Research on Economic Policy Uncertainty and Import Trade
Keywords:Import trade, Fixed-effect model, Economic policy uncertainty.
This paper uses the economic policy uncertainty and total import volume of 20 countries including the United States and China and the European Union from 2007 to 2021 and related data, and uses a fixed-effect model to study the impact of economic policy uncertainty on import trade. The results show that internal economic policy uncertainty significantly inhibits import trade, while global economic policy uncertainty has no significant impact on import trade. Maintaining good international relations with other countries and avoiding trade frictions is a Sensible way to promote import trade.
Wei, H., Lian, H.J., Wang, C.H. (2022) The mystery of China's net import enterprises: the role of imports. Statistical Research, 39(5): 63-78.
Xi, Y.L., Tang, H.Y., Wei, X.L. (2019) The impact of economic policy uncertainty and fluctuation on the technological complexity of China's exports: an empirical study based on CEPLL-BACI database. Macroeconomic Research, 5: 20-32.
Qi, X.X., Xie, T.Y. (2022) The impact of economic policy uncertainty on the trade volume of different products. China Foreign Investment, 6: 49-51.
Wang, X.S., Zhou, Y.D. (2022) Economic policy uncertainty, enterprise productivity and high-quality development of trade. Journal of Chinese Minmin University, 36(2): 8-23.
Pan, J.D., Han, S.C. (2018) An empirical analysis of the impact of economic policy uncertainty on China's export trade. Zhejiang Academic Journal, 6: 0-13.
Liu, Q., Tao, S.G. (2022) External economic policy uncertainty and RMB exchange rate stability. Financial Forum, 27(3): 63-72.
Li, C., Yu, H.D. (2021) The effect and mechanism of economic policy uncertainty on household consumption: based on China Household Survey (CFPS) data. Journal of Guangdong University of Finance and Economics, 36(6): 31-50.
Cai, H.Y., Xu, Y.Z. (2017) Does trade opening affect China's industrial structure upgrading?. Journal of Quantitative & Technical Economics, 34(10): 3-22.
Que, C.Y., Cheng, L.Y. (2018) Do exchange rate fluctuations have a non-linear effect on currency internationalization? ——Based on the perspective of financial market development. Journal of International Finance, 3: 14-24.
How to Cite
This work is licensed under a Creative Commons Attribution 4.0 International License.