The effects of global investment assets on the Thai stock market

被引：0

作者：

Arwatchanakarn, Popkarn ^{[1
]}

Kuendee, Hathaichanok ^{[1
]}

Srijunngam, Jakravut ^{[1
]}

机构：

[1] Mae Fah Luang Univ, Discipline Econ, Sch Management, Chiang Rai, Thailand

来源：

2022 INTERNATIONAL CONFERENCE ON DECISION AID SCIENCES AND APPLICATIONS (DASA) | 2022年

关键词：

Bitcoin; BVAR; SET index; ARDL; BITCOIN;

D O I：

10.1109/DASA54658.2022.9765107

中图分类号：

TP18 [人工智能理论];

学科分类号：

081104 ; 0812 ; 0835 ; 1405 ;

摘要：

This paper sets out to examine the factor affecting the Thailand stock market, especially bitcoin, by applying the autoregressive distributed lags (ARDL) approach and the Bayesian VAR model with Gibb sampler with the data ranging from October 18th, 2017 to September 17th, 2021. The overall results show that the bitcoin and S&P500 index are two primary determinants of the Thai stock market. Both bitcoin and the S&P500 have a positive impact on the SET index, at least in the short run. Conversely, the volatility index and the gold price have a marginally negative impact. In particular, bitcoin can be considered as alternative asset for investors' portfolio choice.

引用

页码：1219 / 1223

页数：5

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