For decades, the two economic superpowers—the U.S and China—have converged on seemingly contentious issues. However, the U.S. administration under Donald Trump s presidency is now attempting to undo that as a deepening trade rift with Chin...
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https://www.riss.kr/link?id=A106881374
Refk Selmi (ESC Pau Business School, France) ; Youssef Errami (ESC Pau Business School, France) ; Mark E ; Wohar
2020
-
320
KCI등재,SCOPUS,ESCI
학술저널
282-295(14쪽)
0
0
상세조회0
다운로드다국어 초록 (Multilingual Abstract)
For decades, the two economic superpowers—the U.S and China—have converged on seemingly contentious issues. However, the U.S. administration under Donald Trump s presidency is now attempting to undo that as a deepening trade rift with Chin...
For decades, the two economic superpowers—the U.S and China—have converged on seemingly contentious issues. However, the U.S. administration under Donald Trump s presidency is now attempting to undo that as a deepening trade rift with China affects businesses in both economies. In July, August, and September 2018, the United States successively increased tariffs on a total of $250 billion in annual imports of Chinese goods, stating that it wished to safeguard U.S. companies from unfair Chinese practices and reduce the bilateral trade deficit. China responded with tariffs on $110 billion of imports from the United States. The trade tensions between the two economic superpowers have led to a significant and rapid reduction in bilateral trade in taxed goods. Our study employed an event study methodology to investigate the reactions of the sectoral U.S. stock prices to the China tariffs. This paper seeks to examine the heightened uncertainty surrounding the U.S.-China trade war to shed some light on the reactions of sectoral U.S. stock market to China tariff threats. Generally, the initial effects of trade tensions appear more significant than had been expected, reflecting the uncertainty shock. Specifically, the responses of information technology, industrials, and energy were even more severe than the reactions of financials, consumer discretionary items and staples, healthcare, real estate, aerospace and defense, and utilities. Designed to create a portfolio with balanced exposure, certain sectors have been positioned for offense (information technology and industrials) with others for defense (healthcare, real estate, and utilities). Our results clearly show that the sentiment and confidence of investors are impacted by heightened uncertainty.
목차 (Table of Contents)
참고문헌 (Reference)
1 Brown, S. J., "Using daily stock returns : The case of event studies" 14 (14): 3-31, 1985
2 Ramiah, V., "The sectoral effects of Brexit on the British economy : Early evidence from the reaction of the stock market" 49 : 2508-2514, 2016
3 Pham, H. N. A., "The financial effects of Trumpism" 74 : 264-274, 2018
4 Selmi, R., "The financial costs of political uncertainty : Evidence from the 2016U. S. presidential elections" 67 (67): 166-185, 2020
5 Backer, S., "The extraordinary rise in trade policy uncertainty"
6 Pasquariello, P., "Political uncertainty and financial market quality" University of Michigan 2014
7 Gil-Alana, L. A., "On the persistence and volatility in European:American and Asian stocks bull and bear markets" 40 (40): 149-162, 2014
8 Dodd, P., "On corporate governance: A study of proxy contests" 11 (11): 401-438, 1983
9 Yaya, O. S., "Fractional integration and asymmetric volatility in European, American and Asian bull and bear markets : Application to high frequency stock data" 20 (20): 276-290, 2015
10 Benninga, S., "Financial modeling" MIT Press 2008
1 Brown, S. J., "Using daily stock returns : The case of event studies" 14 (14): 3-31, 1985
2 Ramiah, V., "The sectoral effects of Brexit on the British economy : Early evidence from the reaction of the stock market" 49 : 2508-2514, 2016
3 Pham, H. N. A., "The financial effects of Trumpism" 74 : 264-274, 2018
4 Selmi, R., "The financial costs of political uncertainty : Evidence from the 2016U. S. presidential elections" 67 (67): 166-185, 2020
5 Backer, S., "The extraordinary rise in trade policy uncertainty"
6 Pasquariello, P., "Political uncertainty and financial market quality" University of Michigan 2014
7 Gil-Alana, L. A., "On the persistence and volatility in European:American and Asian stocks bull and bear markets" 40 (40): 149-162, 2014
8 Dodd, P., "On corporate governance: A study of proxy contests" 11 (11): 401-438, 1983
9 Yaya, O. S., "Fractional integration and asymmetric volatility in European, American and Asian bull and bear markets : Application to high frequency stock data" 20 (20): 276-290, 2015
10 Benninga, S., "Financial modeling" MIT Press 2008
11 Mackinlay, C., "Event studies in finance and economics" 35 : 13-39, 1997
12 Williams, C. D., "Asymmetric responses to earnings news: A case of ambiguity" University of North Carolina 2009
Is Finance-Growth Nexus Linear in Selected Countries of Middle East and Northern Africa?
Modification of Russia’s Trade Pattern under External Shocks in 2014 and Beyond
Economic Cooperation in the Greater Mekong Sub-Region
학술지 이력
연월일 | 이력구분 | 이력상세 | 등재구분 |
---|---|---|---|
2023 | 평가예정 | 해외DB학술지평가 신청대상 (해외등재 학술지 평가) | |
2020-01-01 | 평가 | 등재학술지 유지 (해외등재 학술지 평가) | |
2011-06-07 | 학회명변경 | 한글명 : 국제경제연구소 -> 경제통합연구소영문명 : Center for International Economics -> Journal of Economic Integration | |
2010-01-01 | 평가 | 등재학술지 유지 (등재유지) | |
2008-01-01 | 평가 | 등재학술지 유지 (등재유지) | |
2006-01-01 | 평가 | 등재 1차 FAIL (등재유지) | |
2004-01-01 | 평가 | 등재학술지 유지 (등재유지) | |
2001-07-01 | 평가 | 등재학술지 선정 (등재후보2차) | |
1999-01-01 | 평가 | 등재후보학술지 선정 (신규평가) |
학술지 인용정보
기준연도 | WOS-KCI 통합IF(2년) | KCIF(2년) | KCIF(3년) |
---|---|---|---|
2016 | 0.11 | 0.11 | 0.13 |
KCIF(4년) | KCIF(5년) | 중심성지수(3년) | 즉시성지수 |
0.13 | 0.11 | 0.279 | 0.03 |