کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5068612 | 1476924 | 2006 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Politics and the stock market: Evidence from Germany
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
We analyze the interaction of stock market movements and politics in Germany. Evidence from popularity functions and VAR-based evidence suggests that stock market returns have affected the popularity of German governments. We only find weak evidence that the political process has had an impact on the stock market. In contrast to empirical evidence for the U.S., we do not find that German stock market returns tend to be higher during left-wing than during right-wing governments. Also in contrast to results for the U.S., we find no evidence for an election cycle in German stock market returns.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Journal of Political Economy - Volume 22, Issue 4, December 2006, Pages 925-943
Journal: European Journal of Political Economy - Volume 22, Issue 4, December 2006, Pages 925-943
نویسندگان
Jörg Döpke, Christian Pierdzioch,