Based on corrected nighttime light data and firm-level data from 1998 to 2010, we use an urban sprawl index that properly captures the subtle differences in density distribution within cities, extend a hyperbolic distance specification within a parametric stochastic framework to the analysis of...

This paper investigates the link between corporate investments, eco-nomic policy uncertainty and the quality of institutional environments. The corporate investments of private firms in 10 European countries from 2009 to 2018 were examined and a negative effect of economic policy uncertainty on...

We investigate how formal institutional distance (FID) moderates the cultural distance (CD) and financial performance relationships of foreign subsidiaries of firms. Following recent research, we estimate the asymmetric effects of CD by considering its size and direction towards host countries...

Kazakhstan is a major emitter of greenhouse gases and also highly vulnerable to climate change. This highlights the urgent need for coordinated efforts in climate mitigation and adaptation. In 2022, Kazakhstan's emissions reached 353.0 million tons of CO2 equivalent, with per capita emissions...

As the global community nears critical milestones in achieving the Sustainable Development Goals (SDGs), the interplay of dynamic forces continues to reshape progress trajectories. This study explores the advancement of SDG 8 targets ("Decent Work and Economic Growth") through the lens of three...

This study investigates the impact of financial development (FD) on energy security risk (ESR) in 48 Belt and Road Initiative (BRI) countries from 1948 to 2022, emphasizing the roles of human capital (HC) and institutional quality (IQ). Findings reveal that FD significantly influences ESR, with...

This study investigated the impact of corruption on the persistence of informality across countries, offering new insights into the institutional dynamics that sustain informal economic activities. Drawing on firm-level data from World Bank Enterprise Surveys covering 159 countries, the analysis...

Hierarchies are common in political settings. From judges to elected politicians, as well as from activists to bureaucrats, political agents compete for promotion to higher positions. This paper studies political tournaments and their impact on two aspects of political performance:...

China's robust economic growth serves as a key driver propelling the global economy forward. As such, understanding the factors influencing its sustainable economic growth remains a critical concern for stakeholders. In this context, this study aims to investigate the key determinants of China's...

This article examines how corruption operates as a gendered informal institution that restricts women’s substantive political empowerment in post-socialist democracies. Focusing on North Macedonia, we argue that clientelism and male-dominated party networks function as gatekeeping mechanisms...

This paper examines how the legacy of socialist regime in countries of Central and Eastern Europe has affected innovation and R&D cooperation and compares this to Western Europe. Our analysis reveals that the negative impact of socialism on innovation Central and Eastern European countries is...

This study examines whether green growth and institutional quality index (i.e. anti-corruption, political stability, rule of law, voice and accountability, regulatory quality and government effectiveness) of selected 40 countries increase or reduce carbon dioxide (CO2) emissions from 2000 to...

The study aims to investigate the perceived institutional barriers of migrant entrepreneurship faced in a new destination host country and the abilities of local authorities to support migrant entrepreneurship.We applied the qualitative research method based on the focus group discussions....

The crucial importance of institutions for economic and social development has become part of the conventional wisdom in economics. In recent years, economists have become particularly interested in the potential role of informal institutions but measuring them remains a serious challenge. This...

This study aims to examine the fundamental determinants of economic growth in G20 countries in the context of institutional structure, innovation, and education. The significance of the research lies in revealing that sustainable economic growth is shaped not only by traditional macroeconomic...

Financial inclusion has recently emerged as an important pillar for sustainable economic growth, poverty eradication, and social transformation globally. While the effects of institutional quality on financial inclusion have been widely investigated, their long-term effects have largely been...