This research examines impacts of austerity on the political instability in the European Union, defined as elevated levels of electoral volatility and ideological polarization. By analyzing macroeconomic theories that elucidate the effects of austerity on citizens' wealth and the national...

This study explores how energy price inflation affects supply chain pressures under different levels of political uncertainty. Using local projection impulse-response functions, we examine the effects of oil price shocks under two regimes: one with above-average levels of political uncertainty...

This paper empirically examines how foreign technologies impact firms' product innovation; specifically, we consider the moderating effects of perceived political instability and informal competition. This study uses the strategy tripod view theory to develop a novel theoretical model to explain...

With the Green Deal and the energy crisis caused by Russia's war in Ukraine, the EU has accelerated the transition towards importing renew able energy, including green hydrogen, from North Africa. EU decision-makers portray the energy transition as a win-win situation, while civil society actors...

Purpose - Political factors play a crucial role in China's initial public offering (IPO) market due to its distinctive institutional context (i.e. "economic decentralization" and "political centralization"). Given the significant level of IPO underpricing in China, we examine the impact of local...

Home to more than 1 billion people, the 39 emerging market and developing economies (EMDEs) classified as being in fragile and conflict-affected situations (FCS) are plagued by instability and weak institutions. This hinders their ability to attain the robust, sustained economic growth needed...

Taxation is often described as the material expression of the social contract. However, this conceptualization largely reflects the Anglo-European experience and provides limited explanatory power for analysing taxation in African states, which did not experience the type of state-society...

The most of Sub-Saharan African (SSA) countries have been affected by climate change and food insecurity problems due to the reduction of production and productivity of cereal crops in the continent. The purpose of this research was to examine the short-run and long-run effects of climate change...

The impact of political stability and economic growth on foreign direct investment (FDI) is analysed using a quantitative regression approach in countries of the Gulf Cooperation Council (GCC).The study used panel data covering the period 1995-2020, involving six GCC countries, and applied...

It is widely accepted that episodes of social unrest, conflict, political tensions and policy uncertainty affect the economy. Nevertheless, the real-time dimension of such relationships is less studied, and it remains unclear how to incorporate them in a forecasting framework. This can be partly...

Political instability has increased drastically in Pakistan during the last few decades. This may intensify the fear of investors and eventually affect investment decisions. Therefore, the stock market's reaction to political stability must be explored and appropriate policy measures should be...

This research paper aims to explore the complex relationship between entrepreneurship (REE), economic growth (GDP), and the moderating role of political stability (PS) in the context of the Gulf Cooperation Council (GCC) countries. Utilizing a balanced panel dataset from 2006 to 2020, we...

This study investigates the impact of terrorism on financial markets, focusing specifically on Turkey's sovereign Credit Default Swap (CDS) premiums from 2011 to 2017 - period characterized by frequent and diverse terrorist activities. Employing an EGARCH model with dummy variables for various...

This study analyses the impact of political stability and other customary covariates, namely, bank-specific, industry-specific, and macroeconomic determinants on the profitability of banking sector in Ethiopia using two-step system GMM estimator. The study employed a panel data of 17 commercial...

This study analyzes the determinants of green economic growth in OECD countries, focusing on the role of technological innovation, clean energy adoption, environmental innovation, and political stability. Employing panel data analysis techniques, including Dynamic Seemingly Unrelated Regression...

Foreign direct investment (FDI) has powered prosperity in developing countries for decades. Yet FDI, once a reliable contributor to economic growth, a conduit for the transfer of technology and innovation, and a link to domestic and international markets, has slowed in recent years as shocks...

This study assesses the impact of two revolutions—the Tulip Revolution in 2005 and the Melon Revolution in 2010—on household food demand in Kyrgyzstan. Different categories within food products witnessed distinct adjustments in consumer demand. Employing a complete demand system and...

We investigate whether European banks adjust their loan prices and volumes of new lending in the months running up to major national elections. Using a unique dataset that draws on data covering some 250 banksin 19 Eurozone countries from 2010 to 2020 at monthly frequency, and that includes...

We study a model in which two players with opposing interests try to alter a status quo through instability-generating actions. We show that instability can be used to secure longer-term durable changes, even if it is costly to generate and does not generate short-term gains. In equilibrium,...