The shadow economy, which can be defined as undeclared economic activities carried out in secret from public authorities,, and that cause negativities such as tax losses outside of official economic activities, has become a part of the economic activities of both developed and devel-oping...

Start-ups are an important component of driving context-sensitive sustainable development in emerging markets based on domestic innovation. However, knowledge on how best to support the capabilities, networks and access to finance of such ventures is limited, specifically in emerging markets. In...

Structural transformation is a central driver of economic development, yet recent challenges such as premature deindustrialization have raised critical questions about whether low-income economies can still follow traditional growth paths that rely on manufacturing expansion to drive...

Entrepreneurship aims to contribute significantly to economic development, a trend that has been progressively growing over time. Nonetheless, female entrepreneurs continue to face substantial challenges, including limited access to financial resources and sociocultural barriers. The influence...

This study investigates how skilled labor influences the development of the secondary sector in emerging economies, using China as a case study. We focus on the transitional process in which manufacturing growth shifts from labor-intensive expansion toward productivity-driven industrial...

Emerging economies confront the dual challenge of accelerating digital transformation while simultaneously mitigating environmental degradation under conditions of institutional and governance heterogeneity. In this context, this study examines how artificial intelligence (AI) capability...

Transition to renewable energy leads to assumed economic diversification; however, the institutional risks for hydrocarbon-dependent economies remain high. This paper identifies the conditions under which transitioning economies enter a novel dependency during the renewable transition. Our...

This paper extends the gravity model to financial markets by examining how distance and bilateral linkages influence stock market correlations between the United States and selected emerging economies. To this end, the Poisson Pseudo Maximum Likelihood (PPML) estimator is used to account for...

This paper investigates how external shocks propagate through fiscal transmission mechanisms in a commodity-dependent economy within a dynamic macroeconomic framework. The study contributes to the literature on macroeconomic fluctuations by examining the interaction between external revenue...

Purpose: This study examines the impact of continuous improvement practices and emerging technologies on business performance in the service sector of an emerging economy. It seeks to identify whether these factors contribute positively to competitiveness and how their effects compare to...

E-government adoption rates in emerging economies remain persistently low despite substantial infrastructure investments. Understanding adoption drivers requires synthesizing fragmented empirical evidence on technology acceptance and service quality factors across diverse contexts. Purpose: This...

Can college-educated women in rapidly developing economies balance career and family, or does compressed economic growth polarize their choices? This paper investigates how Indonesian women navigate these dual objectives across birth cohorts from the 1950s to the 1990s. It utilizes 38 years of...

This note serves as a foundational resource for exploring the dynamics and potential of addressing urban challenges in low- and middle-income countries (L&MICs) through rooftop solar PV adoption. It outlines the critical decision-making factors necessary for understanding the contexts in which...

This paper examines the asymmetric impact of economic policy uncertainty (EPU) on exchange rate volatility across a sample of developed and emerging economies. Using an asymmetric GARCH-MIDAS model, volatility is decomposed into short-term and long-term components, with the latter associated...

Administrative strategies are essential for ensuring efficiency and effectiveness in public institutions, particularly in the context of low- and middle-income countries where governance challenges and resource constraints persist. This study analyzes the relationship between organizational...

Institutions play a central role in shaping entrepreneurial behavior, yet much of the existing literature, even with the foundational insights of institutional economists such as Veblen, Mitchell, Commons, Coase, Ostrom, Williamson, and North, continues to view institutions as monolithic...

Entrepreneurship education (EE) is increasingly considered an important tool in promoting sustainable economic development, yet the empirical base for its effect on entrepreneurial intention (EI) is dispersed and not consistent. However, the literature fails to address EE as a direct antecedent...

This study examines the impact of key governance dimensions on public budget rationalization in Palestine from 2002 to 2023. Utilizing Legitimacy Theory, the research assesses how institutional quality affects fiscal outcomes, including revenues, expenditures, net lending, and budget balance....

Interest rate spreads vary widely across time and countries and are a central driver of business cycles in emerging market economies (EMEs). Since 2008, advanced market economies (AMEs) have exhibited persistently higher and more volatile spreads, alongside increased macroeconomic volatility and...

The rapid expansion of the digital economy is reshaping the global production and trade system, bringing new opportunities for developing economies seeking to enhance their international competitiveness, while also posing structural challenges. This study focuses on China, a typical emerging...

Climate change disproportionately threatens low- and middle-income countries, yet integrated assessments combining socio-economic fragility with physical hazards remain limited. This study quantifies multi-dimensional climate vulnerability and derives optimized adaptation policies for six...

This paper examines how shifts in investor demand influence firm financing and investment decisions. For identification, the paper exploits a large-scale MSCI methodo logical reform that mechanically redefined the stock weights in major international equity benchmark indexes, changing the...

Commodity-exporting economies, such as South Africa, are susceptible to wide fluctuations in their business cycles, closely tied to commodity price fluctuations. In this research, we develop a prototype dynamic stochastic general equilibrium (DSGE) model with specific features for emerging small...

This study investigates whether Corporate Social Responsibility Disclosure (CSRD) serves as a risk-mitigating or cost-inducing signal for firms' market value in an emerging market. Utilising a panel dataset of 120 companies listed on the Tehran Stock Exchange (2015-2023) and employing content...

This study provides sector-level insights to inform energy strategies consistent with SDG 7 and SDG 13. Drawing on a panel of 43 emerging and developing economies (1998-2020), we estimate a GMM panel vector autoregression (PVAR) linking foreign direct investment, sectoral GDP, energy demand, and...

This study explores the influence of environmental, social, and governance (ESG) scores on dividend policies, additionally examining the role of sustainability committee as a moderating factor. This study employed the ordinary least squares (OLS), generalized methods of moments (GMM), 2SLS, and...

In an era of fragmented global production and domestic decentralization, middle-income countries confront the complex challenge of industrial upgrading. While national governments remain central to industrial policy design and funding, upgrading unfolds through multi-level interactions between...