World War II events and the Dow-Jones Industrial Index


Choudhry, Taufiq (2009) World War II events and the Dow-Jones Industrial Index , Southampton, GB University of Southampton (Working Paper Series).

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Description/Abstract

This paper tries to determine which events of World War II (WWII) were viewed as the turning point (structural break) of war by the US investors. The empirical study employs daily Dow Jones industrial average stock index from January 1939 to December 1945 and applies structural shift oriented test to determine endogenously the structural breaks during the WWII period. Results show that majority of the wartime events (on and off the battlefield) labelled important by historians did result in structural breaks in price movement (risk).

Item Type: Monograph (Working Paper)
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Keywords: wwii, events, structural breaks, allies, stock index
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ePrint ID: 37455
Date :
Date Event
7 August 2009Published
Date Deposited: 11 Jul 2006
Last Modified: 16 Apr 2017 22:03
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/37455

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