Impact of trade policy uncertainty on export products quality: new evidence by considering role of social capital

Impact of trade policy uncertainty on export products quality: new evidence by considering role of social capital
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贸易政策不确定性对出口产品质量的影响:考虑社会资本作用的新证据

DOI:
10.1080/15140326.2022.2087341
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发表时间:
2022-07
影响因子:
1.8
通讯作者:
Shihua Zhang
Shihua Zhang
中科院分区:
经济学4区
文献类型:
--
作者:
Hongguang Sui;Xijie Li;Ali Raza;Shihua Zhang

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贸易政策不确定性的增加引起了政策制定者的关切,因为这可能对全球投资和增长有害。本研究考察了减少贸易政策不确定性对出口产品质量的影响。以中国-东盟自由贸易区(ACFTA)为例,采用差分法、双向固定法和三重差分法进行基准检验。结果表明,减少贸易政策的不确定性提高了出口产品的质量。社会资本加强了不断变化的贸易环境的作用。在PSM-DID、安慰剂检验和删除离群值后,结果具有稳健性。此外,社会资本的作用被纳入回归模型。从非正式内部制度的视角,拓展了区域贸易一体化研究的理论视野,回答了当前贸易战略调整和出口转型政策关注的问题。
An increase in trade policy uncertainty raises policymakers’ concerns, as it can be harmful to investments and growth globally. This study examines the impact of reducing trade policy uncertainty on export product quality. Based on the ASEAN–China Free Trade Area (ACFTA), the difference-in-difference, two-way fixed, and triple difference methods were used to conduct benchmark tests. The results show that reducing trade policy uncertainty improves export product qual-ity. Social capital has strengthened the role of the changing trade environments. The results were robust after the PSM-DID, placebo test, and deletion of outliers. Furthermore, the role of social capital is incorporated into the regression model. From the perspective of informal internal systems, this study expands the theoretical view of regional trade integration research and answers the current trade strategy adjustment and export transformation policy concerns..
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