Politická ekonomie, 2024 (vol. 72), issue 6
Articles
Two Decades of Efficiency Research in Czech and Slovak Banking in Retrospect
Martin Boďa, Emília Zimková, Anton Karaka
Politická ekonomie 2024, 72(6):841-866 | DOI: 10.18267/j.polek.1442 
The paper is a thematic analysis of 44 empirical studies that applied frontier techniques in analysing efficiency of Czech and Slovak commercial banks. The 44 journal articles were extracted from the Web of Science database and classified by prevailing research interest, methodological configuration and main findings in order to determine the state of the art and provide a starting point for further research in this subject area. The main research agenda of efficiency studies focused on Czech and Slovak banking was classified into eight relatively compact research interests ranging historically from effects of transition reforms to effects of asset...
Analysing the Impacts of Shadow Economy, Financial Inclusion and Economic Policy Uncertainty on CO2 Emissions
Muhammad Khalid Anser, Jimoh S. Ogede, Wang Huizhen, Timothy A. Aderemi, Sajid Ali, Romanus Osabohien
Politická ekonomie 2024, 72(6):867-895
The effects of the shadow economy on the environment have been amply documented in the literature; however, the relevance of financial inclusion and the unpredictability of economic policy are still up for debate. Therefore, this study examines the diverse effects of financial inclusion, shadow economies and economic policy on carbon emissions in 21 Sub-Saharan African countries from 2002 to 2019. To determine whether this hypothesis is true, this study uses the panel spatial correlation consistent (PSCC), method of moments quantile regression (MM-QR) and Dumitrescu-Hurlin (D-H) (2012) methodologies. The findings of the PSCC show that financial inclusion...
Examining Country-specific and Global Factors of Inflation Dynamics: The Curious Case of Baltic States
Mihail Petkovski, Jordan Kjosevski, Aleksandar Stojkov, Katerina Bartasek Petkovska
Politická ekonomie 2024, 72(6):896-922 | DOI: 10.18267/j.polek.1444
This article addresses the emergence of double-digit inflation in the Baltic states during 2022 and 2023, following decades of price stability. Utilizing monthly data spanning from January 2010 to February 2023, our study aims to comprehensively analyse the inflation dynamics in the Baltic context, considering both domestic and global factors. Through the application of the fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) methodologies, we identify significant influences such as exchange rate fluctuations, food and energy price movements and geopolitical events, notably the ongoing conflict in Ukraine. Our findings...
Impact of Organizational Culture and Work-related Factors on Burnout Syndrome Among Public Sector Employees During COVID-19 Pandemic
Vojtěch Koňařík, Jakub Vontroba, Kateřina Kashi, Veronika Kociánová
Politická ekonomie 2024, 72(6):923-957 | DOI: 10.18267/j.polek.1441
Burnout is a widely studied issue that can have negative consequences for individuals. In this paper, we examine whether organizational culture and other included factors contribute to the presence of burnout symptoms (burnout indicators) during the COVID-19 period among public sector (public university) employees. Using factor and regression analysis, we found that organizational culture together with other individual aspects such as work-life balance and respondents' age can significantly influence the burnout indicators. The results are significant and robust at a given significance level. Our main contribution consists in the following: Firstly,...
Reevaluating the Time-varying Safe Haven Status of Precious Metals: Novel Insights from Economic Policy Uncertainties in the USA and China
Ahmet Tunc
Politická ekonomie 2024, 72(6):958-984 | DOI: 10.18267/j.polek.1443
This study aims to examine whether the price exuberances in the prices of four main precious metals stem from their status as safe havens against economic uncertainty (proxied by the US EPU and Chinese CEPU indices). The findings reveal that the effects of both uncertainty measures on gold and silver prices, notably more pronounced in the case of the CEPU, persist for longer, particularly during the surge of uncertainty triggered by the COVID-19 pandemic. This finding highlights the safe-haven status of these metals, with a notable dominance of the CEPU in influencing the price dynamics of the gold and silver markets. However, as the observed price...
Relationship Between Economic Complexity, Globalization, Energy Sources and Environmental Sustainability
Mustafa Naimoğlu, Mustafa Akal
Politická ekonomie 2024, 72(6):985-1013 | DOI: 10.18267/j.polek.1446
This study investigates the relationship between economic complexity, globalization, energy consumption patterns and CO2 emissions in 12 energy-importing emerging economies from 1996 to 2020. Employing panel data analysis, the autoregressive distributed lag (ARDL) model is utilized. The findings reveal a U-shaped relationship between economic complexity and air pollution, supporting the environmental Kuznets curve (EKC) theory. Renewable energy demonstrates a significant ability to reduce CO2 emissions over the long term, while fossil fuel use exacerbates environmental degradation. Economic globalization is associated with increased...