Abstract:

Stock markets have been found to be increasingly interdependent overtime due to the activities related to internationalization, diversification, integration, and globalization. This study assesses the interdependent relationship between equity markets in the West African region viz a viz the US and UK market.  Stock market index data were analyzed from 2011- 2016 using the Granger causality test.  Findings from the study indicate uni-directional and bi-directional causality between most of the market pairs implying that none of the market exists in autarky.