TY - JOUR
T1 - Measuring economic policy uncertainty in China
AU - Huang, Yun
AU - Luk, Paul
N1 - Funding Information:
Yun Huang ( [email protected] ) and Paul Luk ( [email protected] ) are associated with Hong Kong Baptist University. We are grateful to Hong Kong Baptist University for generous financial support ( FRG1/17-18/055 ). We thank the editor Zheng (Michael) Song, Ting Chen, Yuk Shing Cheng, Chao He, Mingming Jiang, Benny Lui, Zhiwei Xu, Xiangrong Yu and seminar participants at Hong Kong Baptist University and Wuhan University for helpful comments and discussions. All errors are our own.
Funding Information:
Yun Huang ([email protected]) and Paul Luk ([email protected]) are associated with Hong Kong Baptist University. We are grateful to Hong Kong Baptist University for generous financial support (FRG1/17-18/055). We thank the editor Zheng (Michael) Song, Ting Chen, Yuk Shing Cheng, Chao He, Mingming Jiang, Benny Lui, Zhiwei Xu, Xiangrong Yu and seminar participants at Hong Kong Baptist University and Wuhan University for helpful comments and discussions. All errors are our own.
PY - 2020/2
Y1 - 2020/2
N2 - 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.
AB - 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.
KW - Chinese economy
KW - Economic policy uncertainty
KW - Media bias
UR - http://www.scopus.com/inward/record.url?scp=85074435582&partnerID=8YFLogxK
U2 - 10.1016/j.chieco.2019.101367
DO - 10.1016/j.chieco.2019.101367
M3 - Journal article
AN - SCOPUS:85074435582
SN - 1043-951X
VL - 59
JO - China Economic Review
JF - China Economic Review
M1 - 101367
ER -
