New Perspectives in Public Finance

A Special Issue of Journal of Risk and Financial Management (ISSN 1911-8074) belonging to the section "Economics and Finance".

Deadline for manuscript submissions: 31 December 2026 | Viewed by 736

Editors


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Guest Editor
Department of Financial and Banking Management, University of Novi Sad, 21000 Novi Sad, Serbia
Interests: public finance; fiscal policy; tax reform; banking; financial economics

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Guest Editor
Department of Economic Theory and Policy at the Faculty of Economics in Subotica, University of Novi Sad, Novi Sad, Serbia
Interests: fiscal policy; public finance

Special Issue Information

Dear Colleagues,

This Special Issue seeks to tackle the dynamic challenges and emerging opportunities in public finance amidst rapidly evolving economic, social, and technological landscapes. It aims to uncover innovative strategies in fiscal policy, public debt management, taxation, and government spending. Central themes include the transformative role of digital technology in public financial management, the integration of environmental and social governance (ESG) objectives, and the pursuit of sustainable fiscal practices to address critical issues like inequality and climate change. Contributions are also invited to explore the effects of global crises—such as the COVID-19 pandemic—on public budgets, fiscal deficits, and pathways to economic recovery. We particularly encourage submissions that leverage novel empirical methodologies and offer actionable insights for policymakers and practitioners. This Special Issue aspires to deepen understanding of how public finance can drive sustainable economic growth, advance social welfare, and build resilience to economic and environmental challenges.

Dr. Branimir Kalaš
Dr. Olgica Glavaški
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 250 words) can be sent to the Editorial Office for assessment.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-anonymized peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Publisher’s Notice

Following discussions between the Journal of Risk and Financial Management editorial office and the Guest Editor, a new Guest Editor, Dr. Olgica Glavaški, has been added to the Special Issue. This change has been approved by the journal Editorial Board, and the Special Issue website has been updated accordingly on 7 August 2026. The Special Issue will continue to be handled by the new Guest Editor team in accordance with MDPI’s Special Issue and editorial policies.

Keywords

  • public finance
  • fiscal policy
  • taxation
  • public debt sustainability
  • ESG integration
  • digital transformation
  • global crisis

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Published Papers (1 paper)

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Research

34 pages, 1432 KB  
Article
Green Fiscal Instruments and the Circular Economy Transition in the EU-27: Does the Structure of Environmental Taxation Matter?
by Vanya Georgieva and Nadezhda Blagoeva
J. Risk Financ. Manag. 2026, 19(9), 724; https://doi.org/10.3390/jrfm19090724 - 14 Sep 2026
Viewed by 42
Abstract
The European Union aims to double circular material use by 2030, yet the rate reached only 12.2% in 2024, and environmental tax revenue remains dominated by energy taxes. This article examines whether the composition and timing of environmental taxation and agricultural specialisation are [...] Read more.
The European Union aims to double circular material use by 2030, yet the rate reached only 12.2% in 2024, and environmental tax revenue remains dominated by energy taxes. This article examines whether the composition and timing of environmental taxation and agricultural specialisation are associated with the circular transition. Using an unbalanced EU-27 panel for 2010–2024 (CMUR and recycling) and 2005–2023 (economic indicators), this study estimates two-way fixed-effects lagged and interaction models with Eurostat data. The aggregate environmental tax revenue share shows no systematic association with the five circular outcomes. Disaggregated results show that energy tax revenue is associated with lower private investment in circular sectors, transport tax revenue with higher municipal waste recycling, and pollution tax revenue with a weak increase in circular sector gross value added. Resource tax coefficients are statistically insignificant and imprecisely estimated. Lagged models reveal different patterns across outcomes but no common transmission horizon. The associations of the aggregate tax revenue share with recycling and circular employment weaken as agricultural specialisation increases. However, the associations lose statistical significance when country-specific linear trends are included. The findings suggest that tax composition and economic context are more informative than the aggregate tax burden, while the observational design and sensitivity of the results require cautious policy interpretation. Full article
(This article belongs to the Special Issue New Perspectives in Public Finance)
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