Search Results (129)

In order to recycle plastic waste back to food contact materials (FCMs), it is necessary to identify hazardous substances in plastic packaging that pose a toxicological risk. Printing inks on plastics are not yet designed to withstand the high heat stress of mechanical recycling processes and therefore require hazard identification. In this study, virgin polypropylene (PP) foils were printed with different types of inks (UV-cured, water-based) and colour shades. Thermal analysis of printed foils and pigments was performed using differential scanning calorimetry (DSC). Samples were then thermally treated below and above measured thermal events at 120 °C, 160 °C, 200 °C or 240 °C for 30 min. Subsequently, migration tests and miniaturised Ames tests were performed. Four out of thirteen printed foils and all three pigments showed positive results for mutagenicity in miniaturised Ames tests after thermal treatment at 240 °C. Additionally, pre-incubation Plate Ames tests (according to OECD 471) were performed on three pigments and one printed foil, yielding two positive results after thermal treatment at 240 °C. These results indicate that certain ink components form hazardous decomposition products when heated up to a temperature of 240 °C. However, further research is needed to gain a better understanding of the chemical processes that occur during high thermal treatment. Full article

Considering the United Nations Climate Change Accord and insights from the OECD Global Material Resources Outlook to 2060, this study explores the intricate interrelationships of population growth, economic expansion, energy consumption, and carbon emissions in key OECD and BRICS countries. With the global economy heavily reliant on fossil fuels—the primary drivers of carbon emissions—we examine historic and projected energy use trends in developed and emerging economies. Through a combination of exploratory data analysis and ARIMA-based statistical forecasting, we investigate the relationships among GDP growth, energy use, and emissions, drawing distinctions between OECD and BRICS nations. Our findings reveal that, while developed economies demonstrate declining energy use, emerging markets show an upsurge in usage tied to economic growth. This research presents a compelling case for transitioning to a low-carbon future, drawing on renewable energy sources and proposing a roadmap to achieve both economic resilience and environmental sustainability. Our work serves as a call to action for policy-driven, cleaner energy investments to curb emissions and safeguard the planet. Full article

The global shift toward digital transformation presents both opportunities and challenges for national economies, particularly in terms of workforce readiness. While many studies assess digital readiness via infrastructure or technological adoption, fewer investigate the preparedness of countries’ future labor forces. This article addresses this research gap by examining how quality of education relates to job automation risk across OECD countries. The goal is to identify which nations are least prepared for digital disruption due to weak educational foundations and high automation exposure. Using data on education expenditure, PISA scores, and the Education Index, compared to the percentage of jobs at high risk of automation, this study applies correlational analysis and a quadrant overview to assess national readiness. Findings show that countries such as Slovakia, Poland, and Greece are least prepared, combining low investment in education and high exposure to automation. Conversely, nations like Finland, Norway, Sweden, and New Zealand exhibit strong readiness, characterized by robust education systems and lower automation risks. This study contributes to the literature by integrating automation vulnerability into national readiness assessments and offers actionable insights for policymakers focused on education reform and workforce development. Full article

This study investigates the long-run impact of digital transformation and fintech innovation on environmental sustainability across OECD countries from 1999 to 2024. Drawing on a novel empirical framework that integrates panel fully modified ordinary least squares, the system-generalized method of moments, and machine learning estimators, the analysis captures both linear and nonlinear dynamics while addressing heterogeneity, endogeneity, and structural complexity. Environmental sustainability is measured by per capita CO₂ emissions, while digital transformation and fintech innovation are proxied by secure internet servers and G06Q patent applications, respectively. The findings reveal that both digital infrastructure maturity and fintech-driven innovation significantly reduce carbon emissions, suggesting that technologically advanced digital ecosystems serve as effective instruments for climate mitigation. Robustness checks via the system-generalized method of moments confirm the stability of these relationships, while machine learning models—Random Forest and XGBoost—highlight digital variables as top predictors of emissions reduction. The convergence of results across estimation methods underscores the reliability of the digital–environmental nexus. Policy implications emphasize the need to embed sustainability metrics into digital strategies, promote green fintech regulation, and prepare labor markets for Industry 4.0 transitions. These findings position digital and fintech innovation not merely as enablers of economic growth, but as structural levers for achieving environmentally sustainable development in high-income economies. Full article

Divergences in tax policies are evident among European OECD economies, due to varying priorities of efficiency vs. equity, influenced by the forms of direct vs. indirect taxation. The special interest of this paper is to identify how different tax forms (direct—corporate and personal income taxes (CIT, PIT); and indirect—value added tax (VAT)) affect inequality in European OECD economies in the period 2003–2020. Using heterogeneous non-stationary panel models and the (Pooled) Mean Group (PMG/MG) methods of estimation, a long-run negative relationship between direct tax forms (CIT, PIT) and the Gini coefficient was discovered, meaning that utilizing progressive direct tax forms resulted in more equity. The error-correction terms are heterogeneous, showing that developed economies decrease income inequality by using direct taxes more efficiently than emerging European OECD economies. The short-run statistically significant relationships between VAT and the Gini coefficient are discovered, meaning that certain European OECD economies effectively use VAT revenue to achieve greater equity in society. This study demonstrates that the use of indirect tax forms may be beneficial in terms of collecting more tax revenues, and that using them for redistributive programs can reduce inequality while maintaining economic efficiency. Full article

This study examines the impact of housing price increases on income inequality using the dynamic system GMM for OECD countries (2010–2021). We test the hypothesis that housing price appreciation affects income distribution differently based on economic development levels and homeownership patterns. The analysis is conducted both for the entire sample and by dividing countries into two groups based on per capita income, Group 1 (16 countries) with below-median per capita GDP and Group 2 (17 countries) with above-median per capita GDP, to account to account for structural differences in housing markets, financial systems, and wealth accumulation mechanisms. The findings show that rising housing prices help reduce income inequality, especially in countries that are relatively low-income and where more low-income households own their homes. Specifically, our estimates indicate that a one-point increase in the housing price index leads to a statistically significant (p < 0.05) 0.21 percentage point reduction in the Gini change rate in lower-income countries. However, in higher-income countries, the effect of housing prices on inequality is statistically insignificant, suggesting that the relationship between housing markets and income inequality varies across different economic contexts. This insignificance likely stems from countervailing forces: while housing appreciation increases wealth for homeowners, higher housing costs may disproportionately burden lower-income households through rental markets in these economies. The findings highlight the importance of country-specific housing programs that consider homeownership patterns and financial market access in tackling inequality, along with comprehensive public social policies. Our study has implications for policymakers seeking to address inequality through housing market interventions, particularly during the post-2008 recovery period and into the early pandemic phase. Full article

This study examines the issue of fiscal sustainability—measured through the response of the budgetary balance to public debt levels—for 36 OECD countries and candidate countries, and it shows that the relationship is non-linear and depends on the level of the informal economy as a threshold variable. Using the Panel Smooth Transition Regression model, the analysis uncovers regime-dependent fiscal behavior, indicating that the effect of public debt on the budget deficit varies significantly under different economic conditions. In regime 1—at a low level of the informal economy-, the impact of debt on the budgetary deficit is negative and significant, but in regime 2—when the informal economy exceeds the transition threshold-, this impact becomes positive and significant. These results indicate that, in an economic context with a larger informal economy, debt may have a different effect on the budgetary deficit, possibly due to factors such as reduced fiscal efficiency or loss of government revenue. Therefore, fiscal sustainability can be affected by the level of the informal economy. Full article

Following the economic shocks of recent decades, characterized by the destabilization of markets and pressure on national economies, protectionist policies have seen a significant increase. Thus, anti-dumping has become a convenient and frequently used tool in the political game of trade. In the context of the transition toward a climate-neutral economy, anti-dumping measures have become a topic of great interest due to their indirect effects on CO₂ emissions. Often used to protect domestic industries from unfair trade practices, these measures influence trade and the geographical redistribution of production, contributing to the phenomenon of “carbon leakage”. By transferring emissions from countries with strict climate regulations to economies with more permissive standards, anti-dumping measures can undermine global efforts to reduce emissions. Trade policies are becoming, in this context, an important tool in regulating international trade. Consequently, the objective of this paper is to analyze the impacts of anti-dumping measures, primary energy consumption, and urbanization on CO₂ emissions in OECD countries for the period 2000–2021. The methodology used is based on dynamic A.R.D.L. models using panel data. Our results suggest that anti-dumping measures and primary energy consumption influence CO₂ emissions and are statistically significant, at least at the 10% level. The results of this study are useful to both policymakers and environmental authorities in developing trade policies that support both economic development and emission-reduction targets. Full article

This study examines the factors determining inward foreign direct investment (FDI) and its effects on productivity, ultimately contributing to economic growth. Using a two-step generalized method of moments (GMM) approach, we analyzed a panel of 84 countries, comprising 34 OECD and 50 non-OECD countries, from 2010 to 2019. The findings suggest that FDI positively impacts productivity and benefits both OECD and non-OECD countries. Economic freedom plays a significant role in attracting FDI, particularly in OECD countries, and contributes to economic growth in non-OECD countries. However, economic freedom alone does not guarantee strong economic growth in OECD countries but significantly enhances growth in non-OECD countries. The results also highlight that only economies with robust economic infrastructure and development levels benefit more from FDI. It appears that FDI by itself has no direct effect on output growth. Instead, the impact of FDI is contingent on the level of economic freedom in the host countries. This paper presents a key finding on how policy decisions influence the effects of foreign capital investment on productivity and income. It indicates that countries promoting economic freedom can more effectively leverage productivity gains from FDI. Full article

This study investigates how the relationship between firm-level corporate social responsibility (CSR) governance and corporate environmental performance (CEP) varies across diverse national contexts. Drawing on institutional theory, organizational adaptation theory, and the concept of institutional voids, we analyze an extensive dataset of 5326 firms from 26 OECD countries over a seven-year period (2013–2019). Employing panel data analysis, we examine the moderating effects of country-level factors on the CSR governance–CEP relationship. Our findings reveal a significant positive association between a firm’s CSR governance quality and environmental performance, which is notably stronger in countries characterized by weaker environmental governance, less prominent societal environmental values, and fewer climate mitigation laws and policies. These results suggest that firms with strong CSR governance effectively fill institutional voids in environmental governance, going beyond mere compliance to drive environmental performance improvements where external pressures are weak. Our study contributes to the literature by advancing the current understanding of the contextual nature of CSR, extending the application of institutional void theory to environmental governance landscapes in developed economies, and providing a more nuanced perspective on when and where CSR governance matters most for environmental outcomes. These insights offer valuable implications for managers in diverse institutional contexts and for policymakers seeking to enhance corporate environmental performance through complementary governance mechanisms. Full article

While the trend of de-religiousization has accelerated globally, Korean Buddhism has become very hip around the world. While it was traditionally known as a symbol of a solemn and old religion, with its innovative transformation, Korean Buddhism has gained wide popularity in friendly and trendy atmospheres, especially among people in their 20s and 30s in Korea and abroad, regardless of religion. Thus, Korean Buddhism has a cultural affinity beyond religion, nationality, age, and gender. At the center of this popularization of Buddhism, there exists “Templestay”. Templestay is defined as staying in a Korean temple and experiencing traditional Korean culture, the spirit of Buddhist practice, the natural environment, and the daily life of temples. Templestay was selected as one of the world’s top five most successfully developed tourism and cultural resources by the Organization for Economic Cooperation and Development (OECD), and one of the top 10 icons representing Korea according to the Republic of Korea’s Presidential Council on Nation Branding. Thus, Templestay is not just a Buddhist cultural experience but has been officially recognized as a sustainable global cultural product representing Korea with a history of 1700 years, where a global cultural product is defined as a cultural product that is shared on a global level. Considering Templestay’s wide global popularity, as well as its significant impact on the national economy, tourism, and cultural succession, with over 7 million participants, it is important to investigate Templestay from the perspective of sustainable management, such as CSR, CSV, and ESG. However, while a few studies exist on Templestay, the theoretical aspects of Templestay as a subject of sustainable management have not been sufficiently developed, since most research on Templestay has focused on the perspectives of religion or visitor experiences. Thus, by focusing on Manggyeongsansa Templestay, which was selected as one of the best Korean temples among the 150 temples offering Templestay in 2023, the findings from this case study provide significant implications and practical guidelines for the sustainable management of global cultural products to address fundamental issues from an angle that has not been covered sufficiently. Full article

Türkiye is making great efforts to generate new projects within the scope of the “Türkiye Century” strategy, with the aim of increasing its effectiveness in the international community and the welfare of its citizens. In this respect, it is of great importance to conduct new studies and develop suggestions to further increase the effectiveness of new projects. This study seeks to provide a solution to the problems in politics, education, economy, public administration, justice, and corruption identified and reported by international organizations such as the OECD, the European Union, and the public institutions of the Republic of Türkiye, by associating them with the Society 5.0 strategy. The study aims to test the applicability of Society 5.0 in solving these problems through structural equation modeling using niche innovation and convergent stakeholder theories. In the light of the data obtained, it is realized that Society 5.0 has an effect on all the other variables except for one and the policy variable mediates this situation. In this regard, in accordance with the findings, it can be stated that Society 5.0 can be regarded as a significant alternative for solving the problems experienced on a suitable political basis. Full article

Foreign direct investment (FDI) is essential for enhancing economic resilience and promoting sustainable development. However, inefficiencies in financial connectivity and capital allocation have hindered the facilitation of FDI. Bank linkages between countries in the global sectors of multinational enterprises (MNEs) offer potential solutions to these challenges. In this paper, we focus on whether sustainable FDI can benefit from consolidating bank linkages, which are measured for each pair of countries in each year as the number of bank pairs in both countries that are connected through cross-border syndicated lending. Using the gravity model, we provide empirical evidence based on cross-border data to support the following conclusions: (1) Bank linkages can sustainably enhance the host country’s attractiveness to FDI through information, external financing, and international financial services channels. (2) This positive effect is pronounced in host countries with lower financial development, weaker institution quality, and higher investment risk while remaining insignificant for OECD countries. (3) Bank linkages exhibit a lagged impact on FDI, but newly established bank linkages are more conducive to inward FDI than those established earlier. In this paper, we offer some policy implications for emerging economies and suggest that emerging economies should continue to deepen their financial openness and strengthen international bank links through various means to attract more inward FDI. Full article

The article mainly examines spatial diversification of the green economy in EU countries in 2014 and 2021 in the context of the energy transformation process. In the theoretical part of the work, the green economy concept, with reference to the conditions of the green energy, was analyzed. The research procedure used in the article is based on multidimensional comparative analysis. The empirical verification was conducted using green economy indicators that are published periodically by the OECD and Eurostat. Based on 21 indicators, a synthetic green economy index was designed for 27 EU member states. In the selected set of detailed indicators, those related to green energy economy played an important role. This approach allowed for the creation of rankings and comparisons between EU countries in 2014 and 2021, i.e., the implementation period of the Europe 2020 Strategy. In this period, the priority areas of EU development were: the low-carbon economy, including the use of renewable energy sources and improvement of energy efficiency, as well as the introduction of eco-innovation. Green energy should be the basis for the functioning of highly developed countries and socio-economic progress in the case of developing countries. Based on the analysis, a large discrepancy in terms of green economy was observed in the examined countries. Particular attention was paid to disproportions in the area of green energy. The average value of the synthetic measure of the green economy in the EU countries increased in the studied years from 0.4488 to 0.4529, which can be interpreted as a slight acceleration in the greening processes. The added value of the research presented in the paper and its novelty is the analysis of the current patterns of green transformation in EU member states, with particular emphasis on energy factors. Full article

The contemporary process of economic development necessitates a heightened focus on matters of sustainability, with a particular emphasis on sustainable energy policy. This is of paramount importance for the protection of the natural environment and the achievement of long-term economic growth. In the context of countries such as the Czech Republic and Poland, which have historically relied on high-carbon energy sources, the transition to a more sustainable energy system represents a significant challenge. The objective of this paper is to undertake a comparative analysis of the trends in energy sustainability in the Czech Republic and Poland from 2017 to 2021, with a particular focus on key performance indicators. The analysis, based on data from the OECD database, revealed notable discrepancies in the rate of change between the two countries, with Poland exhibiting a more pronounced surge in the proportion of renewable energy sources (RES). A Student’s t-test confirmed the existence of statistically significant differences in key indicators between the Czech Republic and Poland, thereby underscoring the diverse challenges that both countries encounter in their pursuit of sustainable energy development. The Granger causality test was employed to ascertain whether variables exhibit temporal relationships that may suggest potential correlations. However, it is important to note that this test does not prove direct causality, but rather indicates that the variables are related at a specific point in time. Interpretation of the results must be undertaken with caution, as the test does not account for the full complexity of relationships between variables, including external factors and structural changes in the economy. Meanwhile, the LMDI decomposition analysis identified the principal drivers of alterations in CO₂ emissions. The findings indicate that, despite advancements in sustainable energy development, Poland and the Czech Republic are confronted with distinctive challenges that necessitate the implementation of tailored policy responses. It is therefore recommended that further investment in renewable energy and the modernisation of energy infrastructure be made in order to achieve long-term sustainability goals. Full article