TY  - JOUR
T1  - THE EFFECT OF US-CHINA TRADE WARS ON SHANGHAI STOCK EXCHANGE COMPOSITE INDEX
TT  - ABD-ÇİN TİCARET SAVAŞLARININ ŞANGAY MENKUL KIYMETLER BORSASI KOMPOZİT ENDEKSİ ÜZERİNE ETKİSİ
AU  - Altınöz, Buket
AU  - Öztürk, Serdar
PY  - 2019
DA  - June
Y2  - 2019
DO  - 10.33707/akuiibfd.559360
JF  - Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
JO  - KOCATEPEİİBFD
PB  - Afyon Kocatepe University
WT  - DergiPark
SN  - 1302-1966
SP  - 59
EP  - 69
VL  - 21
IS  - 1
LA  - en
AB  - The aim of this paper is to investigate the effect of US import tariffson Chinese goods and China import tariffs on US goods on Shanghai StockExchange Composite Index for the period from 1991 to 2016. It is selectedChinese main macroeconomic variables as control variables. For this purpose, itis used ARDL boundary testing approach in this study. Empirical results suggestthat an increase in tariffs rate applied by US affect negatively to Shanghaistock index in the long term. In addition, broad money supply and inflationrate, which are two of the macroeconomic variables used in the analysis, has apositive impact on it. Consequently, the US-China trade war, which based on USimport tariffs on Chinese goods, damages for China stock market. With these resultswe cannot say whether the US is a winner or loser, but we can say that China isdefinitely the loser.
KW  - Tariffs
KW  - Stock Returns
KW  - ARDL
N2  - Bu çalışmanın amacı,ABD’nin Çin mallarına uyguladığı ithalat tarifeleri ile Çin’in ABD’den ithalettiği mallar üzerine uyguladığı ithalat tarifelerinin Şangay Menkul KıymetlerBorsası Kompozit Endeksi’ne etkisinin 1991-2016 dönemi için incelenmesidir.Çin’in ana makroekonomik değişkenleri kontrol değişken olarak seçilmiştir. Buamaçla, çalışmada ARDL sınır testi yaklaşımından faydalanılmıştır. Ampiriksonuçlar, ABD tarafından uygulanan tarife oranlarındaki artışın uzun vadede Şangayhisse senedi endeksini olumsuz yönde etkilediğini göstermiştir. Ayrıca analizdekullanılan makroekonomik değişkenlerin ikisi olan M2 para arzı ve enflasyonoranının borsa endeksi üzerinde pozitif yönlü bir etkisi olduğu tespitedilmiştir. Sonuç olarak, ABD’nin Çin mallarına uyguladığı ithalat tarifelerinedayanan ABD-Çin ticaret savaşının Çin borsasına zarar verdiği söylenebilir.Elde edilen sonuçlarla ABD’nin bu savaşın kazananı mı yoksa kaybedeni mi olduğusöylenememekle birlikte, Çin’in kesinlikle kaybeden taraf olduğu söylenebilir.
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UR  - https://doi.org/10.33707/akuiibfd.559360
L1  - https://dergipark.org.tr/en/download/article-file/746857
ER  -