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Economic policy uncertainty and the US stock market trading: non-ARDL evidence

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  • Bakhtiar Javaheri

    (University of Kurdistan)

  • Fateh habibi

    (University of Kurdistan)

  • Ramin Amani

    (University of Kurdistan)

Abstract

The present study investigates the impact of economic policy uncertainty, and economic factors on the stock market index in the USA using Non-ARDL and Quantile models. The findings reveal that declining economic and economic-political factors will increase the stock market index in the US. The results indicate that the effect of inflation and GDP variables follows a nonlinear pattern. Similar results using quantitative regression showed asymmetric impacts of inflation and GDP on stock market transactions.

Suggested Citation

  • Bakhtiar Javaheri & Fateh habibi & Ramin Amani, 2022. "Economic policy uncertainty and the US stock market trading: non-ARDL evidence," Future Business Journal, Springer, vol. 8(1), pages 1-10, December.
    • Handle: RePEc:spr:futbus:v:8:y:2022:i:1:d:10.1186_s43093-022-00150-8
    DOI: 10.1186/s43093-022-00150-8
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    Cited by:

    1. Orlowski, Lucjan T., 2023. "How susceptible is the European financial stability to economic policy uncertainty?," Journal of Policy Modeling, Elsevier, vol. 45(4), pages 864-875.

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    More about this item

    Keywords

    Economic policy uncertainty; Economic factors; Stock market; Non-ARDL; United States;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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