Proceedings of the 2023 4th International Conference on Education, Knowledge and Information Management (ICEKIM 2023)

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The Dynamic Effects of Economic Policy Uncertainty on Education Market Return Dynamics

Authors
Wang Gao1, Qian Cao2, *, Linlin Zhang3, *
1School of Finance, Hebei University of Economics and Business, Shijiazhuang, China
2Institute of Science and Technology Information, Beijing Academy of Science and Technology, Beijing, China
3School of Information Technology, Hebei University of Economics and Business, Shijiazhuang, China
*Corresponding author. Email: cq071016@163.com
*Corresponding author. Email: zhanglineducation@foxmail.com
Corresponding Authors
Qian Cao, Linlin Zhang
Available Online 30 June 2023.
DOI
10.2991/978-94-6463-172-2_201How to use a DOI?
Keywords
economic policy uncertainty; education; dynamic effects; TVP-SV-VAR
Abstract

In order to better explore the impact of economic policy uncertainty on the education market, this paper uses the time-varying parameter - random fluctuation vector auto regression (TVP-SV-VAR) model to analyze the impact of economic policy uncertainty (EPU) on the education rate of return and the education volatility. The results show that EPU has a significant time-varying effect on the return rate of China’s education market, and the short-term effect is the most significant. In terms of education volatility, EPU has a stronger influence on education market volatility in the medium and long term. In addition, when a crisis or major event occurs, the impact of EPU on China’s education market is greater and has a lag effect, among which the China-Us trade dispute and the impact of COVID-19 make the biggest contribution to market volatility.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 4th International Conference on Education, Knowledge and Information Management (ICEKIM 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
30 June 2023
ISBN
978-94-6463-172-2
ISSN
2589-4900
DOI
10.2991/978-94-6463-172-2_201How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Wang Gao
AU  - Qian Cao
AU  - Linlin Zhang
PY  - 2023
DA  - 2023/06/30
TI  - The Dynamic Effects of Economic Policy Uncertainty on Education Market Return Dynamics
BT  - Proceedings of the 2023 4th International Conference on Education, Knowledge and Information Management (ICEKIM 2023)
PB  - Atlantis Press
SP  - 1814
EP  - 1820
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-172-2_201
DO  - 10.2991/978-94-6463-172-2_201
ID  - Gao2023
ER  -