Covid-19, oil price and UK economic policy uncertainty: evidence from the ARDL approach
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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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AIMS Press
2020-08-01
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| Series: | Quantitative Finance and Economics |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/10.3934/QFE.2020023/fulltext.html |
| _version_ | 1818198813409542144 |
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| author | Saeed Sazzad Jeris Ridoy Deb Nath |
| author_facet | Saeed Sazzad Jeris Ridoy Deb Nath |
| author_sort | Saeed Sazzad Jeris |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-12T02:11:50Z |
| format | Article |
| id | doaj.art-6f6a09e348084b818d9e9bfce2c7995a |
| institution | Directory Open Access Journal |
| issn | 2573-0134 |
| language | English |
| last_indexed | 2024-12-12T02:11:50Z |
| publishDate | 2020-08-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | Quantitative Finance and Economics |
| spelling | doaj.art-6f6a09e348084b818d9e9bfce2c7995a2022-12-22T00:41:53ZengAIMS PressQuantitative Finance and Economics2573-01342020-08-014350351410.3934/QFE.2020023Covid-19, oil price and UK economic policy uncertainty: evidence from the ARDL approachSaeed Sazzad Jeris0Ridoy Deb Nath1Department of Business Administration, Shahjalal University of Science and Technology, Sylhet, BangladeshDepartment of Business Administration, Shahjalal University of Science and Technology, Sylhet, BangladeshThis 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.https://www.aimspress.com/article/10.3934/QFE.2020023/fulltext.htmlcovid-19oil priceeconomic policy uncertaintyshort-runlong-runardl |
| spellingShingle | Saeed Sazzad Jeris Ridoy Deb Nath Covid-19, oil price and UK economic policy uncertainty: evidence from the ARDL approach Quantitative Finance and Economics covid-19 oil price economic policy uncertainty short-run long-run ardl |
| title | Covid-19, oil price and UK economic policy uncertainty: evidence from the ARDL approach |
| title_full | Covid-19, oil price and UK economic policy uncertainty: evidence from the ARDL approach |
| title_fullStr | Covid-19, oil price and UK economic policy uncertainty: evidence from the ARDL approach |
| title_full_unstemmed | Covid-19, oil price and UK economic policy uncertainty: evidence from the ARDL approach |
| title_short | Covid-19, oil price and UK economic policy uncertainty: evidence from the ARDL approach |
| title_sort | covid 19 oil price and uk economic policy uncertainty evidence from the ardl approach |
| topic | covid-19 oil price economic policy uncertainty short-run long-run ardl |
| url | https://www.aimspress.com/article/10.3934/QFE.2020023/fulltext.html |
| work_keys_str_mv | AT saeedsazzadjeris covid19oilpriceandukeconomicpolicyuncertaintyevidencefromtheardlapproach AT ridoydebnath covid19oilpriceandukeconomicpolicyuncertaintyevidencefromtheardlapproach |