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Economic Policy Uncertainty in the United States and Europe: A Cointegration Test

International Journal of Economics and Finance, 5(2), 98-101, February 2013

5 Pages Posted: 3 Jun 2012 Last revised: 14 Jul 2013

Vichet Sum

University of Maryland Eastern Shore - School of Business and Technology

Date Written: June 3, 2012

Abstract

Economic uncertainty is closely followed and analysed by businesses, policy makers and academic scholars because the world economies have now become very closely interconnected more than ever. This study is to examine a relationship between economic policy uncertainty between the United States and Europe. The results reveal a long-run equilibrium relationship (cointegration) in economic policy uncertainty between the United States and Europe. The findings provide evidence of the interconnectedness of economic conditions between the United State and Europe in line with the international transmission and spill-over literature.

Keywords: economic policy uncertainty, cointegration

JEL Classification: E60

Suggested Citation

Sum, Vichet, Economic Policy Uncertainty in the United States and Europe: A Cointegration Test (June 3, 2012). International Journal of Economics and Finance, 5(2), 98-101, February 2013. Available at SSRN: https://ssrn.com/abstract=2074114 or http://dx.doi.org/10.2139/ssrn.2074114

Vichet Sum (Contact Author)

University of Maryland Eastern Shore - School of Business and Technology ( email )

2105 Kiah Hall
Princess Anne, MD 21853
United States
410-651-6531 (Phone)
410-651-6529 (Fax)

HOME PAGE: http://www.umes.edu/bma/Sum.html

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