Politická ekonomie, 2025 (roč. 73), číslo 4
Stati
Interactive Impacts of Remittance Inflows on Economic Growth in Algeria: Is the N-shaped Hypothesis Valid?
Hicham Ayad, Amina Bendahmane, Mohamed Driouche Dahmani
Politická ekonomie 2025, 73(4):584-614 | DOI: 10.18267/j.polek.1464 
This investigation explores the influence of remittances on economic growth in Algeria during the period 1970–2022 using the Fourier autoregressive distributed lags (FARDL) model. This study provides new insights by suggesting an N-shaped association between remittances and economic growth. The findings reveal a nonlinear relationship between remittances and growth in Algeria. Initially, the impact of remittances on income is positive, then becomes negative when they exceed a threshold of 1.2% of GDP, and later becomes positive again when remittances surpass a second threshold estimated at 1.894% of GDP. These results highlight the importance...
Analysis of Impact of Green New Deal on Development of Green Economy
Mengyao Guo, Yiniu Cui, Jianhong Cao, Cheng Zhong
Politická ekonomie 2025, 73(4):615-656 | DOI: 10.18267/j.polek.1461
Currently, nations worldwide are actively promoting various environmental movements to address the ecological crisis. Among these, the most prominent is the Green New Deal (GND). However, during the development of the GND, some scholars have identified that its advancement may lead to more severe environmental problems. Therefore, this study constructs indicators for green economic development and the GND. Utilizing an Ordinary Least Squares (OLS) regression model and a Spatial Durbin Model (SDM) and based on panel data from 30 Chinese provinces spanning 2008 to 2021, it specifically analyzes the impact of the GND on green economic development. The...
Role of Energy Policy in Shaping German-Russian Relations through Economic Policy Uncertainties: Insights from the Russo-Ukrainian War
Burak Pirgaip, Mehmet Baha Karan, Kazim Baris Atici
Politická ekonomie 2025, 73(4):657-685 | DOI: 10.18267/j.polek.1465
We shed light on the German-Russian relationship, focusing on the complexities that underlie their economic policy uncertainties over the period 1994–2023. We start with static unconditional correlation and dynamic conditional correlation analyses to examine the strength and temporal variations in the correlation between economic policy uncertainties of these two major countries. We then utilize standard and time-varying Granger causality analysis to uncover causal relationships. Importantly, we use a novel energy policy uncertainty index for Germany to explore interconnections between economic and energy policy uncertainties. We emphasize the importance...
Reimagining Recovery: Macroeconomic Power of Energy Efficiency in Crisis Times
Yugang He
Politická ekonomie 2025, 73(4):686-714 | DOI: 10.18267/j.polek.1460
This paper examines the profound effects of the COVID-19 pandemic on South Korean society, particularly focusing on the economic repercussions of a shock in energy use efficiency from Q1 2020 to Q3 2023. Employing advanced Bayesian estimation and impulse response function methods, the study reveals that enhanced energy use efficiency significantly boosts key economic metrics, including output, consumption, employment, energy use, real wages and investment. Additionally, an increase in real money holdings and a decrease in both deposit and loan interest rates are observed. The analysis further explores the impact of monetary policy adjustments made...
Policies Towards Energy Poverty Reduction Goal: Role of Female Political Participation and Financial Globalization
Tomiwa Sunday Adebayo
Politická ekonomie 2025, 73(4):715-742 | DOI: 10.18267/j.polek.1466
The United Nations Sustainable Development Goals (SDGs) emphasize the importance of energy by making affordable and clean fuel access the focus of Goal 7. Energy poverty is a widespread issue globally, particularly in developing countries. Thus, this investigation inspects the drivers of energy poverty in Brazil using data from 1997Q1 to 2022Q4. The study introduces the wavelet Zivot-Andrews (WZA) unit root test, which modifies the traditional Zivot-Andrews (ZA) test by incorporating wavelet analysis, allowing decomposition of the time series into different time scales (short-term, medium-term and long-term). This enables the WZA test to capture structural...
Moving Towards Energy Transition: What Role Do Green Financing, Green Technology and Environmental Sustainability Play?
Atif Jahanger, Mohd Ziaur Rehman, Md Mostafa Jalal, Md Emran Hossain
Politická ekonomie 2025, 73(4):743-768
Green finance strategies have been established to direct funding towards green energy initiatives and promote the advancement of green technology for ecological sustainability. Moreover, the progress in green technology has played a significant role in the growth of green energy infrastructure in China. Nevertheless, there have been no prior investigations undertaken in China that specifically examine the impact of green financing and green technology on green energy within an asymmetric quantile framework. Thus, in the current study, a multivariate quantile-on-quantile regression (m-QQR) methodology is used to experimentally examine the link between...