Markets

Coint coeff

without dissemination:

Coint coeff

with dissemination:

Dissemination effect

Lome

−0.68^***

(0.00)

−0.67^**

(0.02)

−4.25^**

(0.03)

−0.32

(0.20)

0.01

(0.90)

Sokode

−0.36^***

(0.00)

−0.43^***

(0.00)

0.44

(0.24)

−0.02

(0.49)

−0.07

(0.21)

Kara

−0.52^***

(0.00)

−0.47^**

(0.01)

1.70.

(0.11)

−0.05

(0.76)

0.05

(0.44)

Dapaong

−0.38^**

(0.02)

−0.62^**

(0.02)

0.08

(0.05)

0.12

(0.04)

−0.24

(0.85)

Amlame

−0.14^***

(0.00)

−0.45^**

(0.03)

−0.12

(0.34)

−0.07^**

(0.02)

−0.31

(0.34)

Anie

−0.80^*

(0.06)

−0.95^*

(0.07)

−3.70

(0.14)

−0.40

(0.11)

−0.15

(0.30)

Tchamba

−0.42

(0.30)

−0.54^**

(0.04)

0.22

(0.45)

−0.02^**

(0.04)

−0.12^**

(0.01)

Sotoboua

−0.60^**

(0.03)

−0.69^*

(0.05)

0.42

(0.15)

−0.16

(0.27)

−0.09

(0.52)

Kabou

−0.49

(0.75)

−0.41

(0.25)

−1.05

(0.50)

−0.09

(0.16)

0.08

(0.55)

Ketao

−0.05

(0.12)

−0.11)

(0.03)

2.33

(0.30)

0.42

(0.19)

0.03

(0.10)

Gando

−0.65^*

(0.07)

−0.08^*

(0.06)

−3.10

(0.10)

−0.41

(0.33)

−0.57

(0.18)

Cinkasse

−0.11^*

(0.09)

−0.18^**

(0.03)

3.11

(0.17)

0.68

(0.26)

0.07^*

(0.08)