How uncertain are economic policies? New evidence from a firm survey

Masayuki Morikawa

Economic Analysis and Policy, 2016, vol. 52, issue C, 114-122

Abstract: This study, using data from an original survey covering both public and private firms in Japan, presents evidence on uncertainties over economic policies, their effects on managerial decisions, and firms’ evaluations of the government’s numerical targets related to economic policies. The results indicate that Japanese firms perceive uncertainty over certain economic policies, such as the social security system, tax policy, fiscal expenditure, and international trade policy. Policy uncertainties have substantial effects on managerial decisions, especially on equipment investment and hiring of regular employees. Medium- to long-term numerical targets related to the government’s economic policies are perceived to be difficult to achieve.

Keywords: Uncertainty; Economic policy; Managerial decision; Numerical target (search for similar items in EconPapers)
JEL-codes: D84 E29 H29 M21 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0313592616300741
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:52:y:2016:i:c:p:114-122

DOI: 10.1016/j.eap.2016.09.003

Access Statistics for this article

Economic Analysis and Policy is currently edited by Clevo Wilson

More articles in Economic Analysis and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().