Do major health shocks affect the interconnectedness of E-commerce and electronic payment markets? a regional analysis
Article
Gunay, Samet, Prentice, Catherine and Sraieb, Mohamed. 2023. "Do major health shocks affect the interconnectedness of E-commerce and electronic payment markets? a regional analysis." Electronic Commerce Research. https://doi.org/10.1007/s10660-022-09669-y
| Article Title | Do major health shocks affect the interconnectedness of E-commerce and electronic payment markets? a regional analysis |
|---|---|
| ERA Journal ID | 19287 |
| Article Category | Article |
| Authors | Gunay, Samet, Prentice, Catherine and Sraieb, Mohamed |
| Journal Title | Electronic Commerce Research |
| Number of Pages | 27 |
| Year | 2023 |
| Publisher | Springer |
| Place of Publication | United States |
| ISSN | 1389-5753 |
| 1572-9362 | |
| Digital Object Identifier (DOI) | https://doi.org/10.1007/s10660-022-09669-y |
| Web Address (URL) | https://link.springer.com/article/10.1007/s10660-022-09669-y |
| Abstract | In view of the recent pandemic and its associated impact, this study examines the relationship between e-commerce and mobile/electronic payment markets by utilizing two indices as proxies of these market developments. The study employed DCC-GARCH modeling, Hacker–Hatemi bootstrap causality test, Diebold–Yilmaz volatility spillover analysis and a volatility modeling incorporating COVID19 related death statistics of three regions: America, Europe and Asia. The results show that while the two markets display very high time-varying correlations across years, a significant causal relationship is only found during the pandemic. Causality runs from the mobile/electronic payment index to the e-commerce index. Volatility spillover analysis further supports this finding. Interestingly, the mobile/electronic payment index tends to become a net volatility transmitter in the pandemic period. When we incorporate regional COVID19 statistics on cases and deaths in the volatility modeling of the e-commerce index, we find that only COVID19 deaths in Europe have a significant effect on e-commerce returns. This result may be rationalized by the relative tightness of the e-commerce market in Europe compared to America and Asia. Likewise, demographic characteristics might be another potential driver for our findings. |
| Keywords | E-commerce index; The COVID19 pandemic; Electronic payment index |
| ANZSRC Field of Research 2020 | 350499. Commercial services not elsewhere classified |
| Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
| Byline Affiliations | American University of the Middle East, Kuwait |
| School of Business | |
| Griffith University | |
| Staffordshire University, United Kingdom |
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