Do the Political Uncertainty and Geopolitical Risk Indexes in the G-7 Countries Relate to Stock Prices? Fourier Causality Test Evidence

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dc.authoridhttps://orcid.org/0000-0002-3896-5858
dc.contributor.authorTütüncü, Asiye
dc.contributor.authorSavaş Çelik, Burcu
dc.contributor.authorKahveci, Şükran
dc.date.accessioned2025-06-03T14:07:53Z
dc.date.available2025-06-03T14:07:53Z
dc.date.issued2024
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesi
dc.description.abstractThis study aims to examine the reciprocal effects of the Economic Policy Uncertainty (EPU) and the Geopolitical Risks (GPR) on the stock markets (SP) of the G-7 countries. The findings of the study will allow us to answer the following questions: Do risk and uncertainty conditions in other G-7 countries affect their stock markets as much as those in the country itself? Which affects G-7 stock markets more, EPU or GPR? In addition to previous research in the field, this study conducts a comparative analysis of the effects of the EPU and GPR on the SP of G-7 countries. Therefore, we used the linear VAR Granger, Fourier and Fourier Fractional Frequency Granger Causality tests. We found that the EPU indices of the United States, United Kingdom, and Germany had the greatest impact on the stock markets of their respective countries and other G-7 countries, and the conclusion that G-7 stock markets were influenced by economic uncertainties in other member countries was added to the literature. It has also been found that the G-7 stock markets have a broad influence on the EPU index.
dc.identifier.citationAsiye Tutuncu, Burcu Savas Celik & Sukran Kahveci (2024) Do the Political Uncertainty and Geopolitical Risk Indexes in the G-7 Countries Relate to Stock Prices? Fourier Causality Test Evidence, International Economic Journal, 38:4, 605-630, DOI: 10.1080/10168737.2024.2408483
dc.identifier.doi10.1080/10168737.2024.2408483
dc.identifier.endpage630
dc.identifier.issn1016-8737
dc.identifier.issn1743-517X
dc.identifier.issue4
dc.identifier.startpage605
dc.identifier.urihttps://hdl.handle.net/11363/9869
dc.identifier.volume38
dc.identifier.wos001321700000001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.institutionauthorSavaş Çelik, Burcu
dc.institutionauthoridhttps://orcid.org/0000-0002-3896-5858
dc.language.isoen
dc.publisherTAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OR14 4RN, OXON, ENGLAND
dc.relation.ispartofINTERNATIONAL ECONOMIC JOURNAL
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectStock markets
dc.subjecteconomic policy uncertainty
dc.subjectgeopolitical risks
dc.subjectFourier causality
dc.titleDo the Political Uncertainty and Geopolitical Risk Indexes in the G-7 Countries Relate to Stock Prices? Fourier Causality Test Evidence
dc.typeArticle

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