Shock resistors or transmitters? Contagion across industries and countries during the COVID-19 pandemic and the global financial crisis

C-Tier

Journal: Economics Letters

Year: 2024

Volume: 244

Issue: C

Authors (2)

Harb, Hadi (not in RePEc) Umutlu, Mehmet (Edinburgh Napier University)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

View Full Article View on IDEAS/RePEc

Abstract

We examine how global shocks from various sources propagate across industries and countries. Financial contagion is measured using residual-based and volatility-adjusted correlation. Specific industries and countries were resilient during both global crises, while others played a significant role in transmitting shocks.

Shock resistors or transmitters? Contagion across industries and countries during the COVID-19 pandemic and the global financial crisis

Authors (2)

Abstract

Technical Details