Politická ekonomie - Forthcoming articles
Democracies Prioritize Sustainability as Energy Use Declines
Aribah Aslam, Ghulam Ghouse, Ishaq Bhatti
Politická ekonomie X:X | DOI: 10.18267/j.polek.1489 
We develop a theoretical framework to characterize the relationship between democracy and energy use on a global scale. We utilize generalized method of Moments (GMM) model to control endogeneity on balanced, global panel dataset encompassing 61 countries across six geographic regions. Contradictory to conventional understanding that democracies may have positive association with energy use, our findings reveal that democracy has a significant negative association with energy use. We put here that democracies prioritize Sustainability as energy use declines, globally. These novel results are justified because often democracies can foster a culture...
Towards External Debt Reduction through Inflation Targeting: An Empirical Evaluation of Middle-Income Countries
Abdelhamid Moustabchir, Hicham El Ouazzani, Hicham Ouakil, Augustin Foster Chabossou
Politická ekonomie X:X
This study analyzes the impact of inflation targeting on the external debt of middle-income countries using the propensity score matching method (PSM). The results indicate that the adoption of inflation targeting is associated with a notable decrease in external debt, with an average reduction estimated at approximately 15.16 percentage points. This reduction reflects the enhanced credibility of monetary policy, which lowers the risk of default on public debt. These findings suggest that inflation targeting can be a useful tool for managing external debt and alleviating pressures on public finances, but its effectiveness depends on its integration...
Impact of Circular Economy on Waste Elimination Within the Framework of Sustainable Supply Chain
Maryam Khokhar, Yongrui Duan, Munaza Bibi, Anshuman Sharma, Fahad Alam
Politická ekonomie X:X | DOI: 10.18267/j.polek.1491
In a system of production and consumption sustainable supply chain management plays a crucial role in overseeing and curbing excessive waste. This research introduces two interconnected supply chain dedicated to waste elimination within the production and consumption processes. The study integrates the tenets of the circular economy (CE) explicitly emphasizing the 3R concepts, which are Reduce, Restore, and Recycle. Within this framework, the initial product in the primary chain follows degradation and transforms raw material for the production system of the secondary chain (secondary production facilities). While transporting used products to recycling...
Cultural Patterns and the Structure of Tax Revenue and Public Expenditures: An International Perspective
Magda Wi¶niewska-Ku¼ma
Politická ekonomie X:X | DOI: 10.18267/j.polek.1493
The purpose of this article was to identify the relationship between cultural patterns and the level and structure of tax revenues and public expenditures. The study was conducted in two stages. In the first stage, the cultural pattern was identified based on Hofstede’s classification using Ward’s clustering method on a sample of 29 EU and EFTA countries. This resulted in the formation of five groups of countries sharing similar levels of Hofstede’s cultural dimensions. These groups were then compared using variables describing the level and structure of tax revenues and public expenditures. The results confirmed that groups formed...
Efficiency of Public Spending in Achieving Indicators of Human Security Dimensions: A Comparative Study Using Data Envelopment Analysis
Mohammed Benlebbad, Radja Bouzidi, Mustapha Mostefaoui
Politická ekonomie X:X | DOI: 10.18267/j.polek.1494
The current global landscape is experiencing numerous geopolitical shifts and security threats that directly impact human security and economic stability. This research originates from this observation and aims to explore: The interconnectedness between development and individual security, the significance of public spending and its role in strengthening human security dimensions and the efficiency of public spending in improving human security indicators. The study utilizes data envelopment analysis (DEA) to measure spending efficiency in 44 countries regarding human security indicators. The analysis, assuming variable returns to scale, reveals that...
Financial Development in Uncertain Economies: A Pathway to Sustainability
Xin Ling, Muhammad Atif Khan, Hammad Qadeer
Politická ekonomie X:X | DOI: 10.18267/j.polek.1495
This study is the first to explore the effect of Economic Policy Uncertainty (EPU) on multidimensional financial development. Using data from 22 countries over 20 years (2002-2021) and employing fixed effects regression and two-step dynamic system GMM estimators, the results reveal a significant negative impact of EPU on financial development. This adverse effect spans both key dimensions: financial institutions and financial markets development. The analysis further highlights how EPU hampers key dimensions of financial institutions and markets' performance - depth, access, and efficiency. Importantly, the study highlights the positive moderating...
The Future of the Digital Economy: How Research and Development Can Address the Digital Divide Amid Resource Constraints
Tomiwa Sunday Adebayo
Politická ekonomie X:X | DOI: 10.18267/j.polek.1496
The digital economy is unquestionably a globally recognized priority among nations, yet comprehensive scholarly discussions on the specific determinants driving its growth remain relatively limited. To fill this gap, this study pioneers an investigation into how research and development, natural resources, and economic policy uncertainty influence the digital economy in the United States, using data from 1996Q1 to 2020Q4. Given the nonlinear and non-normal distribution of the data, the study employed a series of quantile-based approaches, particularly the wavelet quantile-on-quantile regression (WQQR). The results from the WQQR reveal that research...
Investigating the Impact of Oil Rents, Foreign Direct Investment, and Exports on Productive Capacity: Concentrating on Spatial Analysis for the Gulf Cooperation Council Countries
Orhan Cengiz, Fatma İdil Baktemur
Politická ekonomie X:X | DOI: 10.18267/j.polek.1498
Oil rents (OR) have a significant role for oil-abundant countries; therefore, most oil-abundant countries depend on oil sectors. However, if gains from OR are not invested in the productive sectors, it may adversely affect long-term sustainable growth. As discussed in the relevant literature in the scope of the resource curse hypothesis (RCH) or Dutch disease, depending on natural resources (NR) may crowd out productive investment, resulting in decelerating economic growth (EG). However, crucial policies emerge that suggest that OR contributes to or dampens productivity in oil-rich countries. As it is observed that not many studies consider the role...
Institutional Determinants of Regional Poverty in Turkey: Evidence from Advanced Causality Analysis
Yildirim Beyazit Çiçen
Politická ekonomie X:X | DOI: 10.18267/j.polek.1499
Poverty continues to be one of the major issues in Turkey, as in many other countries, with a large portion of the population – especially in rural areas – living below the poverty line. Those living in poverty have limited access to key public services such as education, healthcare, and housing, which consequently exacerbates social and economic inequalities within society. The gap between wealthy and impoverished groups within society is continually expanding, primarily due to institutional factors that perpetuate this inequality. Drawing on data from 2009 to 2019, this study offers an empirical analysis of the role institutions play...
Towards economic growth and a sustainable future: Insights beyond the Environmental Kuznets Curve
Inzamam Ul Haq, Chunhui Huo, Paulo Ferreira
Politická ekonomie X:X | DOI: 10.18267/j.polek.1501
This study explores the dynamic nexus between economic growth and sustainable development for 92 countries across high-, upper-middle-, lower-middle- and low-income groups. We validate the Environmental Kuznets Curve (EKC) hypothesis from a novel perspective. We employed a novel technique of Narayan et al. (Economic Modelling, 2016, 53, 388-397) through simple cross-correlation estimates and a panel causality technique. The analysis covers data from 1990 to 2022 using annual data. Our findings show that the EKC hypothesis is supported for five out of 92 (5%) countries and that income growth will increase sustainable development for 50 (54%)...
Military Expenditures and Economic Growth: Evidence from Turkey
Ahmet Kadiroğlu
Politická ekonomie X:X | DOI: 10.18267/j.polek.1502
A recent focus on the socioeconomic impacts of military expenditures has led to a resurgence of interest in research and development activities in this domain. A comprehensive review of extant academic studies reveals a conspicuous absence of research examining the augmented Solow growth model, encompassing capital formation, labor force, military expenditures, and economic growth for Turkey. Consequently, this study aims to investigate the impact of capital formation, labor force, and military expenditures on economic growth in Turkey from 1991 to 2022. To this end, the study employs the residual augmented least square (RALS) approach. The coefficients...
Exploring the Impact of Democratic Consolidation and Women's Political Participation in Alleviating Energy Poverty
Emmanuel Oluwatosin Adewusi, Babatunde Olamide Oladosu, Tunde Sodiq Taiwo, Steve Udoka Okwechime
Politická ekonomie X:X | DOI: 10.18267/j.polek.1504
Tackling energy poverty contributes to attaining Sustainable Development Goal 7, which seeks to provide universal access to cheap, dependable, eco-friendly energy by 2030. This current investigation examined drivers of energy poverty in South Africa using data from Q1 1997 to Q4 2021 to explore the association. The study employed nonlinear ARDL (NARDL), revealing that democracy and financial development exhibit significant long-run positive effects on energy poverty, while the short-run impacts demonstrate mixed asymmetries, with democracy showing a weaker negative effect. Economic growth and women’s political representation reduce energy poverty...
Impact of geopolitical risk and economic globalization on Turkey's environmental sustainability using the novel quantile-on-quantile KRLS method
Ashar Awan, Atif Jahanger, Mohammad Emran Hossain, Muhammad Saeed Meo, Nora Yusma bte Mohamed Yusoff
Politická ekonomie X:X | DOI: 10.18267/j.polek.1505
This study investigates the impact of economic globalization, geopolitical risk, and natural resources on carbon emissions (CO2) in Turkey, while controlling for economic development and renewable energy. The study used annual data from 1970 to 2019 using a quantile-on-quantile-based regularized least squares (QQKRLS) approach. The findings of the study confirm a weak positive association between economic globalization and CO2 emissions at low and high quantiles, while this association becomes strong at 0.40 to 0.65 quantiles of both variables. The study also confirms an overall positive association between geopolitical risk and...
Fintech Borrowing and Business Changes During the Pandemic
Kunhyui Kim, Peter J. Morgan, Martina Marsili
Politická ekonomie X:X | DOI: 10.18267/j.polek.1506
Micro, small and medium-sized enterprises in ASEAN play a significant role in ASEAN GDP, but their access to financial services or Fintech has been relatively low. In this context, the emergence of companies offering Fintech services, or technology-enabled financial services, has been welcomed to access financial services that would otherwise be difficult to obtain from formal financial institutions during the pandemic. Our research focusses on five Association of Southeast Asian Nations countries, particularly Indonesia, Malaysia, the Philippines, Singapore, and Thailand, to answer the following questions. First, what is the impact of the usage of...
The unbreakable trade-off between agricultural development and biodiversity loss: Is there a magical role of artificial intelligence?
Siew-Pong Cheah, Ai-Lian Tan, Yan-Ling Tan, Thian-Hee Yiew, Chee-Loong Lee
Politická ekonomie X:X | DOI: 10.18267/j.polek.1507
Artificial Intelligence (AI) significantly enhances agricultural production by optimizing inputs, minimizing waste, and improving management practices. However, the capability of AI to foster sustainable agriculture remains under scrutiny. This study investigates AI's impact on the relationship between agriculture and biodiversity loss across 132 countries from 2013 to 2021. Employing a Negative Binomial (NB) regression model, our findings reveal that traditional agricultural practices contribute to an increase in the number of threatened species. Conversely, integrating AI in smart farming practices appears to mitigate biodiversity loss. Additionally,...
Environmental Regulations and Sustainable Development: The Role of Fiscal Decentralization and Clean Energy
Rong Wang, Xiaohan Gu, Yunqiu Zhan, Xiao Gu
Politická ekonomie X:X | DOI: 10.18267/j.polek.1508
There is a growing recognition of the importance of sustainable development. Political economy factors and natural resources are considered important sources of economic prosperity. These are the fundamental primary resources utilized in the production process, which subsequently drives economic activities and results in sustained growth. Nevertheless, resource-rich countries often experience sustainability challenges. This study examines the impact of mineral resource rents on sustainable development in selected developed countries from a political economy perspective. Moreover, we include renewable energy deployment and fiscal decentralization as...
Exploring the Impact of Export Diversification on Energy-Mix Diversification: Role of Institutional Quality, Foreign Direct Investments and Research & Development
Muhammad Shahbaz, Cem Iºik, Serdar Ongan, Bekhzod Kuziboev
Politická ekonomie X:X | DOI: 10.18267/j.polek.1509
This research investigates the effects of export diversification (henceforth, EXD) on energy mix diversification for 26 European Union (EU) countries. To achieve this aim, we employ the quantile regression model and GMM estimator for 1995-2020. The primary outcome of this study is to identify the complexity of such two crucial factors. At lower levels of diversification, EXD has a negative impact on energy mix diversification; however, this effect becomes positive at higher level diversification. This situation underscores the significance of considering this factor when formulating energy policies. Specifically, exploring strategies to increase EXD...
Environmental Sustainability in Southeast Asia: Evidence from Linear and Nonlinear Unit Root Tests and Policy Implications
Sefa Özbek, Bahar Özbek
Politická ekonomie X:X | DOI: 10.18267/j.polek.1510
This study focuses on Southeast Asian countries that have attracted attention with their recent economic growth performance. The validity of environmental sustainability is investigated through data for the period 1973–2022. For this purpose, ecological footprint data from Indonesia, the Philippines, Cambodia, Malaysia, Singapore, Thailand and Vietnam are used. Unit root tests with various power properties are used in the study. Firstly, ADF and PP unit root tests based on the Dickey–Fuller unit root test procedure are used in the study. In addition, among the non-linear unit root tests, Leybourne et al. (1998) and Harvey and Mills (2002)...
Natural Resource Dependency, Political Stability, and Environmental Sustainability in the G7: Role of Operational Behaviors of Multinational Firms Using Quantile Regression
Mohammad Ridwan, Anowar Hossain, Tasfia Mahjabin, Md. Emran Hossain, Afsana Akther, Mohd Ziaur Rehman, Md. Eleais
Politická ekonomie X:X | DOI: 10.18267/j.polek.1511
This study examines the impact of natural resource dependence, political stability, and the operational behaviors of multinational corporations (MNCs) on CO2 emissions in the G7 region from 1996 to 2021. Due to the non-normal distribution of the data, a quantile regression approach is employed to assess how these factors influence CO2 emissions across different emission levels. The results indicate that economic growth, natural resource reliance, and political stability contribute to higher CO2 emissions, whereas MNCs' operation al behaviors and renewable energy use significantly reduce emissions. Robustness checks...
How Does Energy Insecurity Hurt Green Growth? The Role of Financial Stability
Shi Yong Zheng, Jiaying Li, Wen Lu, Muhammad Hafeez, Razaz Waheeb Attar
Politická ekonomie X:X | DOI: 10.18267/j.polek.1512
Climate change is one of the most disturbing issues for people all around the globe. Green growth has become the most viable solution for achieving economic goals without damaging environmental quality. Consequently, our main interest in this analysis is to examine how energy security risk and financial stability affect green growth in top carbon emitter economies. The CS-ARDL model is our selected estimation technique for examining the relationship between energy security risk, financial stability, and green growth. The long-run estimates reveal that higher energy security risk lowers green growth. In contrast, financial stability, technology, and...
The Influence of Green Enterprises on Circular Economy Practices in Developing Countries: A Framework for AI-Driven Environmental Policies
Muhammad Usman, Shahbaz Imran, Ahsan Akbar
Politická ekonomie X:X | DOI: 10.18267/j.polek.1513
This study aims to examine the role of green enterprises and their corporate activities in circular economy practices, particularly in the context of developing economies. The world we are living in is confronting enormous environmental concerns, e.g., climate change and pollution, and corporate activities that degrade the environment are primarily responsible for these concerns. Therefore, green entrepreneurship has the potential to reverse the trend and create an eco-friendly environment through circular economy activities. To further strengthen this perspective, this study proposes a Framework for AI-driven environmental policies that can...
Energy Poverty and Women in Turkey: Household-Level Insights and Policy Implications
Eyup Emre Ulug, Emrah Kocak, Burcu Oralhan, Fatma Unlu
Politická ekonomie X:X | DOI: 10.18267/j.polek.1515
This study examines the impact of womens income, employment, education, health, and household characteristics on energy poverty in Turkey. The research utilizes logit and probit regression methods to analyze household data comprehensively, providing a detailed understanding of the factors influencing energy poverty. According to the results, women with any income - particularly those with above-average income - significantly reduce household energy poverty. While the impact of womens employment type on energy poverty is mixed, paid employment strongly reduces it. Higher levels of womens education decrease the likelihood of energy poverty. Womens health...
Do Climate Risks Affect Stock Markets? Quantile Connectedness Analysis for Major European Economics
Deniz Sevinç, Veysel Karagöl
Politická ekonomie X:X | DOI: 10.18267/j.polek.1516
This study examines the interconnectedness between climate-related risks and Europes five major stock markets, which aims to become the first continent with a net-zero emissions balance with daily data from April 16, 2013, to December 29, 2023. We employ two methodologies: Quantile Connectedness to investigate the impact of climate risks on stock market volatility in different market circumstances and Quantile Time-Frequency Connectedness to examine the short- and long-term spillover effects. Our results indicate that transition and physical risks have asymmetric effects on market indices, which are particularly pronounced during crisis periods. The...
Economic Policy Uncertainty, Geopolitical Dynamics, Energy Prices, and Green Bond Returns
Xiaohui Qu, Chaokai Xue, Mahmood Ahmad, Qun Gao, Yuxi Wu
Politická ekonomie X:X | DOI: 10.18267/j.polek.1517
This study investigates the asymmetric effects of economic policy uncertainty (EPU), geopolitical risk (GPR), and liquefied natural gas (LNG) prices on green bond returns in China from August 2012 to July 2022. Using quantile-on-quantile regression (QQR), quantile Granger causality, and wavelet coherence analysis, we examine the relationships between these factors and green bond prices across different quantiles. Our findings reveal significant asymmetric impacts of EPU, GPR, and LNG prices on Chinese green bond returns. Specifically, EPU, geopolitical threats (GPRT) and LNG prices show strong positive effects on green bonds across most quantiles and...
How do digital government and digital finance promote green investment?
Ilhan Ozturk, Sana Ullah
Politická ekonomie X:X | DOI: 10.18267/j.polek.1518
In order to tackle climate change and global warming, policymakers all around the globe have stressed fostering investment in green initiatives and projects. Particularly in top polluted economies, the importance of green investment has recently increased manifold. Thus, researchers have focused on finding the determinants of green investment. This analysis aims to scrutinize the link between digital government, digital financial inclusion, and green investment nexus in top polluted economies by employing two-stage least squares (2SLS), generalized method of moments (GMM), and smoothed instrumental quantile regression (SIVQR) methods. In addition to...
Public Environmental Attention and Corporate Greenwashing in China
Qizhi He, Maotao Liu, Xubing Fang, Najaf Iqbal
Politická ekonomie X:X | DOI: 10.18267/j.polek.1519
Corporate greenwashing is increasingly posing a severe threat to the effective implementation and evaluation of the United Nations Sustainable Development Goals. Apart from the regulatory pressure, the active participation of the public in environmental governance is essential in this regard. Through a theoretical and empirical lens, this study systematically examines the impact of public environmental attention (PEA) on corporate greenwashing and its underlying mechanism in the Chinese context. The data from A-share firms and the Baidu search index for prefecture-level cities are gathered from 2011 to 2020 and analyzed using 2SLS and various robustness...
Investigating Synergies and Nexus of Circular Economy and Energy Transition Intensity in context of global paradigm transformations
Jean Vasile Andrei, Luminita Chivu, Violeta Sima, Ileana Georgiana Gheorghe, Dumitru Nancu
Politická ekonomie X:X
This paper investigates the possible synergies and interconnections between the circular economy and the intensity of the energy transition within the broader context of global paradigm shifts. Using panel data from EU Member States (2013-2022), a Vector Error Correction Model (VECM) was applied to evaluate long-term dynamics and causality among variables including GDP per capita, material circularity, energy dependency, renewable energy use, greenhouse gas emissions, and innovation outputs. The analysis identifies significant long-run relationships, particularly between GDP per capita and indicators such as circular material use, renewable energy...
Industrial Structure Upgrading, Local Official's Promotion Pressure, and Green Total Factor Productivity: Evidence from China
Le Xiao Bing, Sarma Binti Aralas
Politická ekonomie X:X | DOI: 10.18267/j.polek.1521
The upgrading of industrial structure in China encourages the growth of emerging industries and the transformation of traditional industries, which contributes to high-quality economic development. Meanwhile, environmental regulation plays a key role in developing a green economy. However, the promotion pressure of local officials challenges environmental sustainability. The current study assesses green total factor productivity using the Global Malmquist-Luenberger index based on panel data of 30 provincial units in mainland China for the years 2005 to 2023 and investigates the link between industrial upgrading and green total factor productivity....
Do Potential Interactions Between Firms Have an Impact on Profitability? The Case of Manufacturing Industry in Turkey
Ruya Karci, Ilkut Elif Kandil Goker, Ceren Dirik Ayvaz, Bahadir Uysal
Politická ekonomie X:X | DOI: 10.18267/j.polek.1523
This study examines the determinants of firm profitability in the Turkish manufacturing industry by incorporating spatial interaction among firms in the same sub-sector. Using quarterly data from 119 Borsa Istanbul (BIST)-listed firms between 2014-2023, we employ spatial panel models to assess whether a firms profitability is influenced by both its own characteristics and the performance of neighboring firms. The Spatial Durbin Model emerges as the best-fitting specification. Findings indicate significant positive spillover effects: profitability is affected by peers financial metrics, particularly working capital turnover, firm size, and debt to equity...
FED vs. ECB: Which matters most for Visegrad economies? Evidence from a Bayesian VAR model
Monika Junicke, Vincenzo Merella
Politická ekonomie X:X | DOI: 10.18267/j.polek.1524
This paper employs a VAR model with economically meaningful structural restrictions to examine how monetary policy shocks originating from the FED and the ECB influence macroeconomic variables in Central European economies, specifically the Visegrad Group (V4). We investigate whether US monetary policy shocks impact the V4 independently or primarily through Germany. Our results indicate that US monetary policy shocks significantly affect V4 macroeconomic variables, at times equalling or surpassing the influence exerted by their European counterparts, even after accounting for indirect effects transmitted through Germany. Additionally, our findings...
Growth and Inequality Effects of Reforms from the Perspective of Defining and Measuring: A Model Essay on Turkey
Ömer Yalçinkaya, Vedat Kaya, Gökhan Erkal
Politická ekonomie X:X | DOI: 10.18267/j.polek.1525
In this study, parallel with the developments in the global economy, the focus was on Turkey, where reform programs have become widespread since the 1990s, and the possible effects of reforms on growth and inequality were exam ined. For this purpose, in the study, financial, fiscal, real, and trade sector reforms for Turkey were defined by IMF-MONA classifications, measured from the archive of the Official Gazette of the Presidency of the Republic of Turkey from 1990 to 2021, and their effects on growth and inequality were examined by the Augmented ARDL method. The study's innovative aspect focuses on the effects of the reforms identified with a new...
Unconventional Monetary Policies in Emerging Markets: Turkey's Experience Through the Lens of Synthetic Control
Metin Tetik, Emine Tuğbanur Ciğeroğlu
Politická ekonomie X:X | DOI: 10.18267/j.polek.1527
This study investigates the impact of the Central Bank of Turkey\'s (CBRT) unconventional monetary policy shift in 2021 particularly aggressive interest rate cuts on inflation and macroeconomic stability by applying the Synthetic Control Method (SCM). A synthetic counterfactual is constructed from countries with comparable macroeconomic characteristics to estimate what Turkey\'s inflation trajectory would have been in the absence of the policy change. The results reveal a sharp post-2021 inflation divergence between Turkey and its synthetic counterpart, suggesting that the surge in inflation was largely policy-induced. Placebo tests validate the statistical...
Is It Perception or Reality that International Migration Flows Increase Unemployment? An Empirical Assessment for the European Countries
Mehmet Mucuk, Sümeyra Evren
Politická ekonomie X:X | DOI: 10.18267/j.polek.1528
This paper mainly aims to explore the long-term impact of net migration on unemployment in the 11 European countries for the period 1991-2022 employing the cross-sectionally augmented distributed lag (CS-DL) estimator. In addition, the Juodis, Karavias and Sarafidis panel Granger non-causality test (JKS test), a new technique, is employed to explore causal links between variables. According to the findings of the CS-DL estimator, net migration has no statistically significant effect on unemployment in the long-term. This result does not support the perception that migration increases unemployment. The findings of the JKS test also indicate that there...
Labor in the Age of AI: Productivity Trends Across the EU
Jordan Kjosevski, Mihail Petkovski, Aleksandar Stojkov
Politická ekonomie X:X | DOI: 10.18267/j.polek.1531
This study investigates the impact of Artificial Intelligence (AI) readiness on labour productivity across 27 European Union (EU) countries between 2019 and 2024. Using a dynamic panel approach, we apply Pooled OLS, Fixed Effects, Difference GMM, and System GMM estimators to account for endogeneity and persistence in productivity. The System GMM model is preferred for its robustness and reliability. Results show that AI readiness positively influences labour productivity, though the effect remains modest, reflecting disparities in adoption across regions. Other significant drivers include foreign direct investment and R&D expenditure, while government...
Green Finance and Energy Security: Pathways to Resilient Economic Growth
Hao Zhu
Politická ekonomie X:X | DOI: 10.18267/j.polek.1535
The transition to sustainable energy systems represents one of the most critical challenges of our time, requiring careful balancing of energy security, economic growth, and environmental sustainability. This study examines the complex relationship between green finance mechanisms and energy security outcomes across 10 major economies from 2000-2023, with diverse energy profiles and development trajectories. Using a dynamic panel data approach, we analyse how different financial instruments and policy frameworks contribute to resilient energy systems while addressing the persistent challenges of fossil fuel dependency and price volatility. Our findings...
The Effectiveness of Environmental Regulation in E7 and G7 Countries: Revisiting the Pollution Halo and Pollution Haven Hypothesis
Ebru Bilgin, Nazmiye Tekdemir, Pelin Varol İyidoğan
Politická ekonomie X:X | DOI: 10.18267/j.polek.1537
This study examines the environmental impact of foreign direct investment (FDI) in E7 and G7 countries from 2005 to 2020 using ecological footprint as a comprehensive indicator. Employing both linear and nonlinear dynamic panel models, the findings reveal that the environmental effects of FDI are contingent upon the stringency and type of environmental regulation. In E7 countries, FDI tends to worsen environmental degradation under weak regulatory frameworks, providing partial support for the Pollution Haven Hypothesis (PHV). In contrast, in G7 countries, FDI contributes to environmental improvement when market-based and technology-oriented policies...
Digital Government Construction and Employment Stability: Promoting Equity or Deepening Disparities?
Zijie Wang, Xin Zhao, Sala Dariusz, Wanzhen Li, Irum Shahzadi
Politická ekonomie X:X | DOI: 10.18267/j.polek.1550
Amid the rapid expansion of the digital economy, digital government construction has emerged as a vital instrument for advancing the modernization of national governance systems and promoting high-quality economic growth. Drawing on institutional theory, this study investigates the impact of digital government construction on enterprise employment levels and the mechanisms through which this influence operates. Using panel data from Chinese listed companies between 2019 and 2023, a fixed-effects model is employed for empirical analysis. The findings reveal that digital government development significantly enhances enterprise employment levels, a conclusion...