Is the Uncertainty Economic Policy an Impediment or an Impetus to Technological Innovation?

被引：6
|
作者：
Su, Chi Wei [1 ,2 ]
Liu, Xiaofeng [1 ]
Qin, Meng [2 ,3 ,4 ]
Umar, Muhammad [2 ]
机构：
[1] Qingdao Univ, Sch Econ, Qingdao, Peoples R China
[2] Lebanese Amer Univ, Adnan Kassar Sch Business, Beirut, Lebanon
[3] Qingdao Univ, Sch Marxism, Qingdao, Peoples R China
[4] Qingdao Univ, Sch Marxism, 308 Ningxia Rd, Qingdao 266071, Shandong, Peoples R China
来源：
EMERGING MARKETS FINANCE AND TRADE | 2024年 / 60卷 / 11期
关键词：
Causal relationship; time-varying; uncertainty economic policy; technological innovation; C51; O32; G10; UNIT-ROOT TEST; PARAMETER INSTABILITY; TESTS; CONSTRAINTS; BREAKS; LEVEL;
D O I：
10.1080/1540496X.2024.2324201
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Under the background of increasing economic policy uncertainty (EPU), this paper explores the time-varying impact of EPU on technical innovation (TI) by using the Granger causality test of the bootstrap rolling-window of full and sub-sample. We find the positive impact from EPU to TI indicates that a low EPU will stimulate TI. On the contrary, the positive effect of TI on EPU shows that the rapid development of technology has led to frequent changes in relevant policies, which will cause the rise of EPU.
引用
收藏
页码：2579 / 2593
页数：15
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