uncertainty can delay investment and reduce the response to policy change. I provide theoretical and novel quantitative evidence … for these effects by focusing on trade policy, a ubiquitous but often overlooked source of uncertainty, when a firm's cost … of export market entry is sunk. While an explicit purpose of the World Trade Organization (WTO) is to secure long term …

Based on the export VAT rebate rate data from 2004 to 2015, this paper measures the uncertainty of Chinese export VAT …, years and industries. Then, the paper studies the influence of the uncertainty of export VAT rebate policy on China's export … applies the export VAT rebate method, but it has no impact on the processing export. By decomposing total value of exports, it …