Objective Country Economic Policy Uncertainty, Institutional Environment And Manufacturing Export
DOI:
https://doi.org/10.26821/IJSRC.10.11.2022.101101Keywords:
economic policy uncertainty, export trade effect, manufacturing, institutional environment regulation effectAbstract
With the deepening of globalization and the evolution of international competition pattern, countries are forced to adjust their economic policies to improve their adaptability. The fluctuating economic policies have a profound impact on China's export trade. Based on the expansion of Johnson's (2012) theoretical framework, this paper explores the influence of institutional environment on export trade effects of economic policy uncertainty in destination countries, and conducts empirical research on China's practice by using manufacturing export data from 2007 to 2019. The results show that the economic policy uncertainty of destination country is not conducive to export trade (negative export trade effect), while the institutional environment optimization of exporting country can inhibit this effect (institutional adjustment effect). At the same time, there are differences between the two kinds of effects of different technology types of manufacturing industry.
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