We develop a pair of industry-specific partial equilibrium models of trade policy thatestimate how changes in tariff rates affect FDI. The models focus on two differenttypes of FDI. Tariff-jumping FDI is likely to expand with a large increase in the tariff ratein export markets, while export...

We estimate the impact of increased policy uncertainty from Brexit on UK trade in services. We apply an uncertainty-augmented gravity equation to UK services trade with the European Union at the industry level from 2016Q1 to 2018Q4. By exploiting the variation in the probability of Brexit from...

We estimate the impact of increased policy uncertainty from Brexit on UK trade in services. We apply an uncertainty-augmented gravity equation to UK services trade with the European Union at the industry level from 2016Q1 to 2018Q4. By exploiting the variation in the probability of Brexit from...