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The Effect of Economic Policy Uncertainty on Swedish Exports during the 2008 Financial Crisis

Wigert, Andrea LU (2023) EOSK12 20231
Department of Economic History
Abstract
The thesis aims to answer the research question: To what extent was the increased Economic Policy Uncertainty during the Financial Crisis associated with the decline in Swedish exports from January 2007 to January 2010? During the 2008 Financial Crisis, Swedish trade fell by ten percentage points, slightly more than the world average. The thesis aims to investigate whether the increased EPU at the time affected the decreased exports. The thesis concludes that EPU does not seem to have had a statistically significant effect on exports during the crisis when controlling for the control variables inflation, GDP, and exchange rate. The lack of a relationship between the two variables could be because of Sweden’s stable economy and... (More)
The thesis aims to answer the research question: To what extent was the increased Economic Policy Uncertainty during the Financial Crisis associated with the decline in Swedish exports from January 2007 to January 2010? During the 2008 Financial Crisis, Swedish trade fell by ten percentage points, slightly more than the world average. The thesis aims to investigate whether the increased EPU at the time affected the decreased exports. The thesis concludes that EPU does not seem to have had a statistically significant effect on exports during the crisis when controlling for the control variables inflation, GDP, and exchange rate. The lack of a relationship between the two variables could be because of Sweden’s stable economy and institutions, its diversified economy and trade, its membership in the EU, and its lack of bank collapse during the crisis. However, the control variables, inflation and exchange rate, have a statistically significant relationship with the decreased exports during the Financial Crisis. (Less)
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author
Wigert, Andrea LU
supervisor
organization
course
EOSK12 20231
year
type
M2 - Bachelor Degree
subject
keywords
Financial Crisis, Economic Policy Uncertainty, Sweden, Germany, the UK, the Netherlands, Exports
language
English
id
9125217
date added to LUP
2023-08-30 08:03:14
date last changed
2023-08-30 08:03:14
@misc{9125217,
  abstract     = {{The thesis aims to answer the research question: To what extent was the increased Economic Policy Uncertainty during the Financial Crisis associated with the decline in Swedish exports from January 2007 to January 2010? During the 2008 Financial Crisis, Swedish trade fell by ten percentage points, slightly more than the world average. The thesis aims to investigate whether the increased EPU at the time affected the decreased exports. The thesis concludes that EPU does not seem to have had a statistically significant effect on exports during the crisis when controlling for the control variables inflation, GDP, and exchange rate. The lack of a relationship between the two variables could be because of Sweden’s stable economy and institutions, its diversified economy and trade, its membership in the EU, and its lack of bank collapse during the crisis. However, the control variables, inflation and exchange rate, have a statistically significant relationship with the decreased exports during the Financial Crisis.}},
  author       = {{Wigert, Andrea}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Effect of Economic Policy Uncertainty on Swedish Exports during the 2008 Financial Crisis}},
  year         = {{2023}},
}