IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v35y2022i1p7008-7021.html
   My bibliography  Save this article

The asymmetric effect of infectious disease equity market volatility for the physical education economy: implication for a post-Covid world

Author

Listed:
  • Xiaozhu Guo
  • Bo Wang
  • Xu Yongan

Abstract

Due to the growing importance of the sports economy and the severe impact of the current Covid-19 pandemic on it, this paper examines the way in which the infectious disease stock market volatility (ID-EMV) tracker affects the Covid world sports economy from an asymmetrical perspective. We selected the newspaper-based ID-EMV index and Wind Physical Education Concept Index (PEC) for our research. First, the results of conventional causality tests showed that the tests ID-EMV and PEC were unable to detect causality, implying that stock market volatility stemming from COVID-19 risk had no impact on the sports economy. However, considering potential asymmetric effects in this relationship, we further investigated whether ID-EMV could significantly affect PEC under both positive and negative shocks. The empirical results confirm the existence of asymmetric effects. Therefore, we are the first to focus on this asymmetric effect and conduct empirical research, which may help provide educators and financial market participants with a novel research perspective.

Suggested Citation

  • Xiaozhu Guo & Bo Wang & Xu Yongan, 2022. "The asymmetric effect of infectious disease equity market volatility for the physical education economy: implication for a post-Covid world," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 7008-7021, December.
    • Handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:7008-7021
    DOI: 10.1080/1331677X.2022.2055603
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2022.2055603
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1331677X.2022.2055603?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhang, Jiaming & Guo, Songlin & Dou, Bin & Xie, Bingyuan, 2023. "Evidence of the internationalization of China's crude oil futures: Asymmetric linkages to global financial risks," Energy Economics, Elsevier, vol. 127(PA).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:7008-7021. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.