Analysis of the Impact of U.S. Trade Policy Uncertainty on China Based on Bayesian VAR Model

Table 1

Description of the variables.

Variable	Measure
Output	The gross domestic product calculated by expenditure approach
Consumption	Household consumption calculated by expenditure approach
Investment	Fixed asset investment
Net exports	The ratio of trade balance to GDP
Trade policy uncertainty	The U.S. trade policy uncertainty index constructed by Baker et al.