Financial Innovation | |
Did weekly economic index and volatility index impact US food sales during the first year of the pandemic? | |
Research | |
Narasingha Das1  Partha Gangopadhyay2  | |
[1] Economists for Peace and Security- Australia Chapter, Sydney, Australia;Western Sydney University, Sydney, Australia; | |
关键词: COVID-19; Food sales; US weekly economic index; CBOE’s volatility index; ARDL model; Bewley transformation; NARDL model; QARDL model; E32; E00; Q54; C33; | |
DOI : 10.1186/s40854-023-00460-y | |
received in 2022-04-01, accepted in 2023-01-29, 发布年份 2023 | |
来源: Springer | |
【 摘 要 】
We explore the impacts of economic and financial dislocations caused by COVID-19 pandemic shocks on food sales in the United States from January 2020 to January 2021. We use the US weekly economic index (WEI) to measure economic dislocations and the Chicago Board Options Exchange volatility index (VIX) to capture the broader stock market dislocations. We validate the NARDL model by testing a battery of models using the autoregressive distributed lags (ARDL) methodology (ARDL, NARDL, and QARDL specifications). Our study postulates that an increase in WEI has a significant negative long-term effect on food sales, whereas a decrease in WEI has no statistically significant (long-run) effect. Thus, policy responses that ignore asymmetric effects and hidden cointegration may fail to promote food security during pandemics.
【 授权许可】
CC BY
© The Author(s) 2023
【 预 览 】
Files | Size | Format | View |
---|---|---|---|
RO202305159189864ZK.pdf | 2167KB | download | |
Fig. 5 | 480KB | Image | download |
Fig. 2 | 423KB | Image | download |
MediaObjects/41408_2023_791_MOESM3_ESM.pptx | 558KB | Other | download |
923KB | Image | download | |
MediaObjects/13227_2022_206_MOESM1_ESM.docx | 567KB | Other | download |
MediaObjects/13068_2022_2256_MOESM2_ESM.xlsx | 9489KB | Other | download |
Fig. 1 | 1832KB | Image | download |
Fig. 5 | 698KB | Image | download |
MediaObjects/12974_2023_2741_MOESM1_ESM.docx | 1387KB | Other | download |
Fig. 7 | 262KB | Image | download |
1043KB | Image | download | |
Fig. 1 | 131KB | Image | download |
Fig. 8 | 80KB | Image | download |
Fig. 4 | 899KB | Image | download |
Fig. 9 | 269KB | Image | download |
12936_2023_4464_Article_IEq7.gif | 1KB | Image | download |
40854_2023_460_Article_IEq15.gif | 1KB | Image | download |
Fig. 1 | 176KB | Image | download |
Fig. 11 | 426KB | Image | download |
Fig. 5 | 212KB | Image | download |
Fig. 2 | 933KB | Image | download |
12936_2023_4464_Article_IEq13.gif | 1KB | Image | download |
Fig. 12 | 108KB | Image | download |
MediaObjects/42004_2023_817_MOESM5_ESM.cif | 1563KB | Other | download |
Fig. 13 | 275KB | Image | download |
Fig. 1 | 85KB | Image | download |
Fig. 9 | 660KB | Image | download |
40517_2023_248_Article_IEq1.gif | 1KB | Image | download |
40517_2023_248_Article_IEq2.gif | 1KB | Image | download |
40517_2023_248_Article_IEq3.gif | 1KB | Image | download |
40517_2023_248_Article_IEq4.gif | 1KB | Image | download |
40517_2023_248_Article_IEq5.gif | 1KB | Image | download |
40517_2023_248_Article_IEq6.gif | 1KB | Image | download |
40517_2023_248_Article_IEq7.gif | 1KB | Image | download |
40517_2023_248_Article_IEq8.gif | 1KB | Image | download |
40517_2023_248_Article_IEq9.gif | 1KB | Image | download |
40517_2023_248_Article_IEq10.gif | 1KB | Image | download |
40517_2023_248_Article_IEq11.gif | 1KB | Image | download |
40517_2023_248_Article_IEq12.gif | 1KB | Image | download |
40517_2023_248_Article_IEq13.gif | 1KB | Image | download |
40517_2023_248_Article_IEq14.gif | 1KB | Image | download |
40517_2023_248_Article_IEq15.gif | 1KB | Image | download |
40517_2023_248_Article_IEq16.gif | 1KB | Image | download |
40517_2023_248_Article_IEq17.gif | 1KB | Image | download |
40517_2023_248_Article_IEq18.gif | 1KB | Image | download |
40517_2023_248_Article_IEq19.gif | 1KB | Image | download |
40517_2023_248_Article_IEq31.gif | 1KB | Image | download |
Fig. 4 | 1300KB | Image | download |
MediaObjects/41408_2023_791_MOESM4_ESM.pptx | 365KB | Other | download |
40517_2023_248_Article_IEq33.gif | 1KB | Image | download |
40517_2023_248_Article_IEq34.gif | 1KB | Image | download |
40517_2023_248_Article_IEq35.gif | 1KB | Image | download |
Fig. 1 | 354KB | Image | download |
40517_2023_248_Article_IEq37.gif | 1KB | Image | download |
MediaObjects/12888_2023_4613_MOESM1_ESM.docx | 17KB | Other | download |
MediaObjects/41408_2023_791_MOESM5_ESM.pptx | 156KB | Other | download |
40517_2023_248_Article_IEq40.gif | 1KB | Image | download |
40517_2023_248_Article_IEq41.gif | 1KB | Image | download |
Fig. 5 | 3721KB | Image | download |
Fig. 4 | 699KB | Image | download |
MediaObjects/41408_2023_791_MOESM6_ESM.xlsx | 11KB | Other | download |
MediaObjects/12864_2023_9176_MOESM5_ESM.xlsx | 16KB | Other | download |
40854_2022_419_Article_IEq5.gif | 1KB | Image | download |
Fig. 2 | 458KB | Image | download |
Fig. 1 | 538KB | Image | download |
40854_2023_456_Article_IEq31.gif | 1KB | Image | download |
MediaObjects/12974_2023_2735_MOESM1_ESM.docx | 2084KB | Other | download |
Fig. 4 | 3102KB | Image | download |
Fig. 2 | 1316KB | Image | download |
Fig. 5 | 1942KB | Image | download |
【 图 表 】
Fig. 5
Fig. 2
Fig. 4
40854_2023_456_Article_IEq31.gif
Fig. 1
Fig. 2
40854_2022_419_Article_IEq5.gif
Fig. 4
Fig. 5
40517_2023_248_Article_IEq41.gif
40517_2023_248_Article_IEq40.gif
40517_2023_248_Article_IEq37.gif
Fig. 1
40517_2023_248_Article_IEq35.gif
40517_2023_248_Article_IEq34.gif
40517_2023_248_Article_IEq33.gif
Fig. 4
40517_2023_248_Article_IEq31.gif
40517_2023_248_Article_IEq19.gif
40517_2023_248_Article_IEq18.gif
40517_2023_248_Article_IEq17.gif
40517_2023_248_Article_IEq16.gif
40517_2023_248_Article_IEq15.gif
40517_2023_248_Article_IEq14.gif
40517_2023_248_Article_IEq13.gif
40517_2023_248_Article_IEq12.gif
40517_2023_248_Article_IEq11.gif
40517_2023_248_Article_IEq10.gif
40517_2023_248_Article_IEq9.gif
40517_2023_248_Article_IEq8.gif
40517_2023_248_Article_IEq7.gif
40517_2023_248_Article_IEq6.gif
40517_2023_248_Article_IEq5.gif
40517_2023_248_Article_IEq4.gif
40517_2023_248_Article_IEq3.gif
40517_2023_248_Article_IEq2.gif
40517_2023_248_Article_IEq1.gif
Fig. 9
Fig. 1
Fig. 13
Fig. 12
12936_2023_4464_Article_IEq13.gif
Fig. 2
Fig. 5
Fig. 11
Fig. 1
40854_2023_460_Article_IEq15.gif
12936_2023_4464_Article_IEq7.gif
Fig. 9
Fig. 4
Fig. 8
Fig. 1
Fig. 7
Fig. 5
Fig. 1
Fig. 2
Fig. 5
【 参考文献 】
- [1]
- [2]
- [3]
- [4]
- [5]
- [6]
- [7]
- [8]
- [9]
- [10]
- [11]
- [12]
- [13]
- [14]
- [15]
- [16]
- [17]
- [18]
- [19]
- [20]
- [21]
- [22]
- [23]
- [24]
- [25]
- [26]
- [27]
- [28]
- [29]
- [30]
- [31]
- [32]
- [33]
- [34]
- [35]
- [36]
- [37]
- [38]
- [39]
- [40]
- [41]
- [42]
- [43]
- [44]
- [45]
- [46]
- [47]
- [48]
- [49]
- [50]
- [51]
- [52]
- [53]
- [54]
- [55]
- [56]
- [57]
- [58]
- [59]
- [60]
- [61]
- [62]
- [63]
- [64]
- [65]
- [66]