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dc.contributor.authorHasan, Md Bokhtiar
dc.contributor.authorMahi, Masnun
dc.contributor.authorSarker, Tapan
dc.contributor.authorAmin, Md Ruhul
dc.date.accessioned2021-05-04T03:52:15Z
dc.date.available2021-05-04T03:52:15Z
dc.date.issued2021
dc.identifier.issn1911-8074en_US
dc.identifier.doi10.3390/jrfm14050200en_US
dc.identifier.urihttp://hdl.handle.net/10072/404121
dc.description.abstractIn this study, we examine the effect of the COVID-19 pandemic on global economic activity, the stock market, and the energy sector considering the sizable damaging impacts in these crucial aspects. Our results, based on the structural vector autoregression (SVAR) model for the data from 21 January 2020, to 26 February 2021, indicate that the COVID-19 cases significantly and negatively impact all the endogenous variables such as Baltic dry index (BDI), MSCI world index (MSCI), and MSCI world energy index (MSCIE). Our results also reveal that of the three variables, the stock markets indices (MSCI and MSCIE) are comparatively more affected by COVID-19 cases. The findings imply that the stock markets are more sensitive to the COVID-19 pandemic than the real economy. The results further indicate that of the three variables, the MSCIE index is the most affected by COVID-19 due to two factors: one is the dwindling power consumption caused by COVID-19 and the other is the decline in oil price because of the Russia–OPEC price war. Our findings enhance the understanding of the spillover impacts of the global health crisis on economic activity, the stock market, and the energy sector. Moreover, our study offers insights for policymakers and governments into the relationship dynamics of COVID-19 that would help them be more cautious in taking preventive measures against the health crisis to save the economy, the stock market, and the energy sector from falling into a more deepened crisis.en_US
dc.description.peerreviewedYesen_US
dc.languageEnglishen_US
dc.publisherMDPI AGen_US
dc.publisher.placeSwitzerland
dc.relation.ispartofpagefrom200en_US
dc.relation.ispartofissue5en_US
dc.relation.ispartofjournalJournal of Risk and Financial Managementen_US
dc.relation.ispartofvolume14en_US
dc.subject.fieldofresearchApplied Economicsen_US
dc.subject.fieldofresearchEconometricsen_US
dc.subject.fieldofresearchEpidemiologyen_US
dc.subject.fieldofresearchPublic Health and Health Servicesen_US
dc.subject.fieldofresearchcode1402en_US
dc.subject.fieldofresearchcode1403en_US
dc.subject.fieldofresearchcode111706en_US
dc.subject.fieldofresearchcode1117en_US
dc.titleSpillovers of the COVID-19 Pandemic: Impact on Global Economic Activity, the Stock Market, and the Energy Sectoren_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Articlesen_US
dcterms.bibliographicCitationHasan, MB; Mahi, M; Sarker, T; Amin, MR, Spillovers of the COVID-19 Pandemic: Impact on Global Economic Activity, the Stock Market, and the Energy Sector, Journal of Risk and Financial Management, 2021, 14 (5), pp. 200en_US
dcterms.licensehttps://creativecommons.org/licenses/by/4.0/en_US
dc.date.updated2021-05-04T03:02:15Z
dc.description.versionVersion of Record (VoR)en_US
gro.rights.copyright© 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.en_US
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gro.griffith.authorSarker, Tapan


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