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

Author

Listed:
  • Wang, Bin
  • Wang, Liang
  • Gong, Bairong
  • Yan, Zhengwei
  • Hu, Pan

Abstract

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.

Suggested Citation

  • Wang, Bin & Wang, Liang & Gong, Bairong & Yan, Zhengwei & Hu, Pan, 2023. "Does broadband internet infrastructure mitigate firm-level economic policy uncertainty? Evidence from the Broadband China Pilot Policy," Economics Letters, Elsevier, vol. 232(C).
    • Handle: RePEc:eee:ecolet:v:232:y:2023:i:c:s0165176523003506
    DOI: 10.1016/j.econlet.2023.111325
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    More about this item

    Keywords

    Firm-level economic policy uncertainty; Broadband China Pilot Policy; Broadband internet infrastructure; Textual analysis;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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