Measuring economic policy uncertainty in China

Yun Huang and Paul Luk ()

China Economic Review, 2020, vol. 59, issue C

Abstract: 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.

Keywords: Economic policy uncertainty; Chinese economy; Media bias (search for similar items in EconPapers)
JEL-codes: E66 G18 L82 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (242)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:59:y:2020:i:c:s1043951x19301282

DOI: 10.1016/j.chieco.2019.101367

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