Spillover (economics): Difference between revisions

The accident at the [[Fukushima nuclear accident|Fukushima nuclear power statition]] in 2011 is another example of spillover effect. There has been a sharp decline in the stock prices of utilities that own nuclear power plants, which were observed on the Tokyo Stock Exchange.<ref>{{Cite web |last=Kawashima |first=Shingo |last2=Takeda |first2=Fumiko |date=2012 |title=The effect of the Fukushima nuclear accident on stock prices of electric power utilities in Japan |url=https://www.sciencedirect.com/science/article/abs/pii/S0140988312001752?via%3Dihub |website=ScienceDirect}}</ref> Such a catastrophe has always an impact on the other countries. One study shows that alternative energy stocks in French and German exhibit abnormal returns during the event window. This happened because market expected a change in policy towards alternative energies. On the other hand, the effect on the U.S. stocks was not confirmed.<ref>{{Cite journal |last=Ferstl |first=Robert |last2=Utz |first2=Sebastian |last3=Wimmer |first3=Maximilian |date=2012-05-01 |title=The Effect of the Japan 2011 Disaster on Nuclear and Alternative Energy Stocks Worldwide: An Event Study |url=https://doi.org/10.1007/BF03342730 |journal=Business Research |language=en |volume=5 |issue=1 |pages=25–41 |doi=10.1007/BF03342730 |issn=2198-2627|hdl=10419/103707 |hdl-access=free }}</ref>

 

 

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