The Relationship between Current COVID-19 and Indonesia Stock Market: Evidence from ARDL Model
نویسندگان
چکیده
This study aims to prove how COVID-19 in response the Indonesia stock market applying an Auto-Regressive Distributed Lag (ARDL) cointegration method. analyzes relationship between natural logarithm of daily trading volume Stock Exchange and confirmed cases both short run long run. Bound test were used analyze data from 2 March 2020 until 30 November 2020. The findings result show short-run, is only influenced by its lag, but not long-run. Meanwhile variable proved be significantly affected model predicted re-stabilize at least over 1.7 months later
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ژورنال
عنوان ژورنال: Jurnal Ekonomi Pembangunan
سال: 2021
ISSN: ['1829-5843', '2685-0788']
DOI: https://doi.org/10.29259/jep.v19i1.13837