The economic effects of 2018 U.S. Steel Tariffs: An Application of Event Study Methodology

Graduate Project

Public Deposited

Citeable URL: https://ir.library.oregonstate.edu/concern/graduate_projects/kd17d026p

Descriptions

Attribute Name	Values
Creator	Abbas, Qammar
Abstract	In this essay I investigate the effect of United States March 2018 steel tariffs on producers’ capital. I use intertemporal event study methodology to appraise the effect of announcement of the tariffs on March 01, 2018 on the stock returns of major US steel companies listed at New York Stock Exchange. I use data from Yahoo finance and include 17 US based companies in the analysis. The results show that major steel manufacturers saw a positive shift in their returns due to the event. Steel consumer companies included in the study showed significantly negative returns on the event day. I include 5 US Tech firms in the control group. The event did not affect their returns. Our evidence shows that the efficient market hypothesis holds in this case. Further, as posited by the economic theory, the tariffs reduced overall efficiency in the market.
License	All rights reserved
Resource Type	Capstone Project
Date Issued	2019-06-10
Degree Level	Master's
Degree Name	Master of Public Policy (M.P.P.)
Degree Field	Public Policy
Degree Grantor	Oregon State University
Commencement Year	2019
Advisor	Tremblay, Victor J.
Committee Member	Schroeder, Elizabeth Tremblay, Carol
Academic Affiliation	Public Policy
Déclaration de droits	In Copyright
Publisher	Oregon State University
Peer Reviewed	No
Language	English [eng]

Parents:

This work has no parents.

Dans Collection:

La vignette	Titre	Date de téléchargement	Visibilité	actes
	Abbas__Qammar_MPP_Essay.pdf	2019-06-17	Public	Télécharger