The Impact of COVID-19 and Government Intervention on Stock Markets of OECD Countries

Haochang Yang and Peidong Deng ()
Additional contact information
Peidong Deng: Xian Jiaotong University, China

Asian Economics Letters, 2021, vol. 1, issue 4, 1-6

Abstract: We study the impact of COVID-19 and various government interventions on the stock market returns of 20 OECD countries from February 1, 2020 to October 1, 2020. We find that stock market returns react significantly negatively to the increase in the number of confirmed cases. The governments’ intervention measures, such as social distancing, testing and contact tracing policies, magnify the negative effect of COVID-19 on stock returns. Our findings have important policy implications.

Keywords: stock market; government intervention; covid-19 (search for similar items in EconPapers)
JEL-codes: G15 G18 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

Downloads: (external link)
https://a-e-l.scholasticahq.com/api/v1/articles/18 ... f-oecd-countries.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ayb:jrnael:23

Access Statistics for this article

Asian Economics Letters is currently edited by Chun-Ping Chang (Shih Chien University, Taiwan) and Professor Chien-Chiang Lee (Nanchang University, China)

More articles in Asian Economics Letters from Asia-Pacific Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Asia-Pacific Applied Economics Association ().