Abstract
Recent empirical evidence indicates that the delay in the 2000 presidential election results impacted the stock market performance in the United States. In the present study we examine the impact of the same delay on the performance of the Canadian and Mexican stock markets. We find evidence indicating that both the Canadian and the Mexican stock markets were affected negatively during the period. This study not only shows that the Mexican and Canadian stock markets are closely integrated with their American counterparts but also indicates that the markets of these countries follow the U.S. presidential elections as closely as U.S. markets do.
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The authors thank the Department of Economics and Finance, Texas A&M University-Commerce, for financial support to purchase some of the data used in the study.
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Nippani, S., Arize, A.C. U.S. Presidential election impact on Canadian and Mexican stock markets. J Econ Finan 29, 271–279 (2005). https://doi.org/10.1007/BF02761558
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DOI: https://doi.org/10.1007/BF02761558