Covid-19 Affects The US Economy Uncertainty?

Tuncer GÖVDELİ, (Atatürk Üniversitesi, Erzurum, Türkiye)
Tuba ÖZKAN, (Atatürk Üniversitesi, Erzurum, Türkiye)
Esra KARAKUŞ UMAR (Atatürk Üniversitesi, Erzurum, Türkiye)
Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi
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Yıl: 2023 Cilt: 13 Sayı: 1 Sayfa Aralığı: 317 - 332 Metin Dili: İngilizce DOI: 10.48146/odusobiad.1109097 İndeks Tarihi: 31-03-2023

Covid-19 Affects The US Economy Uncertainty?

Öz:
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.
Anahtar Kelime: COVID-19 Stock Price Crude Oil Economic Policy Uncertainty Index USA.

Covid-19 ABD Ekonomi Belirsizliğini Etkiledi Mi?

Öz:
COVID-19 salgınının ekonomik ve sosyal maliyetleri; toplumu, bireysel yatırımcıları, politika yapıcıları ve tüm finansal piyasa katılımcılarını etkilemektedir. COVID-19 salgını, finansal piyasalarda ve aynı zamanda petrol de dahil olmak üzere emtia fiyatlarında ve reel ekonomide şok dalgaları yarattı. Bu çalışmada 31.12.2019 ile 30.11.2020 günlük verileri kullanılarak ABD için yeni COVID-19 vaka sayıları, ABD hisse senedi fiyat endeksi, ham petrol fiyatı ile ekonomi politikası belirsizlik endeksi arasındaki kısa ve uzun dönemli ilişki ARDL sınır testi ile araştırılmıştır. Sonuçlar ABD’de ekonomi politikası belirsizlik endeksi belirleyicileri arasında kısa ve uzun vadede eşbütünleşme ilişkisinin varlığını göstermektedir. Uzun vadeli esnekliklerde, COVID-19 vaka sayılarındaki %1’lik artış ABD’nin ekonomi politikası belirsizlik endeksini %0.086 artıracağı, ham petrol fiyatındaki %1’lik artışın ABD’nin ekonomi politikası belirsizlik endeksini %0.410 azaltacağı ve ABD hisse senedi fiyat endeksindeki %1 lik artışın ABD’nin ekonomi politikası belirsizlik endeksini %3.167 düşüreceğini göstermektedir.
Anahtar Kelime: COVID-19 Hisse Senedi Fiyatı Ham Petrol Ekonomi Politikası Belirsizlik Endeksi ABD

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA GOVDELI T, ÖZKAN T, Karakuş Umar E (2023). Covid-19 Affects The US Economy Uncertainty?. , 317 - 332. 10.48146/odusobiad.1109097
Chicago GOVDELI TUNCER,ÖZKAN Tuba,Karakuş Umar Esra Covid-19 Affects The US Economy Uncertainty?. (2023): 317 - 332. 10.48146/odusobiad.1109097
MLA GOVDELI TUNCER,ÖZKAN Tuba,Karakuş Umar Esra Covid-19 Affects The US Economy Uncertainty?. , 2023, ss.317 - 332. 10.48146/odusobiad.1109097
AMA GOVDELI T,ÖZKAN T,Karakuş Umar E Covid-19 Affects The US Economy Uncertainty?. . 2023; 317 - 332. 10.48146/odusobiad.1109097
Vancouver GOVDELI T,ÖZKAN T,Karakuş Umar E Covid-19 Affects The US Economy Uncertainty?. . 2023; 317 - 332. 10.48146/odusobiad.1109097
IEEE GOVDELI T,ÖZKAN T,Karakuş Umar E "Covid-19 Affects The US Economy Uncertainty?." , ss.317 - 332, 2023. 10.48146/odusobiad.1109097
ISNAD GOVDELI, TUNCER vd. "Covid-19 Affects The US Economy Uncertainty?". (2023), 317-332. https://doi.org/10.48146/odusobiad.1109097
APA GOVDELI T, ÖZKAN T, Karakuş Umar E (2023). Covid-19 Affects The US Economy Uncertainty?. Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi, 13(1), 317 - 332. 10.48146/odusobiad.1109097
Chicago GOVDELI TUNCER,ÖZKAN Tuba,Karakuş Umar Esra Covid-19 Affects The US Economy Uncertainty?. Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi 13, no.1 (2023): 317 - 332. 10.48146/odusobiad.1109097
MLA GOVDELI TUNCER,ÖZKAN Tuba,Karakuş Umar Esra Covid-19 Affects The US Economy Uncertainty?. Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi, vol.13, no.1, 2023, ss.317 - 332. 10.48146/odusobiad.1109097
AMA GOVDELI T,ÖZKAN T,Karakuş Umar E Covid-19 Affects The US Economy Uncertainty?. Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi. 2023; 13(1): 317 - 332. 10.48146/odusobiad.1109097
Vancouver GOVDELI T,ÖZKAN T,Karakuş Umar E Covid-19 Affects The US Economy Uncertainty?. Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi. 2023; 13(1): 317 - 332. 10.48146/odusobiad.1109097
IEEE GOVDELI T,ÖZKAN T,Karakuş Umar E "Covid-19 Affects The US Economy Uncertainty?." Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi, 13, ss.317 - 332, 2023. 10.48146/odusobiad.1109097
ISNAD GOVDELI, TUNCER vd. "Covid-19 Affects The US Economy Uncertainty?". Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi 13/1 (2023), 317-332. https://doi.org/10.48146/odusobiad.1109097
Sayfa Oluşturulma Tarihi
24-04-2024 6:17

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