402 Results Found

For the last three decades, ASEAN has been facing a persistent fiscal deficit. However, the impact of fiscal deficit on the current account deficit in the sub-groups of ASEAN is still unknown. This study aims to investigate the impact of fiscal defic...

This study aims to examine the link between foreign direct investment (FDI) inflows and economic growth, also considering several institutional quality variables, as well as sustainable development goals (SDGs) set in the 2030 Agenda for Sustainable...

The objective of this study is to investigate the nexus between financial development (FD) in economic growth (GROWTH) in developing countries. The study uses panel data from 138 developing countries during the period 1980–2018. The relationship betw...

Energy is considered a critical driver of social and economic progress, but the use of conventional energy from fossil fuel sources is viewed as the main contributor to greenhouse gases that cause global warming. To overcome such issues, renewable en...

Background: From a causal point of view, there exists a set of socioeconomic indicators concerning life expectancy. The objective of this paper is to determine the indicators which exhibit a relation of causality with life expectancy at birth. Method...

This paper focuses on an empirical analysis of the relationship between investing and saving, taking into account various economic regions. The economic aggregates are selected following the International Monetary Fund (IMF) standard classification....

The aim of this research was to examine the causal link between terrorism and FDI in tourism on the example of a panel of 50 countries for the period from 2000 to 2016. Other control variables were included in order to ensure the validity of the resu...

In this study, the linkage between tourism activity and economic development in 21 European countries is analyzed. The data are collected on an annual basis and cover the years from 1995 to 2017. The main purpose is to investigate empirically if ther...

As the fourth industrial revolution drives innovation and economic growth, the energy sector is increasingly recognized for its significant economic contribution. This research aims to investigate the relationship between economic growth and renewabl...

This study re-examined the effect of official development assistance (ODA) of five major donor countries (France, Germany, Japan, the United Kingdom, and the United States) on foreign direct investment (FDI) using panel data from 2003 to 2020. In add...

The countries of Central and Eastern Europe, from the non-euro area, have completed the process of economic transition before joining the European Union. Achieving a certain level of economic development and membership in the European Union have gene...

This paper studies the convergence of environmental sustainability and its main determinants in selected American countries. In addition, it studies the impact of economic activity, income inequality, trade openness, and innovative activity on the su...

Nighttime light data are often used to estimate some socioeconomic indicators, such as energy consumption, GDP, population, etc. However, whether there is a causal relationship between them needs further study. In this paper, we propose a causal-effe...

The goal of this study is to explore the causal relationship between food (in)security and life satisfaction in a global setting. We explore this relationship using conventional ordinary least squares (OLS) regression and instrumental variable two-st...

Decentralized finance (DeFi) protocols use blockchain-based tools to mimic banking, investment and trading solutions and provide a viable framework that creates incentives and conditions for the development of an alternative financial services market...

The COVID-19 pandemic has been shown dire consequences for the global economy, not only in the past and present but also in the future. These consequences are not only humanitarian but also financial and economic. This article raises the question of...

Economic policy uncertainty is an important macroeconomic risk factor that can have direct effects on investment decisions, growth dynamics, and public finance. In particular, its potential impact on tax revenue is critical in terms of fiscal sustain...

The future of opencast mining and energy production based on conventional resources is one of the most important issues being discussed in international forums. The whole discussion is becoming increasingly heated and takes on a special significance...

This study investigates the relationship between trade credit and sustainable economic growth, bank credit extension, and imports in the context of 15 European non-financial sectors spanning 2005Q1 to 2019Q2. Furthermore, it attempts to unveil the no...

This paper investigates the relationship between geothermal energy consumption, economic growth, and foreign direct investments in countries where geothermal energy production is possible. Panel Fourier Granger causality and panel Fourier Toda–...

Using a sample of province-level panel data, this paper investigates the Granger causality associations among economic growth (GDP), foreign direct investment (FDI) and CO₂ emissions in China. By applying the bootstrap Granger panel causality approac...

This study aims to investigate whether energy consumption, human capital and financial development played an important role in economic growth using a panel dataset of six ASEAN countries over the period 1995–2017. Various econometric technique...

The main objective of this study is to investigate the causal relationship between tourism development and economic growth in Gulf Cooperation Council (GCC) countries in a multivariate model, using panel data for the period 1995–2012. The study adopt...

In this article, the relationship between energy consumption and economic growth is examined from the viewpoint of China’s industrial sectors. Panel data from 37 industrial sectors in China covering the period from 1998 to 2010 was used in this stud...

Policymakers are looking at renewable energy as a substitute for traditional fossil fuels due to the growing concern about climate change and sustainable development. However, in the case of Asian countries, nothing is known about how ICT trade and f...

This study aimed to determine the impact of economic policy uncertainty and geopolitical risk on environmental quality in 17 selected countries. In addition, it also aimed to test the environmental Kuznets curve hypothesis (EKC) within the scope of t...

This study aims to explore the causal relationship between fiscal deficit (FD) and current account deficit (CAD) along with policy recommendations based on long-run and short-run dynamics and sensitivities. A panel data span from 1990 to 2019 is anal...

The aim of this study is to investigate the effect of health expenditures on economic growth in the period 2000–2019 in 27 European Union (EU) countries. First, the causality relationship between the variables was analyzed using the panel Fouri...

This study aims to examine the dynamic connection among economic growth, CO₂ emissions, energy consumption, and foreign direct investments (FDIs). The panel section considers the period of 2000–2020 for 25 EU Member States excluding Malta and C...

Developing energy from renewable sources and modernizing the energy system are critical components of China’s efforts to combat climate change. Policymakers and authorities have made significant attempts to bring them. However, one of the major...

The purpose of this study is to shed light on the nexus between electricity supply and economic growth in South Asian countries during 1990–2018. The study employs Pedroni’s panel cointegration test as well as Dumitrescu and Hurlin’...

This study examined the nexus between economic growth, energy consumption, and the environment with the moderating role of agricultural value addition and forest in Africa based on data sourced from 1980 to 2019. We employed both the time domain and...

This study used panel data covering 27 years to investigate the causality between regional stock exchange development and economic growth in the West African Economic and Monetary Union (WAEMU) countries. We performed a homogeneous Granger non-causal...

The aim of this study is to examine the impact of developments in the insurance sector on economic growth. This study examines an annual dataset spanning 1992 to 2022 from ten countries within the G-20 economies, for which data is reliably accessible...

The purpose of this paper is to investigate the causality between good public governance captured through six World Bank governance indicators and unemployment rate (unemployment as % of the total labour force) as a clear indicator of labour market p...

Both developed and developing countries increased their energy consumption while continuing to advance economically and financially. In parallel with increasing energy use, the intensification of anthropogenic activities has led to higher greenhouse...

This paper examines the nexus between financial inclusion and financial innovation while incorporating financial development and remittance inflows in the case of six South Asian countries—Bangladesh, India, Pakistan, Nepal, Bhutan, and Srilank...

Panel data show that between 2001 and 2014 Norwegian industries’ increasing aggregated operating profits per employee increased average wages and wage inequality. The data imply that increasing profits, perhaps unsurprisingly, induce a wage premium....

This study investigates the role of governance in inclusive human development in the case of twenty-four selected Asian countries, using panel data for the time period from 2010 to 2017. The inequality-adjusted human development index, developed by t...

The construction of tourist attractions has become an important manifestation of local performance and the image of tourist destinations, as well as an important means for local governments to promote economic development. However, the causal relatio...

Corruption reflects a set of illegal activities that jeopardize the smooth functioning of economies, society, and climate and environmental issues. This article tests the relationships between economic growth, corruption, renewable energies, internat...

Agricultural insurance and green agriculture are strongly related. Agricultural insurance not only motivates farmers to adopt environmentally friendly production technology and enhances the effectiveness of production, but it also accomplishes the go...

Global warming has become the main concern in the current world; increased CO₂ emissions are believed to be the main reason for this climate change. Therefore, this study investigates the impacts of energy consumption, economic growth, financial deve...

Today, banks, which act as financial intermediaries, ensure the growth of the economy. Banks, being a channel in monetary policies and monetary issues, are effective institutions in ensuring sustainable macroeconomic stability. In addition, banks are...

This study examines the emerging challenge of how income inequality affects household energy consumption within the European Union amidst the ongoing energy crisis. Using the Gini index and the gender pay gap as indicators of income inequality, the a...

Blue Economy represents a new and interesting concept on a global level, both from the economic potential but also by the fact that it can be used to reduce environmental degradation. The main goal of this research is to identify the causality relati...

This paper examines the causal relationship between human capital and economic factors in BRICS countries using a panel vector autoregressive model and data from 1997 to 2020. The economic factors considered include foreign direct investment (FDI), i...

This study examines how the dynamic efficiency of public policy influences the export performance of bioenergy technologies in the short and long run using panel data over the 1995–2012 period for 16 countries that are members of the OECD. Various dy...

This study quantitatively investigated the relationship between climate change (proxied by CO₂ emissions), air pollution (proxied by PM2.5 concentration levels and PM10 and SO₂ emissions), and tourism flows (proxied by inbound and domestic tourist ar...

This study examines the relationship between government spending on sports and recreation and economic growth based on two distinct views: Wagner’s Law and Keynesian theory. While previous research has largely focused on total government spendi...