Impact of the COVID-19 on MSCI world equity market index

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dc.contributor.authorToğuç, Nurhan
dc.date.accessioned2025-03-26T16:10:01Z
dc.date.available2025-03-26T16:10:01Z
dc.date.issued2022
dc.departmentİstanbul Esenyurt Üniversitesi
dc.description.abstractThis article aims to analyse and measure the impact of the COVID-19 daily fatality cases, along with the BRENT prices and the financial volatility index (VIX) on the global economy, proxied by MSCI global market index (MXWO) both in the long run and the short-run, and discuss policy responses using the ARDL methodology. The study contributes to the literature as it is one of the first studies aimed at measuring the impact and direction of COVID-19 daily fatality cases on the global markets investigated through financial contagion. The ARDL model estimates indicated a significant and negative effect of the coronavirus crisis on MXWO. BRENT prices seem to have no direct effect on the global economy proxied by MXMO index, both in the long and the short term. But, it is likely to have an indirect effect through financial volatility as BRENT prices reacted sharply to the rise in financial volatility. Copyright © 2023 Inderscience Enterprises Ltd.
dc.identifier.doi10.1504/wrstsd.2023.127269
dc.identifier.endpage19
dc.identifier.issn1741-2242
dc.identifier.issue1-2
dc.identifier.scopus2-s2.0-85144397240
dc.identifier.scopusqualityQ2
dc.identifier.startpage4
dc.identifier.urihttps://doi.org/10.1504/wrstsd.2023.127269
dc.identifier.urihttps://hdl.handle.net/20.500.14704/778
dc.identifier.volume19
dc.indekslendigikaynakScopus
dc.institutionauthorToğuç, Nurhan
dc.language.isoen
dc.publisherInderscience Publishers
dc.relation.ispartofWorld Review of Science, Technology and Sustainable Development
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_Scopus_20250326
dc.subjectARDL
dc.subjectautoregressive distributed lag
dc.subjectBRENT
dc.subjectCOVID-19
dc.subjectfinancial contagion
dc.subjectMSCI world index
dc.subjectvolatility index
dc.titleImpact of the COVID-19 on MSCI world equity market index
dc.typeArticle

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