The impact of economic policy uncertainty on household development resilience: Evidence from China

Key Points

• Household resilience decreases with rising economic policy uncertainty, confirming a detrimental impact.
• A notable finding is that a 10% increase in uncertainty correlates with a 5% reduction in household development.
• Observational analysis of data across various regions in China highlights socio-economic vulnerabilities.
• These insights suggest a need for stabilization policies in turbulent times to support household resilience.