Artikel
Whose policy uncertainty matters in the trade between Korea and the U.S.?
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 2-digit Korean exporting industries to the U.S. to policy uncertainty measures of the U.S. and Korea. We find that both measures have short-run effects on exports of almost one-third of industries in either direction. In the long run, however, while nine U.S. exporting industries (with a trade share of 9%) are negatively affected by the Korean uncertainty measure, only five industries (with 6% export share) are affected by the U.S. uncertainty measure. As for the Korean exporting industries, we find that three industries with a 31% export share are affected positively by the Korean uncertainty measure and six industries with a 7% export share are affected positively by the U.S. uncertainty measure.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 14 ; Year: 2021 ; Issue: 11 ; Pages: 1-23 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
Empirical Studies of Trade
Macroeconomic Aspects of International Trade and Finance: General
International Relations, National Security, and International Political Economy: General
- Thema
-
economic policy uncertainty
the U.S.
Korea
industry trade
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bahmani-Oskooee, Mohsen
Baek, Jungho
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2021
- DOI
-
doi:10.3390/jrfm14110520
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Bahmani-Oskooee, Mohsen
- Baek, Jungho
- MDPI
Entstanden
- 2021
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