Past decades have seen economic uncertainty as a significant consequence of the economic crisis, regime transitions, political instability, and geopolitical events. To promote prosperity in Asian countries, policymakers must design sound economic policies to counter unexpected events. It is evident that as economic growth accelerates, countries tend to invest more in R&D, and international trade encourages R&D.

As a result, countries divert their resources to deal with the consequences, and investment suffers, whereas economic growth and trade openness help to expand R&D in the long run. Due to great economic collaboration among Asian countries the effects are transmitted to R&D, especially international trade, business confidence, and economic growth. According to the CS-ARDL findings, an increased economic policy uncertainty reduces R&D. The cointegration results of Westerlund ( Oxford Bulletin of Economics and Statistics 69:709-748, 2007) confirmed a stable, long-run relationship between R&D, economic policy uncertainty, economic growth, and trade openness. Because the selected countries possess typical dynamics, such as bilateral trade associations, technological expertise, and economic activities, the study employs the second-generation panel cointegration method from 2003 to 2018. The study aims to investigate the long-term impact of economic policy uncertainty on R&D, with a particular emphasis on Asian countries. However, economic policy uncertainty frequently distracts from economic outcomes.

Long-term economic development requires R&D, and countries develop economic policies that envision innovation development programs.

System shock 2 how to get to r&d