Does broadband internet infrastructure mitigate firm-level economic policy uncertainty? Evidence from the Broadband China Pilot Policy☆

作者：Wang, Bin; Wang, Liang^*; Gong, Bairong; Yan, Zhengwei; Hu, Pan

来源：Economics Letters, 2023, 232: 111325.

DOI：10.1016/j.econlet.2023.111325

• Firm-level economic policy uncertainty
• Broadband China Pilot Policy
• Broadband internet infrastructure
• Textual analysis

We propose the firm-level economic policy uncertainty (FEPU) index to measure the economic policy uncertainty faced by individual firms. Then, we consider the "Broadband China Pilot Policy"as a quasi-experiment and examine the effect of broadband internet infrastructure on FEPU. We find that broadband internet infrastructure exerts negative impacts on FEPU.

• 单位
  上海商学院; 上海财经大学; 中国人民大学; 中央财经大学; 苏州大学