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Does stock market performance affect the government satisfaction rating in the UK?

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 p...

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Published in:Empirical economics 2017-11, Vol.53 (3), p.999-1009
Main Authors: Sen, Sedef, Donduran, Murat
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Language:English
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description 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.
doi_str_mv 10.1007/s00181-016-1156-7
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source International Bibliography of the Social Sciences (IBSS); ABI/INFORM Global; Springer Nature; BSC - Ebsco (Business Source Ultimate); EconLit
subjects Causality
Customer satisfaction
Econometrics
Economic models
Economic theory
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Excellence
Finance
Government
Insurance
Management
Ratings & rankings
Securities markets
Statistics for Business
Voters
title Does stock market performance affect the government satisfaction rating in the UK?
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