This study investigates the impact of economic policy uncertainty (EPU) on the gross enrollment rate of higher education (HE) of 18 countries' from 1998 to 2020. Using the system generalized method of moments and fixed-effects model, our results show that the EPU has a significant positive...

When countries need to implement costly economic policy reforms, these often imply uncertainties about their effectiveness for the home country and their spillovers to other countries. We develop a model to show that under these circumstances countries implement too few or too many policy...