TY - JOUR
T1 - The asymmetric effect of COVID-19 government interventions on global stock markets: New evidence from QARDL and threshold regression approaches
AU - Abdullah, Mohammad
AU - Ullah, G M Wali
AU - Chowdhury, Mohammad Ashraful Ferdous
PY - 2022/9/26
Y1 - 2022/9/26
N2 - We examine the asymmetric effect of COVID-19 government interventions on global stock markets using a sample of 61 countries over the period of January 2020 to December 2021, applying Quantile ARDL (QARDL) and panel threshold regressions. The QARDL results show a heterogenous effect of government interventions on stock markets which varies along with country income level and stock market size. Additionally, the panel threshold regression reveals a positive effect before and a negative effect after the threshold level of government interventions. Our findings can assist policymakers to formulate intervention plans in limiting financial turbulence.
AB - We examine the asymmetric effect of COVID-19 government interventions on global stock markets using a sample of 61 countries over the period of January 2020 to December 2021, applying Quantile ARDL (QARDL) and panel threshold regressions. The QARDL results show a heterogenous effect of government interventions on stock markets which varies along with country income level and stock market size. Additionally, the panel threshold regression reveals a positive effect before and a negative effect after the threshold level of government interventions. Our findings can assist policymakers to formulate intervention plans in limiting financial turbulence.
UR - https://www.mendeley.com/catalogue/083f8363-0f0c-34cd-8a01-484c46acd6a8/
U2 - 10.1080/10293523.2022.2112665
DO - 10.1080/10293523.2022.2112665
M3 - Article
SN - 1029-3523
SP - 1
EP - 21
JO - Investment Analysts Journal
JF - Investment Analysts Journal
ER -