4.7 Article

COVID-19 crisis, voters' drivers, and financial markets consequences on US presidential election and global economy

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FINANCE RESEARCH LETTERS
卷 44, 期 -, 页码 -

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ACADEMIC PRESS INC ELSEVIER SCIENCE
DOI: 10.1016/j.frl.2021.102113

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United States presidential election; COVID-19 pandemic; Global economy; Financial market; Uncertainty; News -based variable

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This paper examines the impact of COVID-19 on the United States 2020 presidential election. The results show that COVID-19 affects the candidates' chances, with Biden's supporters reacting positively to news about unemployment and healthcare, while Trump's opportunities increase with coronavirus indicators and news about populism.
The paper examines the United States 2020 presidential election drivers and effects, under the uncertainty caused by COVID-19. By considering news-based, financial markets, and coronavirus specific inputs in panel data framework, the results reveal that COVID-19 affects candidates' chances. Biden's electorate reacts positive to news regarding unemployment or healthcare, stress level on financial markets or Country Sentiment Index. Trump's opportunities increase with coronavirus indicators or news about populism. However, President-elect Biden must provide solutions for national economy issues like unemployment, budget deficit or healthcare inequalities. Simultaneously, having extensive prerogatives on trade and investment partnerships, influences mitigation of COVID-19 global effects.

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