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

被引：0
作者：
Harb, Hadi [1 ,2 ]
Umutlu, Mehmet [3 ]
机构：
[1] Yasar Univ, Grad Sch, TR-35100 Bornova, Izmir, Turkiye
[2] Univ Sci & Arts Lebanon, Dept Accounting & Finance, Beirut, Lebanon
[3] Edinburgh Napier Univ, Business Sch, Accounting & Finance Subject Grp, Edinburgh EH14 1DJ, Scotland
来源：
ECONOMICS LETTERS | 2024年 / 244卷
关键词：
Contagion; Covid-19; pandemic; Global financial crisis; Correlation; International diversification;
D O I：
10.1016/j.econlet.2024.112026
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
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页数：8
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