Date of Award

2024

Degree Type

Doctoral Dissertation

Degree Name

Doctor of Business Administration (DBA)

Department

Jack Welch College of Business & Technology

Comments

Submitted as partial fulfillment of the requirements for the degree of Doctor of Business Administration in Finance Sacred Heart University, Jack Welch College of Business and Technology, Sacred Heart University.

DISSERTATION Number DBA06/2024

Dissertation Supervisor

Dr. Lucjan T. Orlowski

Committee Member

Dr. Carolyne Soper

Committee Member

Dr. Mahfuja Malik

Abstract

The study aims to investigate the transmission of Economic Policy Uncertainty (EPU) shocks on unemployment rates across different ethnic groups in the United States. The research employs econometric analysis such as regression modeling to determine the relationship between EPU and unemployment rates among African American, Hispanic or Latino American, and White American communities. The study estimates coefficient estimates for the lagged change in EPU and its impact on respective unemployment rates for each ethnic group. This shows that there are statistically significant positive relationships between EPU shocks and unemployment rates across all ethnic groups. An increase in EPU leads to a corresponding change in unemployment rates. There is a particularly pronounced impact of EPU shocks on unemployment rates among African and Hispanic American ethnic groups.

JEL Classification

JEL Classification: D80, J16, J71.

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.


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