论文标题
COVID-19引起的经济不确定性:英国与美国之间的比较
COVID-19 Induced Economic Uncertainty: A Comparison between the United Kingdom and the United States
论文作者
论文摘要
这项研究的目的是调查Covid-19-19的大流行对美国和英国经济政策不确定性的影响。该国共同案件和死亡人数的增加以及该国以外的案件和死亡人数的增加可能会有所不同。为了研究这一点,该研究采用了自2020年3月8日至2020年5月24日的Bootstrap ARDL协整方法。根据Bootstrap Ardl结果,在10个模型中有5种证实了长期的平衡关系。从ARDL模型获得的长期系数表明,英国和美国以外的Covid-19案件和死亡的增加对经济政策不确定性有重大影响。美国的数量增加了19例案件的增加。另一方面,英国比案件数量的增加,受到国外19号死亡人数的增加的影响更大。此外,这项研究的另一个重要发现表明,在短期内,Covid-19是两个国家的极大不确定性因素。
The purpose of this study is to investigate the effects of the COVID-19 pandemic on economic policy uncertainty in the US and the UK. The impact of the increase in COVID-19 cases and deaths in the country, and the increase in the number of cases and deaths outside the country may vary. To examine this, the study employs bootstrap ARDL cointegration approach from March 8, 2020 to May 24, 2020. According to the bootstrap ARDL results, a long-run equilibrium relationship is confirmed for five out of the 10 models. The long-term coefficients obtained from the ARDL models suggest that an increase in COVID-19 cases and deaths outside of the UK and the US has a significant effect on economic policy uncertainty. The US is more affected by the increase in the number of COVID-19 cases. The UK, on the other hand, is more negatively affected by the increase in the number of COVID-19 deaths outside the country than the increase in the number of cases. Moreover, another important finding from the study demonstrates that COVID-19 is a factor of great uncertainty for both countries in the short-term.