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

Ionuț Daniel Pop

Finance Research Letters, 2022, vol. 44, issue C

Abstract: 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.

Keywords: United States presidential election; COVID-19 pandemic; Global economy; Financial market; Uncertainty; News-based variable (search for similar items in EconPapers)
JEL-codes: C33 E24 E32 E66 G15 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:44:y:2022:i:c:s154461232100194x

DOI: 10.1016/j.frl.2021.102113

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