The Common Agricultural Policy (CAP) is a cornerstone policy of the European Union, increasingly focused on promoting environmentally sustainable practices. In 2014, the CAP introduced Greening payments and a crop diversification requirement to enhance soil resilience and mitigate ecosystem...

The toolkit provides practical knowledge about systemic integration of economic diversification into policy making with a focus on tools and examples, as well as an overview of the key sectors for future development.

Recent evidence shows that imports of critical products can be concentrated on a small number of supplier countries. Such supplies are therefore vulnerable to disruption, whether because unfriendly governments seek to weaponize dependency or for other reasons. In a laissez-faire equilibrium,...

The European Union's common agricultural policy (CAP) has undergone significant transformations in recent years, with a growing emphasis on environmental sustainability. Evaluating the effectiveness of CAP interventions is a way to learn from the past and support future policy planning.

Purpose - this paper adopts the mean-variance approach in optimizing portfolios within the Colombian capital market, a setting full of complications such as lack of liquidity and market concentration. It delivers actionable messages for emerging market stakeholders and formulates guidance aimed...

This study investigates how the economic structure of host regions shapes the labor market impacts of refugee inflows, focusing on the case of the Syrian refugee influx into Germany in 2014-2015. Utilizing a fuzzy difference-in-differences approach, the analysis introduces a novel measure of...

Vietnam's path to sustainable and innovative growth increasingly depends on how effectively it diversifies and repositions its export portfolio in the global market, or how the country "brand" itself through its exports to the world. Using data from UN Comtrade, we construct the Product Space...

Industry is the main source of carbon emissions, and reducing emissions is closely linked to advancing carbon neutrality. Moreover, technological innovation is crucial for industrial low-carbon development. This study uses provincial panel data from China covering 2010 to 2023 and employs the...

This paper develops a new multi-country and multi-sector general equilibrium trade model to analyze extent to which the diversification of sources of imports mitigates the impact of adverse trade shocks. The model incorporates trade network rigidities arising from frictions in goods, labor, and...

Although Angola has made advances in its diversification efforts, the economy continues to be heavily dependent on crude oil with 94 percent of exports and 60 percent of fiscal revenues being attributable to oil activity. This paper discusses four policy areas which can help foster economic...

The transition to a vibrant economy under Oman Vision 2040 and the urgency to develop a more dynamic private sector that can absorb the entry of a young and educated labor force both stress the need to empower SMEs, which play a large role in supporting job creation and nonhydrocarbon activity...

We examine growth strategies for the Pacific Island Countries (PICs) focusing on the role of tourism and diversification. First, we quantify the contribution of tourism to growth using panel regressions and we compute how much additional tourism would be needed for PICs to sustain comparators'...

Prompted by the urgent need for a timely and orderly transition away from coal power, this paper critically examines the prospects for repowering coal-fired power plants with nuclear energy in China. While existing studies often adopt a technology-centric perspective that highlights the...

Vietnam’s path to sustainable and innovative growth increasingly depends on how effectively it diversifies and repositions its export portfolio in the global market, or how the country “brand” itself through its exports to the world. Using data from UN Comtrade, we construct the Product...

I examine how governments have managed their holdings of gold and dollar reserves in recent decades, a period when gold's share of aggregate international reserves rose and the dollar's share fell. Using data on central banks’ reserve currency composition and official sector purchases of U.S....

This study explores how micro, small, and medium-sized enterprises (MSMEs) can improve their performance in the aftermath of a crisis by effectively managing their resources, encouraging innovation, and diversifying their operations. Drawing on Resource Orchestration Theory (ROT), this study...

The study aimed to identify economic risks, in particular the impact of currency fluctuations, inflation and changes in tax policy on the financial security of Ukrainian agricultural enterprises. The data of such companies as Myronivsky Hliboproduct, Kernel and Slobozhansky Agrocombine were...

In recent years, the management research has increasingly discussed service transition. However, studies have not used sufficiently granular empirical data for valid quantitative evaluation of service-intensive strategies by, for example, examining the possible effects of resource slack on firm...

Although the Middle East is often perceived as politically, economically, and socially unstable, Saudi Arabia offers a different narrative. Inspired by the country's vision (Vision 2030) and the growing body of research exploring its socio-economic transformation, this article examines how...

The increasing share of intermittent renewable energy generation amplifies power price volatility, raising the need for storage technologies such as battery energy storage systems (BESS). However, limited transmission infrastructure, particularly constrained grid connections, poses a major...