COVID 19: The Impact of Government Policy Responses on Economic Activity and Stock Market Performance in Malaysia

Q3 Economics, Econometrics and Finance

Jurnal Ekonomi Malaysia Pub Date : 2021-01-01 DOI:10.17576/jem-2021-5501-9

C. Keh, Y. Tan

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引用次数: 7

Abstract

The exponential spread of the coronavirus in Malaysia has caused a significant majority of the economic activities to cease, resulting in poor stock market performance. This pandemic situation has in turn prompted the government to introduce policies to restart and improve economic activity and stock market performance. Hence, does the government’s interference in attempting to control the outbreak of COVID-19 disease, play an important part in affecting the level of economic activity and stock market performance? To resolve this doubt, the impact of government policy responses to COVID-19 in the case of Malaysia was investigated. The sample period of the study was from 28 January 2020 till 29 May 2020, amounting to a total of 84 observations. The findings reveal that the responses taken by the government, such as staying at home requirements, closure of workplaces and debt or contract relief for households, significantly affected both economic activity and stock market performance in the country. Based on the results, these responses appear to have significant policy implications, particularly in displaying that debt or contract relief for households have negative impacts on the economic activities, but a positive impact on the stock market. © 2021 Penerbit Universiti Kebangsaan Malaysia. All rights reserved.

查看原文本刊更多论文

2019冠状病毒病:政府政策应对对马来西亚经济活动和股市表现的影响

冠状病毒在马来西亚的指数级传播导致绝大多数经济活动停止，导致股市表现不佳。疫情又促使政府出台政策，重启并改善经济活动和股市表现。因此，政府试图控制COVID-19疫情的干预是否在影响经济活动水平和股市表现方面发挥了重要作用?为了解决这一疑问，我们调查了政府应对COVID-19的政策对马来西亚的影响。该研究的样本期为2020年1月28日至2020年5月29日，共进行84次观测。研究结果显示，政府采取的应对措施，如居家要求、关闭工作场所、家庭债务或合同减免，对该国的经济活动和股市表现都有显著影响。根据结果，这些反应似乎具有重大的政策含义，特别是在显示家庭债务或合同减免对经济活动产生负面影响，但对股票市场产生积极影响方面。©2021马来西亚Penerbit大学。版权所有。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Jurnal Ekonomi Malaysia Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.50

自引率

0.00%

发文量

期刊介绍： Jurnal Ekonomi Malaysia (JEM) is a Scopus indexed peer reviewed journal published by UKM Press (Penerbit UKM), Universiti Kebangsaan Malaysia. The journal publishes original research articles as well as short notes, comments and book reviews on all aspects of economics, particularly those pertaining to the developing economies. Articles are published in both English and Malay.