Measuring economic policy uncertainty in China

被引：353
|
作者：
Huang, Yun [1 ]
Luk, Paul [1 ]
机构：
[1] Hong Kong Baptist Univ, Dept Econ, Kowloon Tong, Wing Lung Bank Bldg Business Studies, Hong Kong, Peoples R China
来源：
CHINA ECONOMIC REVIEW | 2020年 / 59卷
关键词：
Economic policy uncertainty; Chinese economy; Media bias; MEDIA BIAS;
D O I：
10.1016/j.chieco.2019.101367
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We construct a new monthly index of Economic Policy Uncertainty for China in 2000-2018 based on Chinese newspapers. Different from the existing index, ours uses information from multiple local newspapers, and foreshadows declines in equity price, employment and output. Media censorship does not seem to have qualitative impact to our index. Moreover, we develop a daily uncertainty index and several policy-specific uncertainty indices for public use.
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页数：18
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