Faculty of Economics and Business Administration, "Alexandru Ioan Cuza" University of Iași, 700506 Iași, Romania.
CERNESIM Environmental Research Center, ICI, "Alexandru Ioan Cuza" University of Iași, 700506 Iași, Romania.
Int J Environ Res Public Health. 2021 Sep 3;18(17):9315. doi: 10.3390/ijerph18179315.
The current health crisis has several socioeconomic influences that could be compared to those experienced during the 2008 economic and financial crisis. Governments around the world are making great efforts to sustain markets as there are signs showing that the health crisis will be followed by an economic crisis. In this study, we aim to investigate the impact of COVID-19 on the Romanian stock market. For this purpose, we considered the influence on the Bucharest Exchange Trading (BET) index of such variables as the number of new cases and the number of new deaths caused by COVID-19, measures taken by authorities, and the international economic context. The collected data covered the period between 11 March 2020 and 30 April 2021. The Autoregressive Distributed Lag (ARDL) Bound cointegration test was used to measure the impact of COVID-19 on the stock market. The results showed a significant long-term negative impact of the pandemic on the BET index for Romania, while the European economic context had a positive influence. Therefore, these results could be used by authorities as a good guideline for the efficient management of measures that aim to reduce the negative effects of the healthcare crisis.
当前的卫生危机有几个社会经济影响，可以与 2008 年经济和金融危机期间的影响相媲美。世界各国政府正在努力维持市场，因为有迹象表明，卫生危机之后将出现经济危机。在这项研究中，我们旨在调查 COVID-19 对罗马尼亚股票市场的影响。为此，我们考虑了 COVID-19 新病例数和新死亡病例数、当局采取的措施以及国际经济背景等变量对布加勒斯特交易所交易（BET）指数的影响。收集的数据涵盖了 2020 年 3 月 11 日至 2021 年 4 月 30 日期间。我们使用自回归分布滞后（ARDL）边界协整检验来衡量 COVID-19 对罗马尼亚股票市场的影响。结果表明，大流行对 BET 指数的长期负面影响显著，而欧洲经济背景则产生了积极影响。因此，这些结果可以为当局提供一个良好的指导方针，以有效管理旨在减少医疗保健危机负面影响的措施。
