokode

−0.38**

(0.00)

−0.39***

(0.00)

0.75

0.45)

0.49

(0.28)

−0.03

(0.23)

Kara

−0.50**

(0.04)

−0.51**

(0.03)

0.30

(0.21)

−0.06

(0.76)

0.04

(0.24)

Dapaong

−0.18**

(0.04)

−0.39***

(0.01)

0.08**

(0.02)

0.21**

(0.04)

−0.14

(0.90)

Amlame

−0.15***

(0.00)

−0.34**

(0.03)

−0.12

(0.34)

−0.07

(0.78)

−0.20

(0.84)

Anie

−0.70**

(0.03)

−0.88***

(0.00)

−0.24**

(0.02)

0.08**

(0.03)

−0.07

(0.14)

Tchamba

−0.97***

(0.00)

−0.80**

(0.04)

0.36

(0.50)

−0.02

(0.20)

−0.16

(0.22)

Sotouboua

−0.60**

(0.03)

−0.54***

(0.00)

0.24

(0.35)

−0.16

(0.27)

−0.22

(0.80)

Kabou

−0.25***

(0.00)

−0.16***

(0.00)

−1.32

(0.55)

−0.09

(0.56)

0.08

(0.65)

Ketao

−0.05***

(0.00)

−0.01**

(0.03)

0.70

(0.30)

0.42

(0.19)

0.03

(0.10)

Gando

−0.23***

(0.00)

−0.26**

(0.04)

−3.10

(0.73)

−0.41

(0.33)

0.07

(0.49)

Cinkasse

−0.26**

(0.02)

−0.85**

(0.01)

2.12

(0.13)

0.07**

(0.03)

−0.05

(0.24)