Logs and sawnwood play an important and fundamental role in the development of China's timber industry and are also China's major imports.This study explores the impact of economic policy uncertainty(EPU)on Ch...Logs and sawnwood play an important and fundamental role in the development of China's timber industry and are also China's major imports.This study explores the impact of economic policy uncertainty(EPU)on China's log and sawnwood trade by empirically analyzing the panel data of China's major trading partner countries with these two types of forest products from 2001 to 2022.The results show that the economic policy uncertainty of trading partner countries has a significant promotion effect on China's log and sawnwood trade,while China's economic policy has a significant negative effect on China's log and sawnwood trade.In terms of products,the impact of economic policy uncertainty in trading partner countries on China's sawnwood exports is significantly positive,while the impact on log exports is negative and insignificant.The per capita income of trading partner countries has a positive and significant impact on the trade of logs and sawnwood,while China's per capita income has a negative and significant impact on the trade of logs and sawnwood.The impact of real exchange rate on trade in sawnwood and total trade in logs and sawnwood is significantly positive,while the impact on trade in logs is positive but not significant.The per capita forest area ratio has a negative and significant effect on China's log imports,sawnwood imports and total imports of both logs and sawnwood.There are differences in the extent to which economic policy uncertainty affects China's trade in logs and sawnwood with developed and developing trading partners,with the overall effect on China's trade with developed trading partners being smaller than that with developing trading partners.展开更多
文摘Logs and sawnwood play an important and fundamental role in the development of China's timber industry and are also China's major imports.This study explores the impact of economic policy uncertainty(EPU)on China's log and sawnwood trade by empirically analyzing the panel data of China's major trading partner countries with these two types of forest products from 2001 to 2022.The results show that the economic policy uncertainty of trading partner countries has a significant promotion effect on China's log and sawnwood trade,while China's economic policy has a significant negative effect on China's log and sawnwood trade.In terms of products,the impact of economic policy uncertainty in trading partner countries on China's sawnwood exports is significantly positive,while the impact on log exports is negative and insignificant.The per capita income of trading partner countries has a positive and significant impact on the trade of logs and sawnwood,while China's per capita income has a negative and significant impact on the trade of logs and sawnwood.The impact of real exchange rate on trade in sawnwood and total trade in logs and sawnwood is significantly positive,while the impact on trade in logs is positive but not significant.The per capita forest area ratio has a negative and significant effect on China's log imports,sawnwood imports and total imports of both logs and sawnwood.There are differences in the extent to which economic policy uncertainty affects China's trade in logs and sawnwood with developed and developing trading partners,with the overall effect on China's trade with developed trading partners being smaller than that with developing trading partners.
