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Stock Market Reactions to U.S. - China Trade War News and Trump’s Tweets
No full textThis research explores the impact of the U.S. - China trade war, which began in January 2018, on the stock market of both countries. Considering President Trump’s tweets as a source of trade-related information for U.S. investors, this paper investigates how the daily returns and volatilities of major stock indices change with the appearance of official news events as well as the U.S. president’s tweets. To account for the potential diverse effects of tariffs on different sectors, such as benefiting some industries while harming others, this study also examines the sector-specific indices. The empirical results suggest different reactions of the U.S. and China stock markets: for the presence of negative events related to tariffs and trade disputes, the U.S. stock indices’ returns decrease, but the Chinese stock indices do not change significantly. Nevertheless, for positive events related to trade deals or negotiations, both countries’ stock markets have increasing daily returns. For sector-specific indices, the results show that no sector manages to benefit from the trade war as a whole. Overall, the study demonstrates the undesirable negative impact of the trade war on the stock markets, suggesting that the two countries should strive to reach the trade deal soon to mitigate the influence
A Ray of Moonlight Falls: Casting Light on Oscar Wilde\u27s Dissident Decadence
Get PDFThis thesis follows the work of Oscar Wilde, tracking his poetic prose in conjunction with his dissidence against societal expectations in the late Victorian era. Works analyzed include The Picture of Dorian Gray, Salome, The Happy Prince, De Profundis, and others
The Relationship between Energy Consumption (Renewable and Non-renewable) and Economic Growth in Northeast Asia
Get PDFThe worldwide environmental crisis such as climate change and global warming motivates countries to use renewable energy. Additionally, the crisis provokes the importance of energy and the appearance of ecological economic theory. The Northeast Asia region has effectively embraced renewable energy production to enhance energy independence and energy security. Countries in the region require to maintain their production level to successfully complete the transition of energy use from the non-renewables to renewables. However, renewable energy’s impact on economic output in the Northeast Asia region is dubious. Moreover, only a small number of research on the availability of ecological economics in Northeast Asia has been done. The purpose of this paper is to estimate the impact of renewable and non-renewable energy consumption to economic output by employing panel data techniques. Moreover, the paper also examines the impact of total energy consumption on GDP to verify the importance of energy and the application of ecological economics. The result demonstrates that non-renewable energy influences GDP significantly more than the renewables. In this research, we have discovered that the impact of total energy consumption is similar to that of capital and labor. The policy implications of these results propose a balance of non-renewable energy consumption and renewable energy in Northeast Asia for the smooth transition of energy usage from the non- renewables to renewables due to the considerable influence of non-renewable energy consumption on GDP
Origin of Doubts: The Victorian Quest for Proof and Radical Manifestations of Spirit
Get PDFVictorians critics have deemed the nineteenth century in England “a crisis of faith.” In the face of dissatisfaction with the Church of England, people rejected organized religion and turned to alternative spirituality like Natural Supernaturalism and Corporeal Spiritualism. The motivation for this paper began with the questions: why were people leaving the church and what were they finding in these other spiritual practices? I argue that the question of belief, for Victorians, became a question of proof. Darwin’s 1859 publication On the Origin of Species presented a theory about the world through a scientific argument containing a hypothesis, evidence, and conclusion. The Church of England’s lack of empirical evidence paled in comparison to Darwin’s theory. Thus, alternative religions like Natural Supernaturalism and Corporeal Spiritualism used the natural world and the body to animate a spirit realm for visible proof of the divine.
Literature at the time added to the growing popularity of alternative religions. Olive Schreiner and Emily Brontë in their novels, The Story of an African Farm and Wuthering Heights, both highlight Natural Supernaturalism and Corporeal Spiritualism. Schreiner and Bronte’s main characters Waldo and Catherine Linton struggle with their faith and eventually accept values of spiritualism over traditional Christianity. Unconventional spirituality leads Waldo and Catherine, as well as secondary characters, to an intimate relationship with the divine. Whether speaking to the mountains or possessed by a ghost, characters in both novels are close to the sacred on an individual level. By incorporating narratives of both Natural Supernaturalism and Corporeal Spiritualism, Schreiner and Brontë reflect the ideals, curiosity, and ingenuity of the Victorian cultural imaginary
