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  • 标题:Covid-19, oil price and UK economic policy uncertainty: evidence from the ARDL approach
  • 本地全文:下载
  • 作者:M.Iqbal Prawira-Atmaja ; Shabri ; Sugeng Harianto
  • 期刊名称:Quantitative Finance and Economics
  • 电子版ISSN:2573-0134
  • 出版年度:2020
  • 卷号:4
  • 期号:3
  • 页码:503-514
  • DOI:10.3934/QFE.2020023
  • 语种:English
  • 出版社:AIMS Press
  • 摘要:This study attempts to investigate how the spread of coronavirus (COVID-19) influence the UK economic policy uncertainty. Using daily data ranging from 11 March 2020 to 7 May 2020, an ARDL model has been applied in this study to capture both the short-run and long-run impact of COVID-19 on economic policy uncertainty. Additionally, the influence of Brent oil price on economic policy uncertainty is also examined. Based on the ARDL result, it is found that both COVID-19 new cases and new deaths reported in the UK have a strong and positive association with the UK economic policy uncertainty in the long-run. However, Brent oil price shows an inverse connection with economic policy uncertainty in the long run.
  • 关键词:COVID-19;oil price;economic policy uncertainty;short-run;long-run;ARDL
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