Public Finance and Green Growth

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 31 January 2025 | Viewed by 900

Special Issue Editor


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Guest Editor
Faculty of Tourism and Hospitality Management, University of Rijeka, Opatija, Croatia
Interests: finance; public finance; international taxation; taxation of digital economy; regional and local development

Special Issue Information

Dear Colleagues,

In the wake of the coronavirus crisis, the world is now facing environmental damage. To prevent this, many measures should be taken at all levels of government. In addition, fiscal policy instruments must play a key role in supporting green investment and growth. The main role of fiscal policy is to influence the economy through government spending and taxation. Therefore, this Special Issue focuses on both theoretical and empirical analysis of public finance and green growth in the context of sustainable development.

The aim of this Special Issue is to bring together theoretical, overview and empirical concepts that help to define the perspective of public finance and green growth based on an integrated set of economic, social, environmental and ethical rights-based principles. The presented findings will help practitioners and scholars to better understand the relationship between public finance and green growth, with a focus on fiscal reforms for sustainability. Empirical contributions are therefore encouraged, covering a wide range of aspects of tax policy and the development of a sustainable economy in the form of country studies or international comparisons. In addition, this Special issue will provide a new perspective on trends in public finance and green growth in a deteriorating global economic environment.

Dr. Sabina Hodžić
Guest Editor

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Keywords

  • green growth
  • fiscal policy
  • tax policy
  • public finance
  • green investment
  • sustainable finance

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Published Papers (1 paper)

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Research

22 pages, 2639 KiB  
Article
Quantile Connectedness Amongst Green Assets Amid COVID-19 and Russia–Ukraine Tussle
by Ayesha Rehan, Wahbeeah Mohti and Paulo Ferreira
Economies 2024, 12(11), 307; https://doi.org/10.3390/economies12110307 - 13 Nov 2024
Viewed by 563
Abstract
With the advent of greening the global economy and the introduction of green financial assets, this study examines the connectedness and spillover effect of green assets using a QVAR approach focusing on the average connectedness and connectedness under extreme market conditions. The time [...] Read more.
With the advent of greening the global economy and the introduction of green financial assets, this study examines the connectedness and spillover effect of green assets using a QVAR approach focusing on the average connectedness and connectedness under extreme market conditions. The time of the study captures the crucial global incidents of COVID-19 and Russia–Ukraine war to investigate the effect of major incidents on the connectedness of green assets. The results of the QVAR analysis reveal that green assets are moderately connected under normal market conditions; however, their connection is strengthened under extreme market conditions. IOTA and SP Green Bonds are the net receivers of shocks from other assets, and SP Green Bonds are connected to green energy indices and green cryptocurrencies during turbulent markets. Since green cryptocurrencies are closely connected, a lower portion of them should be added to portfolios, whereas SP Green Bonds qualify as a good diversifying agent in a portfolio. The study has significant implications for market participants, investors, and policymakers. Full article
(This article belongs to the Special Issue Public Finance and Green Growth)
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