Research on the Impact of Economic Policy Uncertainty on China's ICT Service Export

Abstract

In recent years, economic policy uncertainty has been a hot topic in the world, and the development level of service trade is one of the symbols to measure a country's economic strength. Nowadays, the world economy is transforming to the globalization of digital economy, in which information and communication technology (ICT) plays an important role in the process of digital development. Taking service trade as the starting point, using the economic policy uncertainty index and taking the data of China's ICT service exports from 2001 to 2019 as a sample, this paper studies the impact of economic policy uncertainty on China's ICT service exports. The study found that China's economic policy uncertainty is conducive to the export of ICT services, while the global economic policy uncertainty has a restraining effect on it. Based on this, this paper puts forward policy suggestions on China's ICT service trade from the perspective of strengthening multilateral cooperation and increasing policy support of exporting countries.