Abstract
The new economic policies initiated by the 45th US president Donald Trump, and their impact on the economies of the “the Greater China Region” (Hong Kong, Taiwan and Mainland China) are examined in this chapter. The impact is assessed at both the stock exchange and other non-financial markets levels. For the stock markets, the chosen research period runs from January 2014 to June 2017, and the Economic Policy Uncertainty Index in the United States is used as a proxy to measure political uncertainty in the main world economy. The results show that the stock markets in the “Greater China Region” did not react to the uncertainty generated by the US election in November 2016, but an examination of the move towards assertive trade US protectionist policies suggest a more detrimental impact on the GCR.
Original language | English |
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Title of host publication | Asian Nations and Multinationals |
Subtitle of host publication | Overcoming the Limits to Growth |
Publisher | Springer International Publishing |
Pages | 139-157 |
Number of pages | 19 |
ISBN (Electronic) | 9783030009137 |
ISBN (Print) | 9783030009120 |
DOIs | |
Publication status | Published - 1 Jan 2018 |
Keywords
- Economic policy uncertainty
- Greater China Region
- Protectionism
- Stock markets
- US administration