Asymmetric Impact of COVID-19 on China’s Stock Market Volatility: Media Effect or Fact?
نویسندگان
چکیده
This study examines the asymmetric effects of positive and negative changes in media attention to COVID-19 daily new confirmed cases on China’s stock market volatility by utilizing nonlinear autoregressive distributed lag (NARDL) model. Empirical results show that has a pronounced effect this is greater than direct impact COVID-19. Finally, several important policy implications arise from these findings.
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ژورنال
عنوان ژورنال: Asian economics letters
سال: 2021
ISSN: ['2652-8681']
DOI: https://doi.org/10.46557/001c.24143