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Trade Policy Uncertainty

Author

Listed:
  • Kyle Handley

    (School of Global Policy & Strategy, University of California, San Diego, La Jolla, California, USA)

  • Nuno Limão

    (Economics Department, University of Maryland, College Park, Maryland, USA)

Abstract

Trade policy uncertainty (TPU) has become an important source of economic uncertainty and research. We review the main sources and measures of TPU. We then provide a conceptual framework for modeling TPU and methods for estimating and quantifying its effects. We analyze its role in trade agreements and discuss open questions for future research.

Suggested Citation

  • Kyle Handley & Nuno Limão, 2022. "Trade Policy Uncertainty," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 363-395, August.
    • Handle: RePEc:anr:reveco:v:14:y:2022:p:363-395
    DOI: 10.1146/annurev-economics-021622-020416
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    Citations

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    Cited by:

    1. Anna Matzner & Birgit Meyer & Harald Oberhofer, 2023. "Trade in times of uncertainty," The World Economy, Wiley Blackwell, vol. 46(9), pages 2564-2597, September.
    2. Jakubik, Adam & Ruta, Michele, 2023. "Trading with friends in uncertain times," Journal of Policy Modeling, Elsevier, vol. 45(4), pages 768-780.
    3. Céline Poilly & Fabien Tripier, 2023. "Regional Trade Policy Uncertainty," Working Papers hal-04239322, HAL.
    4. Anderson, Kym, 2022. "Trade-related food policies in a more volatile climate and trade environment," Food Policy, Elsevier, vol. 109(C).
    5. Sèna Kimm Gnangnon, 2023. "Effect of Aid-for-Trade Flows on Investment-Oriented Remittance Flows," JRFM, MDPI, vol. 16(2), pages 1-36, February.
    6. Ruohan Wu & Mario J. Miranda, 2023. "Dynamic impacts of intermittent trade conflicts," The World Economy, Wiley Blackwell, vol. 46(3), pages 681-701, March.
    7. Görg, Holger & Jacobs, Anna & Meuchelböck, Saskia, 2023. "Who Is to Suffer? Quantifying the Impact of Sanctions on German Firms," IZA Discussion Papers 16146, Institute of Labor Economics (IZA).
    8. Cui, Chuantao & Li, Leona Shao-Zhi, 2023. "Trade policy uncertainty and new firm entry: Evidence from China," Journal of Development Economics, Elsevier, vol. 163(C).
    9. Görg, Holger & Jacobs, Anna & Meuchelböck, Saskia, 2023. "Who is to suffer? Quantifying the impact of sanctions on German firms," Kiel Working Papers 2248, Kiel Institute for the World Economy (IfW Kiel).
    10. Zhao, Xinwei & Mi, Xianhua & Ma, Chaoqun & Peng, Geng, 2023. "Measuring trade rule uncertainty and its impacts on the commodity market," Finance Research Letters, Elsevier, vol. 52(C).

    More about this item

    Keywords

    trade policy; uncertainty; trade agreements;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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