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

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. •We propose the firm-level economic policy uncertainty (FEPU) index to measure EPU faced by individual firms.•We examine the effect of broadband internet infrastructure on FEPU.•We find that broadband internet infrastructure exerts negative impacts on FEPU.