Politická ekonomie 2024, Volume 72(2), Special Issue: 228-254 | DOI: 10.18267/j.polek.1420
Electricity production strategies of countries rely on fossil fuel-based electricity generation. Environmental regulations (ER) are needed to shift to green electricity for achieving energy transition, but corruption and bureaucracy can influence ER, energy transition and ecological quality. Hence, this research considers two important constituents of country risks including corruption and bureaucracy in the model while understanding the connections between green electricity, ER and the load capacity factor (LCF) in BRICS from 1992 to 2018. The research chooses a recent proxy of ecological quality (i.e., LCF),...
Politická ekonomie 2024, Volume 72(2), Special Issue: 203-227 | DOI: 10.18267/j.polek.1419
Unclean energy consumption stimulates carbon footprint (CF) leading to increased environmental pollution. Renewable energy transition (ETN) can curb the CF; however, political risk can obstruct this process. Hence, this study analyses the connections between economic growth, ETN and CF by considering political risk and financial expansion in a panel of top 10 emitters from 1992 to 2020 using the method of moment quantile regressions (MM-QR). The results elucidate that ETN significantly reduces the CF in the top emitters. Thus, expanding the ETN is beneficial for reducing the CF and promoting...
Politická ekonomie 2024, Volume 72(2), Special Issue: 181-202 | DOI: 10.18267/j.polek.1414
In the pursuit of sustainable development, economies such as China are placing a paramount emphasis on significantly augmenting the utilization of renewable energy sources. This marks a departure from conventional research approaches that solely focused on macroeconomic determinants while investigating patterns of renewable energy consumption. Thus, this research pursues to witness the relationship between the political risk index (PRI), renewable electricity output (RELOP), public-private partnership investment in energy (PPINENR), and renewable energy consumption (RECNS) in China from 1984 to 2022. For data estimations,...
Politická ekonomie 2024, Volume 72(2), Special Issue: 151-180 | DOI: 10.18267/j.polek.1413
This research investigates the effect of political stability and geopolitical risk on environmental sustainability (ES) by considering R&D investments in nuclear and renewable energy. Con- sidering the high political stability and recent energy crisis and increasing geopolitical risk, the study focuses on three leading European countries. We use the load capacity factor, include data between 1985/1 and 2020/12, and apply quantile on quantile regression (QQ), Granger causality in quantiles (GQ), and quantile regression (QR) models. The study finds that in higher quantiles (i) increasing political stability stimulates the ES in Sweden and the United...
Politická ekonomie 2024, 72(1):142-150 | DOI: 10.18267/j.polek.1432
Politická ekonomie 2024, 72(1):122-141 | DOI: 10.18267/j.polek.1410
This study examines the long-run relationship between the unemployment rate and labour force participation rate in South Korea from June 1999 to January 2023. The study utilizes the traditional Johansen cointegration test and augments it with Fourier terms to control for an unknown number of breaks in the cointegration system. The empirical findings suggest a significant long-run relationship between the unemployment rate and labour force participation rate in South Korea, which provides evidence against the unemployment invariance hypothesis. The study also finds evidence of the discouraged-worker effect for males and the added-worker effect for females....
Politická ekonomie 2024, 72(1):102-121 | DOI: 10.18267/j.polek.1422
Continuous technological changes in various industries are necessary for achieving economic development goals. Logistics, as an integral part of the supply chain, is gaining an increasingly significant role for national economies. To encourage its further development, especially in the era of intensive digitization and the context of Industry 4.0, innovations and new technologies are seen as important drivers. The paper examines the impact of capacity for innovation and availability of latest technologies on countries' overall logistics performance, as well as individual components of international logistics. Additionally, the role of export and import...
Politická ekonomie 2024, 72(1):73-101 | DOI: 10.18267/j.polek.1411
This paper examines various configurations of the formula under the formulary apportionment methodology from the perspective of the explanatory power of the variability in profitability of multinational companies with the aim to identify the best-performing formula based on analytical evidence of panel microeconomic data. The considered configurations of the formula are based on the novel composition of the allocation formula indicated under the BEFIT proposal, preceding the CCCTB proposal, and traditionally used formulas, at the sub-national level, in Canada and the United States. The empirical analysis uses microeconomic panel data obtained from...
Politická ekonomie 2024, 72(1):50-72 | DOI: 10.18267/j.polek.1407
This study investigates whether the response of stock returns to economic policy uncertainty de- pends on the level of government size in the economy. Although there is a consensus in the liter- ature that stock markets react negatively to policy-related uncertainties, the factors that determine the magnitude of this effect have been ignored. This study is the first to demonstrate that the magnitude of this effect depends on the size of the government in the economy. In the study, data for the period 1997Q1-2021Q4 pertaining to 18 countries are used. According to results of fixed-effects estimations with Driscoll-Kraay robust standard errors, economic...
Politická ekonomie 2024, 72(1):24-49 | DOI: 10.18267/j.polek.1402
Precarious work is characterized by flexible and nonstandard employment relations. It affects people's economic relationships and participation in social and political movements. Based on the data of the Hong Kong Panel Study of Social Dynamics 2015, this paper explores the influence mechanism of precarious work on political participation with political attitudes as a mediator. The results show that, for precarious workers, there is a significantly lower probability of institutionalized political participation and a higher probability of non-institutionalized political participation. Also, the young precarious workers have a lower probability of institutionalized...
Politická ekonomie 2024, 72(1):1-23 | DOI: 10.18267/j.polek.1399
In the lens of European integration, national competitiveness no longer depends just on national inheritance, but also on the new member states' capacity of exploiting existing advantages of EU membership. In this paper, we closely follow the effects of European Union (EU) admission on national competitiveness for eleven Central and Eastern European (CEE) countries that joined the EU after 2004. The analysis includes new specific variables that we consider potential boosters of competitiveness in this particular sample of countries, besides the proxies generally used in the literature. The results indicate that, for most of the CEE countries, EU accession...
