References (14)



World War II Events and the Dow-Jones Industrial Index

Taufiq Choudhry

University of Southampton

August 7, 2009

[enter Abstract Body]This paper tries to determine which events of World War II (WWII) were viewed as the turning point (structural break) of war by the US investors. The empirical study employs daily Dow Jones industrial average stock index from January 1939 to December 1945 and applies structural shift oriented test to determine endogenously the structural breaks during the WWII period. Results show that majority of the wartime events (on and off the battlefield) labelled important by historians did result in structural breaks in price movement (risk).

Number of Pages in PDF File: 24

Keywords: WWII, Events, Structural breaks, Allies, Stock index

JEL Classification: G10, G14

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Date posted: August 27, 2009  

Suggested Citation

Choudhry, Taufiq, World War II Events and the Dow-Jones Industrial Index (August 7, 2009). Available at SSRN: http://ssrn.com/abstract=1445564 or http://dx.doi.org/10.2139/ssrn.1445564

Contact Information

Taufiq Choudhry (Contact Author)
University of Southampton ( email )
University Rd.
Southampton SO17 1BJ, Hampshire SO17 1LP
United Kingdom
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References:  14

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