Cross-country determinants of economic policy uncertainty spillovers

Faruk Balli; Gazi Salah Uddin; Mudassar Hasan; Seong Min Yoon

doi:10.1016/j.econlet.2017.05.016

Cross-country determinants of economic policy uncertainty spillovers

Faruk Balli, Gazi Salah Uddin, Mudassar Hasan, Seong Min Yoon^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

121 Citations (Scopus)

Abstract

This study explores the determinants of cross-country economic policy uncertainty (EPU) spillovers. We find that bilateral factors such as trade and common language play a highly significant role in explaining the magnitude of EPU spillovers. Furthermore, the magnitude of EPU spillovers is higher for countries having higher vulnerability in terms of fiscal, trade, or financial liability imbalances.

Original language	English
Pages (from-to)	179-183
Number of pages	5
Journal	Economics Letters
Volume	156
Early online date	19 May 2017
DOIs	https://doi.org/10.1016/j.econlet.2017.05.016
Publication status	Published - 1 Jul 2017
Externally published	Yes

Keywords

bilateral linkages
EPU
Spillover index

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10.1016/j.econlet.2017.05.016

Cite this

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title = "Cross-country determinants of economic policy uncertainty spillovers",

abstract = "This study explores the determinants of cross-country economic policy uncertainty (EPU) spillovers. We find that bilateral factors such as trade and common language play a highly significant role in explaining the magnitude of EPU spillovers. Furthermore, the magnitude of EPU spillovers is higher for countries having higher vulnerability in terms of fiscal, trade, or financial liability imbalances.",

keywords = "bilateral linkages, EPU, Spillover index",

author = "Faruk Balli and Uddin, {Gazi Salah} and Mudassar Hasan and Yoon, {Seong Min}",

note = "Funding information: The second author (G. S. Uddin) is grateful for financial support from Jan Wallanders and the Tom Hedelius Foundation. The fourth author (S.-M. Yoon) is grateful for financial support from the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2016S1A3A2924349).",

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doi = "10.1016/j.econlet.2017.05.016",

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AU - Balli, Faruk

AU - Uddin, Gazi Salah

AU - Hasan, Mudassar

AU - Yoon, Seong Min

N1 - Funding information: The second author (G. S. Uddin) is grateful for financial support from Jan Wallanders and the Tom Hedelius Foundation. The fourth author (S.-M. Yoon) is grateful for financial support from the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2016S1A3A2924349).

PY - 2017/7/1

Y1 - 2017/7/1

N2 - This study explores the determinants of cross-country economic policy uncertainty (EPU) spillovers. We find that bilateral factors such as trade and common language play a highly significant role in explaining the magnitude of EPU spillovers. Furthermore, the magnitude of EPU spillovers is higher for countries having higher vulnerability in terms of fiscal, trade, or financial liability imbalances.

AB - This study explores the determinants of cross-country economic policy uncertainty (EPU) spillovers. We find that bilateral factors such as trade and common language play a highly significant role in explaining the magnitude of EPU spillovers. Furthermore, the magnitude of EPU spillovers is higher for countries having higher vulnerability in terms of fiscal, trade, or financial liability imbalances.

KW - bilateral linkages

KW - EPU

KW - Spillover index

UR - http://www.scopus.com/inward/record.url?scp=85019934589&partnerID=8YFLogxK

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DO - 10.1016/j.econlet.2017.05.016

M3 - Article

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SN - 0165-1765

VL - 156

SP - 179

EP - 183

JO - Economics Letters

JF - Economics Letters

ER -

Cross-country determinants of economic policy uncertainty spillovers

Abstract

Keywords

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