Assessing the Impacts of Economic Policy Uncertainty of the US on the Exchange Rates and Stock Returns of Korea, Mexico, Poland and Russia

Özçelebi, Oğuzhan; Izgi, Mehmet Tevfik

doi:10.1080/00128775.2022.2107937

Cited by 15 publications

(3 citation statements)

References 30 publications

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“…This necessitates the inclusion of summary statistics, specifically kurtosis, skewness, and the Jarque‐Bera test. These measures are fundamental in determining the normality of the data distribution, which is a key consideration in selecting appropriate econometric models (Ozcelebi & Izgi, 2023).…”

Section: Methodsmentioning

confidence: 99%

Currencies and culture: An amusing journey into the impacts of exchange rates on global creative industries

Baorui,

Zhiyuan,

Zhao

2024

American J Econ Sociol

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This paper examines the impact of exchange rate changes on cultural services trade balances in China, Japan, the United States, United Kingdom, France, and Germany from 2006 to 2015. These six countries represent dominant players whose experiences reflect global impacts. Autoregressive distributed lag (ARDL) models test for J‐curve effects. Cultural distance matrices combined with cluster analysis explore how cultural proximity influences trade structures. Results demonstrate a J‐curve effect in China contrasting with a reverse J‐curve in the United States. China and Japan form one cultural trade cluster distinct from a Western bloc of the United States, United Kingdom, and France. This signifies emerging economies have developed unique cultural trade models. The research enriches empirical evidence on exchange rate impacts for understudied cultural services trade. Introducing cultural distance provides a novel perspective and policy insights for emerging economies.

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Section: Methodsmentioning

confidence: 99%

Currencies and culture: An amusing journey into the impacts of exchange rates on global creative industries

Baorui,

Zhiyuan,

Zhao

2024

American J Econ Sociol

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“…Testing Granger causality based on the quantile method can be applied as a nonparametric approach to check the relationship between variables across quantiles of the conditional distribution (Ozcelebi and Tevfik Izgi, 2023).…”

Section: Granger Causality Testsmentioning

confidence: 99%

“…Time-varying causality can exhibit changes in the causality relationship over time. Therefore, this study uses the time-varying form of the causality test following Ozcelebi and Tevfik Izgi (2023) and Yilanci and Kilci (2021). The results of the time-varying causality tests (based on the rolling window procedure) are reported in Figure 2 at a 5% significance level.…”

Section: Dynamic Conditional Correlation Between the Gepu And Price I...mentioning

confidence: 99%

Investigation into the dynamic relationships between global economic uncertainty and price volatilities of commodities, raw materials, and energy

Ashena,

Laal Khezri,

Shahpari

2023

AEA

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Purpose This paper aims to deepen the understanding of the relationship between global economic uncertainty and price volatility, specifically focusing on commodity, industrial materials and energy price indices as proxies for global inflation, analyzing data from 1997 to 2020. Design/methodology/approach The dynamic conditional correlation generalized autoregressive conditional heteroscedasticity model is used to study the dynamic relationship between variables over a while. Findings The results demonstrated a positive relationship between commodity prices and the global economic policy uncertainty (GEPU). Except for 1999–2000 and 2006–2008, the results of the energy price index model were very similar to those of the commodity price index. A predominant positive relationship is observed focusing on the connection between GEPU and the industrial material price index. The results of the pairwise Granger causality reveal a unidirectional relationship between the GEPU – the Global Commodity Price Index – and the GEPU – the Global Industrial Material Price Index. However, there is bidirectional causality between the GEPU – the Global Energy Price Index. In sum, changes in price indices can be driven by GEPU as a political factor indicating unfavorable economic conditions. Originality/value This paper provides a deeper understanding of the role of global uncertainty in the global inflation process. It fills the gap in the literature by empirically investigating the dynamic movements of global uncertainty and the three most important groups of prices.

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Impact of business strategy on carbon emissions: Empirical evidence from U.S. firms

Houqe,

Abdelfattah,

Zahir‐ul‐Hassan

et al. 2024

Bus Strat Env

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This study examines the nexus between business strategy and carbon emissions by utilising a dataset of U.S. firms from 2007 to 2020. It focuses on two broad types of firms, that is, prospectors and defenders. Regarding carbon emissions, we consider total emissions (Scope 1 & 2), direct emissions (Scope 1) and indirect emissions (Scope 2). The results reveal a significant association between business strategy and total carbon emissions as well as direct carbon emissions. Notably, the results suggest that prospectors, compared to defenders, display higher levels of total and direct carbon emissions. Our findings contribute to the debate on whether prospectors in developed countries mismanage sustainability issues. The study offers valuable insights into the interplay between business strategy and carbon emissions and provides empirical evidence that business strategy is an important determinant of total and direct carbon emissions.

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Assessing the Impacts of Economic Policy Uncertainty of the US on the Exchange Rates and Stock Returns of Korea, Mexico, Poland and Russia

Cited by 15 publications

References 30 publications

Currencies and culture: An amusing journey into the impacts of exchange rates on global creative industries

Currencies and culture: An amusing journey into the impacts of exchange rates on global creative industries

Investigation into the dynamic relationships between global economic uncertainty and price volatilities of commodities, raw materials, and energy

Impact of business strategy on carbon emissions: Empirical evidence from U.S. firms

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