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...

Using Global Entrepreneurship Monitor and World Bank data, we produce a novel estimation for the prevalence of informal entrepreneurship in 60 countries in the period 2006- 2022. Using a real option framework, we test the effect of business regulation, property rights protection, and the rule of...

Against the backdrop of unprecedented global FDI volatility-with flows declining 34.7% in 2020 and a further 12% in 2022-and China experiencing its first sustained capital outflow since reform, with foreign enterprises withdrawing over USD 160 billion in the first three quarters of 2023,...

Do criminal groups which help maintain order strengthen the fiscal contract or weaken it? This paper examines how the presence of organized-crime groups shapes Mexican municipalities' ability to collect revenue, deliver public goods, and earn citizens' trust. Survey data show that residents...

Purpose The study examines the impact of macroeconomic risk and volatility associated with key macroeconomic indicators on financial market uncertainty; and the extent to which governance and institutional structures moderate such relationships. Design/methodology/approach The study employs data...

This study investigates factors shaping FDI inflows in the MENA region from 1996 to 2021, employing static and dynamic panel data models. A composite institutional quality index, created via Principal Component Analysis, reveals a positive long-term effect on FDI. However, voice and...

Pro-cyclical fiscal policy is considered harmful. Nonetheless, pro-cyclicality is widespread and the cyclicality of fiscal policy isstrongly heterogenous in advanced economies. This paper investigates how differences in the cyclicality of fiscal policy can be understood through the lens of...

This study distinguishes between observed, uncertain, and stochastic uncertain firm growth. Observed firm growth is measured via historical growth of fixed assets scaled by growth of sales revenue. Uncertain firm growth is the volatility of unobserved (estimated error terms) firm growth. The...

We adopt the theory of institutional change to investigate whether institutional review is instrumental or ceremonial, focusing on the role of institutional policy in horizontally integrating the enterprise. We conduct a qualitative multiple case study, examining a case at a United States...