Policy Uncertainty, Trade, and Welfare: Theory and Evidence for China and the United States

We examine the impact of policy uncertainty on trade, prices, and real income through firm entry investments in general equilibrium. We estimate and quantify the impact of trade policy on China’s export boom to the United States following its 2001 WTO accession. We find the accession reduced the US...

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Bibliographic Details
Published in:The American economic review 2017-09, Vol.107 (9), p.2731-2783
Main Authors: Handley, Kyle, Limão, Nuno
Format: Article
Language:English
Subjects:
Accession
Consumers
Economic activity
Exports
Income
International trade
Prices
Pricing policies
Real income
Tariffs
Trade
Trade disputes
Trade policy
Uncertainty
Welfare
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