Politická ekonomie, 2024 (vol. 72), Spec.issue
Articles
Effect of Political Stability, Geopolitical Risk and R&D Investments on Environmental Sustainability: Evidence from European Countries by Novel Quantile Models
Serpil Kiliç Depren, Sinan Erdogan, Mustafa Tevfik Kartal, Ugur Korkut Pata
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...
China's Political Risk and Transition to Cleaner Energy: Evaluating the Role of Political Economy for COP27
Xiao Gu, Xiaohan Gu, Weizheng Wang, Difei Hu
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,...
Sustainable Growth, Political Risk and Carbon Footprint: Do Energy Transition and Financial Expansion Matter?
Shuqing Yu, Yi Zhou, Qasim Raza Syed, Dervis Kirikkaleli
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...
Sustainable Growth through Green Electricity Transition and Environmental Regulations: Do Risks Associated with Corruption and Bureaucracy Matter?
Runguo Xu, Ugur Korkut Pata, Jiapeng Dai
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),...
Understanding the Dynamics of Political Economy in Relation to Energy Transition for G7 Economies
Yanyan Qiu, Yan Yan, Ramez Abubakr Badeeb, Zeeshan Khan, Mohammed Moosa Ageli
Politická ekonomie 2024, Volume 72(2), Special Issue: 255-277 | DOI: 10.18267/j.polek.1423
This research covers the literature gap by investigating the factors of economic expansion (GDP), total natural resources (TNRNT), political risk index (PRI) and technological innovation (TI) and their impact on the renewable electricity output (REOT) in the G7 economies, covering the period 1990-2022. The research utilizes novel MMQREG as the primary method, while BSQR is a non-parametric robustness check method. A pairwise Dumitrescu-Hurlin causality test is employed to find out the causal connection between variables. The diagnostic outcomes show that the modelled variables are static after the first difference...
Role of Research and Development Budgets and Socio-economic Conditions for Greener Energy Transition in Emerging Economies: Do Internal and external conflicts matter?
Lu Pan, Fucheng Yang, Chunyang Luo, Jiapeng Dai
Politická ekonomie 2024, Volume 72(2), Special Issue: 278-305 | DOI: 10.18267/j.polek.1425
In the contemporary times, with the major conflict of the Russo-Ukrainian War, the global economies are facing several challenges and disputes in various economic, energy, and financial sectors. Still, policymakers and scholars are concerned about exploring factors affecting greener energy. The present study examines the impact of research and development (R&D) budgets, financial globalization and socio-economic conditions on greener energy adoption. Besides, this study considers the role of internal and external conflicts on greener energy adoption in the "Emerging Seven" economies during the period 1990-2020. Using various diagnostic and cointegration...
Gender and Energy Transition: How do Political Risk and Regulation Matter?
Tanaya Saha
Politická ekonomie 2024, Volume 72(2), Special Issue: 306-330 | DOI: 10.18267/j.polek.1434
The energy transition process might face cognitive bankruptcy because of prevailing gender bias in the energy sector. Policy reorientation is needed to ensure diminishing of gender bias in the transition process. The political risk persisting within the economy, as well as among its international counterparts, also needs to be internalized within this framework. Existing regulatory infrastructure might possibly have an impact on shaping the dimensions of this association. The present study aims at analysing the effect of energy transition on gender inequality in the USA in light of political risk and regulations. Moderation effects are captured using...
Examining the Effects of Energy Efficiency R&D and Renewable Energy on Environmental Sustainability Amidst Political Risk in France
Oktay Özkan, Babatunde Sunday Eweade, Tomiwa Sunday Adebayo
Politická ekonomie 2024, Volume 72(2), Special Issue: 331-356 | DOI: 10.18267/j.polek.1437
The urgent need to address climate change and the depletion of natural resources has led governments worldwide to allocate significant resources towards research and development in clean energy technologies and energy efficiency. This study evaluates the effectiveness of renewable energy and energy efficiency initiatives in reducing CO2 emissions, taking into account the influences of natural resource availability and political risk. Using data from France spanning from 1985 to 2021, we employ the kernel-based regularized least squares (KRLS) methodology, complemented by quantile regression (QR), to analyse these relationships. Our findings...
Does Political (De)stabilization Drive Clean Energy Transition?
Runguo Xu, Muntasir Murshed, Wenjuan Li
Politická ekonomie 2024, Volume 72(2), Special Issue: 357-374 | DOI: 10.18267/j.polek.1438
Exploring the political economy of clean energy development, this study appraises how political (de)stabilization influences the clean energy transition process in selected South Asian countries. Using yearly data spanning from 1998 to 2021, the results show that political stabilization facilitates the clean energy transition process by raising the share of renewables in the final energy consumption profiles of the concerned South Asian nations. Contrarily, political destabilization is found to inhibit the transition process. In addition, political stabilization is witnessed to partially offset the clean energy transition-inhibiting impact of rising...
Role of Corruption and Governance Quality on Green Electricity Transition: Learning Through the Lens of Economic Complexity and Sustainability
Ziya A, Xiaochuan Guo, Syed Ali Raza
Politická ekonomie 2024, Volume 72(2), Special Issue: 375-402 | DOI: 10.18267/j.polek.1439
The transition towards green and clean energy sources is the need of the day and a key target for several economies across the globe. Besides, emerging economies also aim to minimize fossil fuel dependence, promoting the adoption of green electricity. However, several obstacles, including governance, corruption and economic-related issues, are forthcoming in attaining sustainability in the context of green energy. This research examines seven emerging economies from 1990 to 2020. The study uses novel panel diagnostic assessment approaches, which validate the slope heterogeneity and cross-sectional dependence and confirm the cointegration between the...
Comparative Analysis of Technological Innovation in Chinese Cities: Pre and Post-Government Green Performance Assessment
Ye Li, Hooi Hooi Lean, Yiyan Chen
Politická ekonomie 2024, Volume 72(2), Special Issue: 403-430 | DOI: 10.18267/j.polek.1440
To better promote the transformation of the economic development mode and improve technological innovation, the Chinese central government adjusted the performance assessment criteria for local officials. This study explores whether the government green performance assessment can serve to promote technological innovation. Data from 288 Chinese cities from between 2009 and 2018 is taken as the sample and the fixed effects model is utilized as the methodology. The findings show that the government green performance assessment has significant direct and long-term effects on technological innovation. The promotion of technological innovation is more evident...