{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,16]],"date-time":"2026-04-16T04:47:55Z","timestamp":1776314875876,"version":"3.50.1"},"reference-count":52,"publisher":"Emerald","issue":"1","license":[{"start":{"date-parts":[[2021,5,28]],"date-time":"2021-05-28T00:00:00Z","timestamp":1622160000000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["JEAS"],"published-print":{"date-parts":[[2023,2,24]]},"abstract":"<jats:sec>\n                    <jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n                    <jats:p>The recent dynamics of trade policy, especially that is associated with the\n                        United States of America (USA) and China, has not only triggered policy\n                        adjustments in two economies, it has also implied an uncertainty spillover\n                        to other economies across the globe. Consequently, the current study\n                        attempts to examine the effect of uncertainties in the USA\u2013China\n                        trade policies on stock market indexes. In addition, the cointegration\n                        evidence between the USA\u2013China trade policy uncertainty index and of\n                        the leading Global South fragile quintet (Brazil, Indonesia, South Africa,\n                        India and Turkey) stock market indices is investigated.<\/jats:p>\n                <\/jats:sec>\n                <jats:sec>\n                    <jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n                    <jats:p>Mainly, the FMOLS and DOLS Granger causality analysis with cointegration\n                        coefficient estimators were employed for the dataset over the monthly data\n                        period of March 2003 and July 2019.<\/jats:p>\n                <\/jats:sec>\n                <jats:sec>\n                    <jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n                    <jats:p>Accordingly, the study found a long-term relationship between the\n                        USA\u2013China Trade Policy Uncertainty index and the stock exchange\n                        indexes. In addition, a causal relationship was established from the change\n                        in the USA\u2013China Trade Policy Uncertainty index to the change in the\n                        stock market indexes of almost all of the examined countries (Brazil,\n                        Indonesia, South Africa, India and Turkey). In addition, the nonlinear\n                        Autoregressive Distributed Lag approach further offers evidence of\n                        asymmetric relationship among the examined indicators.<\/jats:p>\n                <\/jats:sec>\n                <jats:sec>\n                    <jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n                    <jats:p>Moreover, this study contributed to the existing literature because it\n                        employed the indexes of BIST100, BOVESPA, BSE Sensex 30, IDX Composite and\n                        South Africa 40 in a novel approach. Thus, the study posited a useful policy\n                        guideline for associated economic uncertainties arising from the trade\n                        dispute, such as the case of the world\u2019s two largest trading giants\n                        or partners (i.e. the USA and China).<\/jats:p>\n                <\/jats:sec>","DOI":"10.1108\/jeas-05-2020-0077","type":"journal-article","created":{"date-parts":[[2021,5,28]],"date-time":"2021-05-28T01:31:52Z","timestamp":1622165512000},"page":"60-77","source":"Crossref","is-referenced-by-count":11,"title":["The USA\u2013China trade policy uncertainty and\n                    inference for the major global south indexes"],"prefix":"10.1108","volume":"39","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-9576-6786","authenticated-orcid":false,"given":"Saffet","family":"Akdag","sequence":"first","affiliation":[]},{"given":"Hakan","family":"Yildirim","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0001-5355-3707","authenticated-orcid":false,"given":"Andrew Adewale","family":"Alola","sequence":"additional","affiliation":[]}],"member":"140","published-online":{"date-parts":[[2021,5,28]]},"reference":[{"key":"key2025052608394641400_ref001","doi-asserted-by":"publisher","DOI":"10.1108\/JES-03-2017-0062","article-title":"Conditional volatility nexus\n                        between stock markets and macroeconomic variables: Empirical evidence of G-7\n                        countries","year":"2018","journal-title":"Journal of Economic\n                        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