Οικονομική αβεβαιότητα και τιμές των μετοχών
KeywordsΟικονομική πολιτική αβεβαιότητα ; GMM ; Έλεγχος αιτιότητας πάνελ ; Τιμές των μετοχών ; G7 ; Δεδομένα πάνελ ; Dumitrescu-Hurlin
This thesis investigates the impact of the economic policy uncertainty of the United States of America on the stock prices of companies listed in the US and in other G7 countries (Germany, France, Italy, Japan, Canada, United Kingdom of Great Britain). Using a panel dataset for the period from the first quarter of 2002 to the first quarter of 2021, the empirical research was conducted by applying the Generalized Method of Moments and Dumitrescu-Hurlin (2012) panel causality test. The findings showed the significant and negative relationship between them. However, the results of the Dumitrescu -Hurlin (2012) test did not suggest any causality relationship between them. This research expands upon existing literature and provides valuable information for investors and policymakers.