IMPACT OF COVID 19 ANNOUNCEMENTS AND GOVERNMENT RESTRICTIONS ON CDS PREMIUMS OF BRICS-T COUNTRIES
Küçük Resim Yok
Tarih
2025
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Doğuş Üniversitesi
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
In this study, the impact of changes in the number of Covid-19 cases and deaths, as well as government restrictions taken to reduce the spread of the pandemic, on the CDS premiums of BRICS-T countries, which are risk indicators, were examined. The data for the study include the number of deaths and cases as Covid-19 announcements, the stringency index calculated by the Oxford Covid-19 Government Response Tracker (OxCGRT) for government restrictions, and the CDS premium prices for Brazil, Russia, India, China, South Africa, and Turkey. For he study, Kao and Pedroni cointegration tests, Dumitrescu Hurlin and Granger causality analyses, and static panel data analysis were conducted. According to the analysis results, the cointegration tests indicate a long-term relationships between CDS premiums and case, death, strigency index of BRICS-T countries. According to the causality test results, a causal relationship from government restrictions to country CDS premiums, while no relationship could be determined from the number of cases and deaths. The static panel analysis results indicate that only government restrictions have a positive and significant effect on CDS premiums. In conclusion, the study shows that the increase in restrictions, along with the pressure of government restrictions on the economic system, increases the risk of emerging and developing countries.
In this study, the impact of changes in the number of Covid-19 cases and deaths, as well as government restrictions taken to reduce the spread of the pandemic, on the CDS premiums of BRICS-T countries, which are risk indicators, were examined. The data for the study include the number of deaths and cases as Covid-19 announcements, the stringency index calculated by the Oxford Covid-19 Government Response Tracker (OxCGRT) for government restrictions, and the CDS premium prices for Brazil, Russia, India, China, South Africa, and Turkey. For he study, Kao and Pedroni cointegration tests, Dumitrescu Hurlin and Granger causality analyses, and static panel data analysis were conducted. According to the analysis results, the cointegration tests indicate a long-term relationships between CDS premiums and case, death, strigency index of BRICS-T countries. According to the causality test results, a causal relationship from government restrictions to country CDS premiums, while no relationship could be determined from the number of cases and deaths. The static panel analysis results indicate that only government restrictions have a positive and significant effect on CDS premiums. In conclusion, the study shows that the increase in restrictions, along with the pressure of government restrictions on the economic system, increases the risk of emerging and developing countries.
In this study, the impact of changes in the number of Covid-19 cases and deaths, as well as government restrictions taken to reduce the spread of the pandemic, on the CDS premiums of BRICS-T countries, which are risk indicators, were examined. The data for the study include the number of deaths and cases as Covid-19 announcements, the stringency index calculated by the Oxford Covid-19 Government Response Tracker (OxCGRT) for government restrictions, and the CDS premium prices for Brazil, Russia, India, China, South Africa, and Turkey. For he study, Kao and Pedroni cointegration tests, Dumitrescu Hurlin and Granger causality analyses, and static panel data analysis were conducted. According to the analysis results, the cointegration tests indicate a long-term relationships between CDS premiums and case, death, strigency index of BRICS-T countries. According to the causality test results, a causal relationship from government restrictions to country CDS premiums, while no relationship could be determined from the number of cases and deaths. The static panel analysis results indicate that only government restrictions have a positive and significant effect on CDS premiums. In conclusion, the study shows that the increase in restrictions, along with the pressure of government restrictions on the economic system, increases the risk of emerging and developing countries.
Açıklama
Anahtar Kelimeler
BRICS-T|CDS Premiums|Covid-19|Government Restrictions|BRICS-T|CDS Primleri|Covid-19|Hükümet Duyuruları
Kaynak
Doğuş Üniversitesi Dergisi
WoS Q Değeri
Scopus Q Değeri
Cilt
26
Sayı
1
