- Ordu Üniversitesi Sosyal Bilimler Enstitüsü Araştırmaları Dergisi
- Vol: 13 Issue: 1
- Covid-19 Affects The US Economy Uncertainty?
Covid-19 Affects The US Economy Uncertainty?
Authors : Tuncer Gövdeli, Tuba Özkan, Esra Karakuş
Pages : 317-332
Doi:10.48146/odusobiad.1109097
View : 7 | Download : 2
Publication Date : 2023-03-23
Article Type : Research
Abstract :The economic and social costs of the COVID-19 pandemic affect society, individual investors, policy makers and all financial market participants. The COVID-19 pandemic has created shock waves in financial markets, as well as commodity prices, including oil, and the real economy. In this study, using the daily data of 31.12.2019 and 30.11.2020 the short and long-term relationship between the number of new COVID-19 cases for the USA the US stock price index the crude oil price and the economic policy uncertainty index was investigated by ARDL bounds test. The results of the study indicate that there are short-term and long-term cointegration between economic policy uncertainty index determinants in USA. A 1% increase in the number of COVID-19 cases is expected to lead to a 0.086% increase in the US economic policy uncertainty index, and a 1% increase in the price of crude oil to a 0.410 decrease. A 1% increase in the US economic policy uncertainty index and the US stock price index will lead to a 3.167% decrease in the US economic policy uncertainty index.Keywords : COVID-19, Hisse Senedi Fiyatı, Ham Petrol, Ekonomi Politikası, Belirsizlik Endeksi, ABD.