EXAMINING SPILLOVER IMPACT OF THE RUSSIA UKRAINE WAR ON THE STOCK RETURNS OF KAZAKHSTAN AND TURKEY

Authors

  • Muneer Hussain Lecturer BUITEMS Department of Management Science, BUITEMS Airport Road Quetta, Block C, Room 144.
  • Mir Hassan Lecturer BUITEMS Department of Public Administration
  • Haroon Khan M.Phil. Student Department of Education, University of Balochistan.
  • Jaffar Khan M.Phil. Student of International Relations, University of Balochistan.

Abstract

This study looks into how the Russia Ukraine war affected the stock returns from Kazakhstan and Turkey who was both indirectly involved in the war. Unit root test confirmed all the variables are stationary. Impulse response function was used to see the responsiveness from a shock in a certain variable, while variance decomposition was employed to analyze the proportion of variance from other variables to the interest variable experiencing a shock. The results in the short run indicate that there is little spillover from Russian Stock Returns on Returns with little or no response in the long term to the war of Russia and Ukraine. On the other hand, Kazakhstan does have greater spillover on Turkish Stock returns as compare to Russia during the war.

Keywords: Russia & Ukraine conflict, Impulse Response Function, Muslim countries, Variance Decomposition.

 

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Published

2024-12-30

How to Cite

Muneer Hussain, Mir Hassan, Haroon Khan, & Jaffar Khan. (2024). EXAMINING SPILLOVER IMPACT OF THE RUSSIA UKRAINE WAR ON THE STOCK RETURNS OF KAZAKHSTAN AND TURKEY. `, 2(4), 1183–1191. Retrieved from https://assajournal.com/index.php/36/article/view/213

Issue

Vol. 2 No. 4 (2024): Advance Social Science Archive Journal

Section

Articles

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