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Energy transition and the role of circular supply chains: toward resource efficiency and sustainable economic practices Econ. Change Restruct. (IF 1.708) Pub Date : 2024-03-13 Liang Cheng
This study examines the various complex elements essential for shifting toward a circular economy (CE). Panel data from 27 European Union (EU) countries and the UK are utilized for this purpose. This research investigates the convergence of socioeconomic, environmental, institutional, and demographic elements, specifically focusing on the environmental deterioration, inequity, and asymmetry that have
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Fostering sustainability: integrating social responsibility, green finance, and corporate performance Econ. Change Restruct. (IF 1.708) Pub Date : 2024-03-11
Abstract This study delves into the interrelationship between corporate social responsibility (CSR) and green finance, investigating their collective impact on corporate performance through a comprehensive survey spanning various industries, business years, and company sizes. Advanced analytical tools, including SmartPLS and SPSS Impact, were employed in this research. The findings highlight that green
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Does banking sector support for achieving the sustainable development goals affect bank loan loss provisions? International evidence Econ. Change Restruct. (IF 1.708) Pub Date : 2024-03-11 Peterson K. Ozili
This study investigates whether banking sector support for the realization of the SDGs affects bank loan loss provisions (LLPs). Using country-level data for 28 countries from 2011 to 2018 and using the panel fixed effect regression estimation method, it was found that banking sector support for achieving SDG7 and SDG10 leads to a significant decrease in bank loan loss provisions. Banks that support
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Sustainable energy utility investment role in energy transformation progress: case of Mongolia Econ. Change Restruct. (IF 1.708) Pub Date : 2024-03-08 Huimin Jia, Yanqiu Wu
In response to the global imperative for sustainable energy, understanding the determinants of investments in sustainable utilities becomes crucial. This study focuses on exploring these factors in the context of Mongolia, covering the years 1980 to 2021 and utilizing the autoregressive distributed lag technique. Findings reveal that an increase in the consumer price index has a detrimental impact
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Unraveling the interplay of financial inclusion, stability, and shadow banking in emerging markets Econ. Change Restruct. (IF 1.708) Pub Date : 2024-03-08
Abstract This paper fills the momentous gap by explicitly investigating the interplay of financial inclusion, financial stability, and shadow banking in 11 emerging market economies (EMEs) from 2010 to 2021. Employing panel quantile regression approaches, including simultaneous bootstrapped quantile regression and generalized quantile regression, the results indicate that while financial inclusion
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Technology adoption, innovation policy and catching-up. Econ. Change Restruct. (IF 1.708) Pub Date : 2024-03-06 Juan R. Perilla Jiménez, Thomas H. W. Ziesemer
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Economic integration through renewable energy and digital currency in RCEP Econ. Change Restruct. (IF 1.708) Pub Date : 2024-03-05 Wen Jiayu, Zehao Wang
This research examines economic integration within the RCEP subset of 13 countries from 2000 to 2020, focusing on the impact of green energy and digital currency adoption. A 1% increase in sustainable energy deployment yields significant short-term (0.01%) and long-term (0.05%) improvements; while, a 1% rise in electronic banking transactions results in substantial short-term (0.19%) and long-term
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Tailoring social welfare and energy transition for an aging population Econ. Change Restruct. (IF 1.708) Pub Date : 2024-03-05 Li’ao Song, Cheng Jin
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How does central enterprise reform promote total factor productivity of defense firms in China? Econ. Change Restruct. (IF 1.708) Pub Date : 2024-03-02 Huaijia Zhu, Bo Chen, Huaiqi Zhu
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The role of green technology and green utility performance in advancing energy utilities' commitment to sustainability Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-27 Dan Sun
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Promoting sustainable growth through eco-innovation, energy transition, and human capital: a comparative analysis of G-7 economies Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-27 Yaoyi Zhang
The objective of this research endeavor is to examine the intricate relationship among human capital (HC), energy transition (ET), sustainable growth (SG), and eco-innovation (Eco IN) within the G-7 economies over the period of 2008 to 2022. The research findings indicate that eco-innovation is a crucial factor in advancing sustainable practices and tackling environmental issues; the market is influenced
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Does the Yangtze River Protection Strategy help heavily polluting corporates deleverage? Evidence from corporates in the Yangtze River Economic Belt Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-27 Min Liu, Yamei Li, Jiangfeng Hu
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How can sectoral green economic growth alter energy transformation? Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-27
Abstract This study explores the relationship between sustainable economic growth in ASEAN's industrial and agricultural sectors and energy transformation (2005–2021). Using the Cross-Sectionally Autoregressive Distributed Lag (CS-ARDL) approach, it uncovers the positive impact of green economic growth on reducing fossil fuel consumption. Discrepancies are influenced by sector size, technological accessibility
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Energy transition in sport and public facilities: pioneering sustainable economic pathways Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-22 Xiangyu Du, Wuyang Xie, Weimin Guan
This study explores the factors influencing the adoption of green energy utilities in sports and public facilities across the G7 nations spanning from 2000 to 2021. The Augmented Mean Group (AMG) estimation method employed indicates that Foreign Direct Investment (FDI) has not exerted a significant impact on the green sports sector. Moreover, a 1% increase in Green Power Consumption (GPC) correlates
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Natural resource rent and inclusive finance: an institutional perspective Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-22 Xixi Li, Jiajun Yang, Ning Zeng
Promoting inclusive finance is crucial for governments worldwide to drive inclusive economic growth and development. This study investigates the relationship between natural resource rent and inclusive finance, considering the role of institutional quality. Using a comprehensive dataset spanning 109 countries from 1996 to 2020, our research unveils novel insights in the field of inclusive finance.
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The role of solar energy in achieving net-zero emission and green growth: a global analysis Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-22 Jingbing Sun, Youmu Xie, Sheng Zhou, Jiali Dan
This study explores sustainable development and achieving net-zero emissions by assessing the impact of solar energy adoption on carbon emissions in 40 high and upper middle-income nations and 22 low and lower middle-income countries from 2000 to 2021. Dynamic GMM analysis reveals substantial potential in mitigating emissions, with a 1% increase in solar energy consumption corresponding to a 0.25%
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Greening the bottom line: navigating legal and financial dimensions of energy digital transition in the modern economy Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-19 Xiangyi Xu, Qianrong Wang
The notion of energy digital transformation, considered a groundbreaking and sustainable paradigm, has ignited scholarly debates. This study, covering the period from 2000 to 2021, delves into the intricate interplay among legal efficiency, financial development, and energy digital transformation. Employing the dynamic GMM (Generalized Method of Moments) approach, the research reveals compelling insights
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How is energy transition shaping a path to common prosperity and sustainable economic growth? Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-17
Abstract This study assesses the impact of the transition to renewable energy and improved societal well-being on environmentally sustainable economies, concentrating on 20 major CO2-emitting countries from 2000 to 2020. Employing the pooled mean group (PMG) method, the findings indicate that a 1% increase in fossil fuel consumption results in a significant short-term decline of approximately 0.22%
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Public debt dynamics and fiscal sustainability in selected North African countries: new evidence from recurrent explosive behavior tests and quantile unit root analysis Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-16 Sidi Mohammed Chekouri, Abderrahim Chibi, Mohamed Benbouziane
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Decomposing the impact of financial openness on finance and income inequality: principle vs. outcome-based approaches from Africa Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-16 Biruk Birhanu Ashenafi, Yan Dong
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Achieving environmental sustainability through renewable energy transition in the Next Eleven countries: the importance of establishing sound democratic governance Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-10
Abstract The majority of the Next Eleven nations are yet to undergo the renewable energy transition in full swing. Rather, over time, these nations have become even more reliant on fossil fuels. As a result, establishing environmental sustainability is a matter of deep concern for these emerging nations. Against this backdrop, this study assesses the macroeconomic determinants of their annual carbon
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Toward a greener energy transition: examining the effects of circular economy and carbon footprint for sustainable development Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-08 Yongqin Niu
This study investigates the dynamic impacts of urbanization (UR), energy transition (REC), economic growth (ECOG), and energy transition (INT) on carbon footprint (CFP). Employing a robust panel dataset, we observed intricate relationships between these variables and CFP. Different quantiles showed different, nonlinear effects of UR on CFP, according to our quantile study. It is interesting to note
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How do institutional factors affect sustainable development? A comparative analysis Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-07 Junaid Ashraf
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Sustainable development through structural transformation: a pathway to economic, social, and environmental progress Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-07 Lingfu Kong, Emrah Sofuoğlu, Balogun Daud Ishola, Shujaat Abbas, Qingran Guo, Khurshid Khudoykulov
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Is geopolitical risk always detrimental to economic growth? Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-07 Saakshi Jha, Sunny Bhushan, Nupur Nirola
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Renewable energy pathways toward carbon neutrality in BRICS nations: a panel data analysis Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-07 Jiayu Yang, Haocheng Fang, Feiyan Jing
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Exploring the Fiscal policy—income inequality relationship with Bayesian model averaging analysis Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-06 Hammed Oluwaseyi Musibau, Abdulrasheed Zakari, Farhad Taghizadeh-Hesary
The authors have employed several techniques to account for model uncertainty in the inequality-growth model. However, the BMA technique is the most prominent approach that solves model uncertainty in the inequality-growth literature. This study applied a recent BMA analysis using panel data to examine the role of fiscal policy on income inequality in 37 OECD countries from 2000 to 2015. Fiscal policy
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The role of education in innovation–migration nexus in Europe Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-06
Abstract Using panel data between 2012 and 2020, this research examines the relationship between the flows of low-skilled immigrants and innovation in the EU-15 group of nations and Switzerland. The empirical component is generated from a theoretical model that we construct. After addressing the potential endogeneity of the share of immigrants in the population, we find that regions with a relatively
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Does financial openness matter for economic transformation in sub-Saharan Africa? Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-06 Valentine Soumtang Bime, Dieudonné Mignamissi, Agathe Cassandra Koumis Ngagni
There is inadequate knowledge about the relationship between financial openness and economic transformation, particularly in the African context. This lack of knowledge fuels the passion for research, especially with the emergence of new refined indicators of both financial openness and economic transformation. The objective of this paper, therefore, is to assess the impact of financial openness on
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Do fluctuations in global crude oil prices have an asymmetric effect on oil product pricing in India? Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-05 Abdhut Deheri, Stefy Carmel
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The spillover effects of green bond issuance: a study based on Chinese firms’ stock price synchronicity Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-03 Rongnan Li, Zhongfei Li, Kexin Hu, Kai Gan
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Assessing carbon emission and energy efficiency in Yangtze River economic belt cities, China Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-03 Keyao Yu, Zhigang Li
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Navigating a sustainable transition: green digital finance in manufacturing Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-03 Yuefeng Han, Feng Zhao, Boyu Zhao
In recent decades, the concept of achieving a sustainable transition has sparked debate within the field of economics. This research thoroughly investigates the complex interplay between digital green finance and sustainability in the manufacturing sector across 15 East Asian nations from 2010 to 2020, utilizing the PMG (pooled mean group) panel estimation method. The results consistently demonstrate
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Harnessing digital transformation for green innovation in energy transition: a study on R&D investments and spatial spillover in China Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-03 Yang Liu, Jing Cheng, Jingjing Dai
This study investigates the impact of digital transformation on green innovation in China’s manufacturing sector—a leading energy-consuming industry, using panel data and employing a two-way fixed-effects model alongside a spatial Durbin model. The findings reveal a significant positive relationship between digitalization and green innovation in energy transition, most notably in eastern China and
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Technological, process or managerial innovation? How does digital transformation affect green innovation in industrial enterprises? Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-02
Abstract Amidst the current wave of digitalization and the realization of the “dual-carbon” goal, the question of whether the digital transformation of enterprises (EDT) can drive green innovation (GI) and accelerate industrial enterprises to enter the sustainable and high-caliber advancement track has attracted much attention from academia and practitioners. Drawing on data collected from 1750 industrial
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Does economic policy uncertainty impedes financial inclusion in BRICS economies: the mediating role of quality of governance Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-02 Aamir Aijaz Syed, Assad Ullah, Muhammad Abdul Kamal
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Financial inclusion and underground economy nexus in West Africa: evidence from dynamic heterogeneous panel techniques Econ. Change Restruct. (IF 1.708) Pub Date : 2024-02-02 Musa Abdullahi Sakanko, Joseph David, Nurudeen Abu, Awadh Ahmed Mohammed Gamal
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Towards high-quality energy development: role of trade liberalization Econ. Change Restruct. (IF 1.708) Pub Date : 2024-01-30 Xueyang Wang, Xiumei Sun, Mahmood Ahmad, Jiawei Chen
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Oil price and real sector in oil-importing countries: an asymmetric analysis of sub-Saharan Africa Econ. Change Restruct. (IF 1.708) Pub Date : 2024-01-23
Abstract This study examines the asymmetric impact of oil prices on the real sector in sub-Saharan African nations that import oil. The nonlinear autoregressive distributed lag model was applied to panel data of 20 oil-importing nations between 1987 and 2021. Except for service value-added when the Brent oil price is employed, the study confirms an asymmetric link between the oil price and the real
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Environmental assessment of regional cooperative elderly care: a case study of the Yangtze River Delta Econ. Change Restruct. (IF 1.708) Pub Date : 2023-12-01 Shuchao Wang, Peishu Chen, Weicai Peng
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An assessment of energy poverty in sub-Saharan Africa: the role of financial inclusion and education Econ. Change Restruct. (IF 1.708) Pub Date : 2023-11-13 Hui Wang, Muhammad Wasif Zafar, Shujaat Abbas, Mehmet Akif Destek
Energy is a crucial resource which can contribute towards the development and growth of a nation. Therefore, energy poverty can significantly undermine economic, environmental, and social progress of a country. Sub-Saharan Africa (SSA) is the most deprived electricity region across the world, and hence, the energy poverty situation is more severe here compared to other regions. This paper intends to
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Oil supply and oil price determination among OPEC and non-OPEC countries: Bayesian Granger network analysis Econ. Change Restruct. (IF 1.708) Pub Date : 2023-11-04 David Oluseun Olayungbo, Aziza Zhuparova, Mamdouh Abdulaziz Saleh Al-Faryan
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Cyclical variation of fiscal multipliers in Caucasus and Central Asia economies: an empirical evidence Econ. Change Restruct. (IF 1.708) Pub Date : 2023-10-25 Syed Sadaqat Ali Shah, Muhammad Asim Afridi
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Compliance with IMF conditions and economic growth Econ. Change Restruct. (IF 1.708) Pub Date : 2023-09-22 Ayşe Y. Evrensel, Taner Turan, Halit Yanıkkaya
Using data for 110 countries and GMM estimations, we examine the effects of IMF programs on economic growth. In addition to the traditional focus on the effects of program participation, program type, and the size of IMF loans on growth, using the unique dataset MONA (Monitoring of Fund Arrangements), we add the novel angle of program compliance to the analysis by constructing compliance and noncompliance
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Heterogeneous assessment of urbanisation, energy consumption and environmental pollution in Africa: the role of regulatory quality Econ. Change Restruct. (IF 1.708) Pub Date : 2023-09-22 Bruno Ibekilo, Chukwunonso Ekesiobi, Precious Muhammed Emmanuel
The pace of urbanisation, the intensity of energy consumption, and the quality of environmental regulation level pose a severe threat to environmental sustainability in Africa. Hence, we examine the role of regulatory quality on environmental pollution through urbanisation and energy consumption channel in 33 African nations between 1996 and 2020. Our study considers cross sectional dependence in Africa;
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The nonlinear and threshold effects of IT investment on the banking sector of Bangladesh Econ. Change Restruct. (IF 1.708) Pub Date : 2023-08-16 Mohammad Ashraful Ferdous Chowdhury, Mohammad Abdullah, Nurun Nowshin Chowdhury Nazia, Debarshi Roy
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Population aging and wealth inequality Econ. Change Restruct. (IF 1.708) Pub Date : 2023-08-14 Joyce Hsieh
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Does trade shape educational decisions? The role of initial schooling Econ. Change Restruct. (IF 1.708) Pub Date : 2023-07-29 Kevin Williams
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Why is the size of discouraged labour force increasing in India? Econ. Change Restruct. (IF 1.708) Pub Date : 2023-07-25 Jajati Keshari Parida, Shiba Shankar Pattayat, Sher Verick
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Do oil prices predict the exchange rate in Algeria? Time, frequency, and time‐varying Granger causality analysis Econ. Change Restruct. (IF 1.708) Pub Date : 2023-07-22 Hicham Ayad, Ousama Ben-Salha, Miloud Ouafi
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Relationship between financial development and intelligent transformation of manufacturing: evidence from 69 countries Econ. Change Restruct. (IF 1.708) Pub Date : 2023-07-19 Tianjian Yang, Minghui Han, Yilin Zhong, Junhao Zhong, Qinghua Zhang
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The effectiveness of ultra-loose monetary policy in a high inflation economy: a time-varying causality analysis for Turkey Econ. Change Restruct. (IF 1.708) Pub Date : 2023-07-18 Mehmet Ulug, Sayım Işık, Mehmet Mert
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Drivers of inflation in Turkey: a new Keynesian Phillips curve perspective Econ. Change Restruct. (IF 1.708) Pub Date : 2023-07-12 Mustafa Kocoglu
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Clean versus dirty electricity generation and economic growth in South Africa: time–frequency study Econ. Change Restruct. (IF 1.708) Pub Date : 2023-07-07 Andrew Phiri, Bothwell Nyoni
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Twin deficits through the looking glass: time-varying analysis in the Euro area Econ. Change Restruct. (IF 1.708) Pub Date : 2023-06-30 António Afonso, José Carlos Coelho
Using two measures of the fiscal position, the cyclically adjusted primary budget balance (CAPB) and the total budget balance, we assess the Twin Deficit Hypothesis for the Euro Area in the period 1995–2020. Furthermore, we estimate time-varying coefficients of the current account balance responses to changes in the CAPB and in the government balance and we identify the determinants of these responses
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Before the isolation: Russian regional β-convergence 2001–2019 before the pandemic and Ukrainian war Econ. Change Restruct. (IF 1.708) Pub Date : 2023-06-26 Vicente German-Soto, Gregory Brock
Using a general method of moments (GMM) aggregate production function adjusted for spatial autocorrelation, Russian regions 2001–2019 are found to exhibit no β convergence/divergence before 2009, 1% convergence 2009–2014 and then none again 2015–2019. Both human and physical capital contribute to aggregate growth as neoclassical theory predicts. Spatial autocorrelation suggests the measurement of spatial
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Effects of global energy and price fluctuations on Turkey's inflation: new evidence Econ. Change Restruct. (IF 1.708) Pub Date : 2023-06-25 İbrahim Özmen, Şerife Özşahin
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Market concentration, agency cost and firm performance: a case study on Indian corporate firms Econ. Change Restruct. (IF 1.708) Pub Date : 2023-06-21 Ujjayini Roy, Indrani Chakraborty
This paper explores the relationship between market concentration, agency cost and firm performance using an unbalanced panel of 1911 publicly listed manufacturing firms in India for the period 2001 to 2020. It classifies firms according to ownership types and evaluates the effects of agency cost and market concentration on performance of firms. The study considers agency costs that result from principal-agent
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Population aging and working hour impacts on occupational accidents: evidence from Japan Econ. Change Restruct. (IF 1.708) Pub Date : 2023-06-13 Nahid Pourrostami, Farhad Taghizadeh-Hesary, Fatemeh Zarezadeh Mehrizi
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Demand for water innovation: evidence on wastewater technology adoption in thirteen African countries Econ. Change Restruct. (IF 1.708) Pub Date : 2023-06-10 Linus Nyiwul