Research on Economic Policy Uncertainty and Import Trade

Abstract

This paper uses the economic policy uncertainty and total import volume of 20 countries including the United States and China and the European Union from 2007 to 2021 and related data, and uses a fixed-effect model to study the impact of economic policy uncertainty on import trade. The results show that internal economic policy uncertainty significantly inhibits import trade, while global economic policy uncertainty has no significant impact on import trade. Maintaining good international relations with other countries and avoiding trade frictions is a Sensible way to promote import trade.