Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2055603
The asymmetric effect of infectious disease equity market volatility for the physical education economy: implication for a post-Covid world
Xiaozhu Guo
Bo Wang
Xu Yongan
Sažetak
Due to the growing importance of the sports economy and the
severe impact of the current Covid-19 pandemic on it, this paper
examines the way in which the infectious disease stock market
volatility (ID-EMV) tracker affects the Covid world sports economy
from an asymmetrical perspective. We selected the newspaperbased ID-EMV index and Wind Physical Education Concept Index
(PEC) for our research. First, the results of conventional causality
tests showed that the tests ID-EMV and PEC were unable to
detect causality, implying that stock market volatility stemming
from COVID-19 risk had no impact on the sports economy.
However, considering potential asymmetric effects in this relationship, we further investigated whether ID-EMV could significantly
affect PEC under both positive and negative shocks. The empirical
results confirm the existence of asymmetric effects. Therefore, we
are the first to focus on this asymmetric effect and conduct
empirical research, which may help provide educators and financial market participants with a novel research perspective.
Ključne riječi
Physical education economic; Covid-19; asymmetric effect; causality test
Hrčak ID:
303028
URI
Datum izdavanja:
31.3.2023.
Posjeta: 337 *