Does policy uncertainty affect economic globalization? An empirical investigation

Jianchun Fang; Giray Gozgor; Chi Keung Marco Lau; Neelu Seetaram

doi:10.1080/00036846.2021.1998324

Does policy uncertainty affect economic globalization? An empirical investigation

Jianchun Fang, Giray Gozgor, Chi Keung Marco Lau, Neelu Seetaram

Teesside University

Research output: Contribution to journal › Article › peer-review

Abstract

This paper investigates the role of policy uncertainty on indices of economic globalization from 1996 to 2016 in the panel dataset of 142 countries. For this purpose, we use the nine measures of the Revisited KOF Economic Globalization Indices and two new measures of uncertainty: The World Uncertainty Index (WUI) and the Trade Policy Uncertainty Index (TPUI). The findings indicate that both the WUI and the TPUI are negatively associated with the overall index of economic globalization. The benchmark results remain consistent under various model specifications, econometric estimation techniques, and countries at different income levels.

Original language	English
Pages (from-to)	2510-2528
Number of pages	19
Journal	Applied Economics
Volume	54
Issue number	22
DOIs	https://doi.org/10.1080/00036846.2021.1998324
Publication status	Published - 9 Nov 2021

Bibliographical note

Funding Information:
The authors acknowledge the Grant of the National Social Science Fund of China (NSSFC) (16BJY052). The data that support the findings of this study are available from the corresponding author upon reasonable request.

Publisher Copyright:
© 2021 Informa UK Limited, trading as Taylor & Francis Group.

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10.1080/00036846.2021.1998324

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title = "Does policy uncertainty affect economic globalization? An empirical investigation",

abstract = "This paper investigates the role of policy uncertainty on indices of economic globalization from 1996 to 2016 in the panel dataset of 142 countries. For this purpose, we use the nine measures of the Revisited KOF Economic Globalization Indices and two new measures of uncertainty: The World Uncertainty Index (WUI) and the Trade Policy Uncertainty Index (TPUI). The findings indicate that both the WUI and the TPUI are negatively associated with the overall index of economic globalization. The benchmark results remain consistent under various model specifications, econometric estimation techniques, and countries at different income levels.",

author = "Jianchun Fang and Giray Gozgor and Lau, {Chi Keung Marco} and Neelu Seetaram",

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AU - Gozgor, Giray

AU - Lau, Chi Keung Marco

AU - Seetaram, Neelu

N1 - Funding Information: The authors acknowledge the Grant of the National Social Science Fund of China (NSSFC) (16BJY052). The data that support the findings of this study are available from the corresponding author upon reasonable request. Publisher Copyright: © 2021 Informa UK Limited, trading as Taylor & Francis Group.

PY - 2021/11/9

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AB - This paper investigates the role of policy uncertainty on indices of economic globalization from 1996 to 2016 in the panel dataset of 142 countries. For this purpose, we use the nine measures of the Revisited KOF Economic Globalization Indices and two new measures of uncertainty: The World Uncertainty Index (WUI) and the Trade Policy Uncertainty Index (TPUI). The findings indicate that both the WUI and the TPUI are negatively associated with the overall index of economic globalization. The benchmark results remain consistent under various model specifications, econometric estimation techniques, and countries at different income levels.

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Does policy uncertainty affect economic globalization? An empirical investigation

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