On the determinants of stock market dynamics in emerging countries: the role of economic policy uncertainty in China and India

Mohamed Arouri () and David Roubaud ()
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Mohamed Arouri: CRCGM Université Clermont Auvergne

Economics Bulletin, 2016, vol. 36, issue 2, 760-770

Abstract: We contribute to the ongoing literature on the effects of policy uncertainty on economic variables by investigating the relationship between economic policy uncertainty and stock markets in China, India and the USA. Our findings suggest that contrary to China, an increase in policy uncertainty in the USA and India reduces significantly stock returns and augments market volatility.

Keywords: Policy uncertainty; stock markets; emerging markets. (search for similar items in EconPapers)
JEL-codes: F4 G0 (search for similar items in EconPapers)
Date: 2016-04-14
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Citations: View citations in EconPapers (24)

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Working Paper: On the determinants of stock market dynamics in emerging countries: the role of economic policy uncertainty in China and India (2016)
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