Replication data for: Trade and Investment under Policy Uncertainty: Theory and Firm Evidence
Principal Investigator(s): View help for Principal Investigator(s) Kyle Handley; Nuno Limão
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| 20140068_replication | 10/13/2019 03:24:AM | ||
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text/plain | 14.6 KB | 10/12/2019 11:24:PM |
Project Citation:
Handley, Kyle, and Limão, Nuno. Replication data for: Trade and Investment under Policy Uncertainty: Theory and Firm Evidence. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114605V1
Project Description
Summary:
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In a dynamic model with sunk export costs, a firm's export investment is lower under trade policy uncertainty, and credible preferential trade agreements (PTAs) increase trade even if current tariffs are low. Exploring Portugal's accession to the European Community as a policy uncertainty shock we find that the trade reform accounted for a large fraction of Portuguese exporting firms' entry and sales; the accession removed uncertainty about future EC trade policies; and this uncertainty channel accounted for a large fraction of the predicted growth. Our approach can be applied to other PTAs and sources of policy uncertainty. (JEL D22, F12, F14, F15, G31, L11)
Scope of Project
JEL Classification:
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D22 Firm Behavior: Empirical Analysis
F12 Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
F14 Empirical Studies of Trade
F15 Economic Integration
G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
D22 Firm Behavior: Empirical Analysis
F12 Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
F14 Empirical Studies of Trade
F15 Economic Integration
G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
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