Responses of Economic Policy Uncertainty, Financial Stress and Energy-Related Uncertainty to the Shocks in US-China Tension in US

Aziza Matyakubova (), Samariddin Makhmudov (), Ilhan Ozturk (), Khayrilla Kurbonov (), Farrukh Ismailov (), Sevara Yokubboeva () and Azamat Urozov ()
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Aziza Matyakubova: Department of Economics, Urgench State University, Urgench, Uzbekistan
Samariddin Makhmudov: Department of Finance and Tourism, Termez University of Economics and Service, Termez Uzbekistan; & Department of Economics, Mamun University, Khiva, Uzbekistan; & Center of the Engagement of International Ranking Agencies, Tashkent State University of Economics, Tashkent, Uzbekistan
Ilhan Ozturk: College of Business Administration, University of Sharjah, Sharjah, UAE; & Faculty of Economics, Administrative and Social Sciences, Nisantasi University, Istanbul, Turkiye; & VIZJA University, Warsaw, Poland
Khayrilla Kurbonov: Center of the Engagement of International Ranking Agencies, Tashkent State University of Economics, Tashkent, Uzbekistan
Farrukh Ismailov: Department of Economics, Urgench State University, Urgench, Uzbekistan
Sevara Yokubboeva: Urgench State Pedagogical Institute, Urgench, Uzbekistan
Azamat Urozov: Department of Economics, Urgench State University, Urgench, Uzbekistan

International Journal of Energy Economics and Policy, 2025, vol. 15, issue 4, 701-708

Abstract: The current study examines the US-China tension shocks on economic policy uncertainty, financial stress and energy-related uncertainty for the first time in the case of the United States. To this end, monthly data is utilized spanning the period from January, 2000 to September, 2022. For the empirical estimations, time-varying parameter vector autoregression (TVP-VAR) model is applied. The findings reveal that the positive responses of economic policy uncertainty, financial stress and energy-related uncertainty to the shocks in US-China tensions are observed, validating the theoretical and economic intuition in general. However, the negative effects of US-China tension on economic policy uncertainty, financial stress and energy-related uncertainty is also obtained which is specific to US, aligned with economic intuition.

Keywords: US-China Tensions; Economic Policy Uncertainty; Financial Stress; Energy-Related Uncertainty; Time-Varying Parameter Vector Autoregression (search for similar items in EconPapers)
Date: 2025
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DOI: 10.32479/ijeep.20369

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