Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/289711 
Year of Publication: 
2022
Citation: 
[Journal:] Comparative Economic Research. Central and Eastern Europe [ISSN:] 2082-6737 [Volume:] 25 [Issue:] 3 [Year:] 2022 [Pages:] 90-109
Publisher: 
Lodz University Press, Lodz
Abstract: 
Capital markets react almost immediately to crises. Such relationships can be both international and local. The research focuses on the stock markets of two countries: Spain and Poland. These countries are often compared in terms of various economic and social criteria. The research covers the period from March 3, 2019, to March 31, 2021. The aim is to identify sectors and indices similar to each other at the local level and to identify, among pairs of similar indices, those that provide a boost to another sector. The research uses the hierarchical cluster analysis method (Ward's method) and the Granger causality test. This work presents a novel approach to sectoral comparison at the local level.
Subjects: 
coronavirus
economic sectors
financial volatility
similarity
JEL: 
C32
C38
G01
G14
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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