Munich Personal RePEc Archive

Measuring Economic Policy Uncertainty in Pakistan

Choudhary, M. Ali and Pasha, Farooq and Waheed, Mohsin (2020): Measuring Economic Policy Uncertainty in Pakistan.

[thumbnail of MPRA_paper_100013.pdf]

Download (244kB) | Preview


We develop an economic policy uncertainty (EPU) index for Pakistan in accordance with Baker, Bloom and Davis (2016) by extracting newspaper articles from Websites (i.e., Web-scraping) and we divided this into two indices. The main index, is based on four leading English-language Pakistan newspapers for the period of January 2015 to April 2020. To cover more historical ground, we also present a second index which uses two of the four newspapers and for which Web harvesting is plausible for a longer period of August 2010 to April 2020. The two indices are highly correlated thus they move in tandem and between them they capture events such as: the great floods of 2010; high terrorism activity; heightened exchange rate volatility; political turmoil; reshuffling of economic managers; the IMF program of 2019, and most recently the COVID-19 pandemic.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.