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Does Stock Market Performance Affect the Government Satisfaction Rating in the UK?       
Yazarlar
Doç. Dr. Sedef ŞEN Doç. Dr. Sedef ŞEN
Yıldız Teknik Üniversitesi, Türkiye
Murat Donduran
Yıldız Teknik Üniversitesi, Türkiye
Özet
In this study, we attempt to answer the question of whether stock market performance affects the government satisfaction rating in the long run in a sample period spanning 1984:Q1 to 2013:Q2 in the UK. We examine both the equilibrium relationship and the causality relationship between stock market performance and government satisfaction rating. The results indicate that the voters are sensitive to the economic shocks and hold responsible for the government. The empirical results confirm the responsibility hypothesis.
Anahtar Kelimeler
Co-integration and asymmetric causality | Government satisfaction rating | Stock market
Makale Türü Özgün Makale
Makale Alt Türü SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale
Dergi Adı EMPIRICAL ECONOMICS
Dergi ISSN 0377-7332
Dergi Tarandığı Indeksler SSCI
Dergi Grubu Q2
Makale Dili İngilizce
Basım Tarihi 11-2017
Cilt No 53
Sayı 3
Sayfalar 999 / 1009
Doi Numarası 10.1007/s00181-016-1156-7
Makale Linki link.springer.com/article/10.1007/s00181-016-1156-7