Stock market performance and partisan presidency.
From: Journal of Academy of Business and Economics
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Date: 1/1/2007
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Author: Chen, David Y.; Howard, Robert L.
ABSTRACT
This paper uses OLS regression and Markov regime switching approaches to investigate the relationship between stock market performance and U.S. presidents from Kennedy to the first term of G.W. Bush's administrations (1961 to 2003). To answering the question whether significant difference exists in stock market performance in general (DJIA or NYSE composite) and partisan presidential changes, results from the OLS approach based on contemporary variables in the economic ...
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