Suchergebnisse

This study analyzes the impact of external debt stock, openness and the consumer price index on economic growth, based on time series data obtained from the World Bank for the period from 1970 to 2016. For this report's purpose, the stability of the series was analyzed. Having identified the series to have first degree l(1) stability, the ARDL bounds testing approach was applied and a relationship of cointegration was established. In light of these findings, it has been observed that external debt has a positive impact on economic growth, while openness and consumer price index have a negative impact. Therefore, this study recommends keeping openness and the consumer price index under control to increase economic growth with the help of external debt.

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. This study analyzes the short-term and long-term relations among the number of total COVID-19 cases, USA stock price index, crude oil price and economic policy uncertainty index for USA, based on daily figures between 31.12.2019 and 30.11.2020. The results of the study indicate that there are short-term and long-term cointegration between economic policy uncertainty index determinants in USA. Long-term elasticities project that a 1% increase in the number of COVID-19 cases would lead to an increase of 0.086% in USA economic policy uncertainty index, and an increase of 1% in crude oil price would lead to a decrease of 0.410% in USA economic policy uncertainty index and an increase of 1% in USA stock price index would lead to a 3.167% decrease in USA economic policy uncertainty index.