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Feedback loop between economic policy uncertainty and research impact: implications for knowledge creation and management
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DOI：10.1080/14778238.2026.2648163.png)
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Abstract
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This study investigates the feedback loop between Economic Policy Uncertainty (EPU) and academic knowledge production, assessing whether scholarly inquiry reflects or actively mitigates policy volatility. Using 35,000 Scopus-indexed publications (1985-2023) through bibliometric analysis and time-frequency methods, we find that elevated EPU stimulates research activity, while high-impact scholarly outputs contribute to stabilizing volatile environments by reducing informational frictions. This relationship intensifies during systemic shocks, including the 2008 financial crisis and COVID-19. Findings show a significant cross-national divergence: advanced economies demonstrate proactive, sustained research responses, whereas emerging economies appear reactive and fragmented. Theoretically, this research extends endogenous growth and research-utilization frameworks to uncertainty-driven knowledge creation. Practically, it demonstrates the necessity of resilient funding, institutional capacity, and international collaboration. We conclude that academic research into policy uncertainty functions as an endogenous stabilizing mechanism within volatile global systems, rather than a secondary effect of economic turbulence.
Keywords:
Economic policy uncertainty
research impact
time-frequency dynamics
knowledge creation
knowledge management
policy-research nexus
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