THE IMPACT OF GLOBAL ECONOMIC POLICY UNCERTAINTY ON STOCK PRICE: THE CASE OF EMERGING MARKET ECONOMIES IN ASIA

  • Nguyễn Thị Mai Huyên
  • Ngô Sỹ Nam

Abstract

This paper examines the impact of global economic policy uncertainty on stock price in seven emerging market economies in Asia (Hongkong, South Korea, Vietnam, Thailand, Malaysia, Philippines and Indonesia) from 2000:M7 to 2018:M2 by using statistic, analytical and vector auto-regressive model (VAR). The empirical results show that the economic policy uncertainty has negative influence on stock price in Hongkong, South Korea, Thailand, Malaysia, Philippines and Indonesia from 6 to 9 months after shock. However, the study does not find the same results when considering in Vietnam.

Keywords: global economic policy uncertainty, security market, stock price.

điểm /   đánh giá
Published
2019-10-21
Section
Bài viết