This paper attempts to quantify the impact of economic policy uncertainty on overall trade and trade linked to global value chains. Using new data on policy uncertainty for 18 countries and 24 years, it finds a statistically significant negative impact of policy uncertainty on overall trade...

"This book is the first volume of a projected series of six handbooks on various aspects involved in contemporary encounters with China and her people. The book argues for a hands-on approach of dialogue with China, which seems to be crucial for business success in China. Bearing in mind the...

Since the introduction of the news-based policy uncertainty measure, a few studies have looked at its impact on trade flows by using panel models and aggregate trade data. In this paper we consider the short-run and long-run response of 61 2-digit U.S. exporting industries to Korea and 49...