European Journal of Government and Economics
type: channel
description: The European Journal of Government and Economics (EJGE) is an international academic journal for peer-reviewed research on all aspects of government and economics. EJGE is particularly interested in current issues regarding the interrelationship between the fields of government and economics, from the role of government and institutions in the economy to the economic analysis of policymaking. It is also interested in questions directly or indirectly related to Europe.
publisher: Universidade da Coruña
language: en
publication name: European Journal of Government and Economics
issn: 2254-7088
copyright: Authors who publish with this journal agree to the following terms: Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
items: Urban governance and quality of life: a systematic mapping review with bibliometric analysis
items: The impact of financial development and institutional quality on environmental quality in the Western Balkans
items: JUNTOS program and school enrollment in high-poverty Peruvian regions: a propensity score matching analysis
items: DEA model for optimising economic policies of European Union countries
items: Climate risks and financial stability in Morocco: an emerging challenge for sustainable development
items: Public policies and sustainable mobility in Spain: empirical analysis of household expenditure on bicycles
items: Nash equilibrium as an analytical tool for Public Administration: diagnosing pathologies and intervention strategies in the Greek context
items: An econometric analysis of the impact of economic growth, information and communication technology goods exports and unemployment on NEET rates: the case of Nordic countries
items: Corruption control and economic performance in Bosnia and Herzegovina and other Western Balkan countries
items: The complex trilogy of shadow economy, inflation, and economic growth: evidence from MENA countries
items: Analysis of industrial transformation and upgrading in resource-exhausted cities: evidence from city-level and enterprise-level panel data.
items: Behaviorally-informed policies to reduce materialism among youth in Egypt: experimental evidence
items: Comparative evaluation of Quality of Life indicators: towards developing a comprehensive standard model for measuring Quality of Life
items: Measuring the impact of democracy on gender equality: does choice of index matter?
items: Barriers and policy solutions for electric vehicle adoption in Spain: a multidimensional analysis
items: The influence of economic factors on sustainable energy consumption: a comparative approach between the OECD and Western Balkan countries
items: Fiscal shocks, the exchange rate, and worker migration
items: The implementation of socially responsible public procurement in Greece: barriers and prospects for Social Economy Entities
items: How government spending matters to FDI inflows in developing countries?
items: Management impression and bank’s performance with NLP for chairperson’s statement
items: Exploring determinants of VAT gaps using structural equation models: a MIMIC approach
items: The role of the Water Framework Directive in enhancing water use efficiency in the EU
items: Do geopolitical risks affect stock market returns and volatilities: an analysis based on the TVP-VAR model
items: Unlocking regional value chains: Fintech’s role in the Western Balkans' integration into global markets
items: Investor sentiment and Euro area ETFs: an empirical analysis of consumer behaviour
items: Key competencies and role profiles for sports managers: a multi-dimensional analysis
items: Do rising interest rates matter for bank profitability? Evidence from Portuguese banks
items: Do natural resources hinder or help? Exploring economic development in EU countries through human and institutional lenses
items: Public debt and fiscal consolidation in the Western Balkans: a panel analysis of growth effects
items: Exploring citizen participation in fiscal control: insights from Manizales, Colombia

Urban governance and quality of life: a systematic mapping review with bibliometric analysis
type: item
description: Although there are a large number of studies exploring the importance of quality of life (QoL) in cities, there is a significant gap in research linking the impact of urban governance on the QoL of their citizens. Therefore, the objective of this study is to identify and examine how the tools available to local governments have a significant impact on our area of study. Using a systematic mapping review with bibliometric analysis, 139 articles published in the last 10 years, from 2015 to 2025, were analyzed. Governance components such as transparency, e-government, responsiveness, rule of law, citizen participation, accountability, effectiveness and efficiency have been analyzed. The results of this research can help city planners prioritize those factors that have the greatest impact on or are most relevant to citizens' QoL.
subject: Articles
  topic: section
subject: urban governance
  topic: keywords
subject: quality of life
  topic: keywords
subject: systematic mapping review
  topic: keywords
creator: María J. Pazos-García
creator: Vicente López-López
creator: Guadalupe Vila-Vázquez
rights: Copyright (c) 2026 María J. Pazos-García, Vicente López-López, Guadalupe Vila-Vázquez https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 194
ending page: 219
doi: 10.17979/ejge.2026.15.1.13257

The impact of financial development and institutional quality on environmental quality in the Western Balkans
type: item
description: Using a panel dataset of six Western Balkan countries for the period 2010–2022, this study employs dynamic econometric models such as Fixed Effects (FE), Random Effects (RE), Generalized Method of Moments (GMM), and the Two-Stage Least Squares (2SLS) to examine the impact of financial development and institutional quality on environmental quality. The determinants of environmental quality considered in the analysis include economic growth, foreign direct investment, trade openness, and institutional quality. Institutional quality is measured as the average of political stability, regulatory quality, and corruption index. Financial development is proxied by domestic credit to private sector. The findings indicate that both domestic credit to private sector and institutional quality have a significant positive impact on CO₂ emissions. This suggests that an increase in credit to the private sector leads to a significant increase in carbon emissions. Similarly, improved institutional quality is associated with increased emissions, a result that can be explained by the fact that countries with stronger institutions tend to attract investment and develop infrastructure, which can lead to higher economic activity, energy consumption and pollution. These results highlight the need for balanced policy approaches that support financial development and institutional improvement while also promoting environmental sustainability. The study offers valuable insights for policymakers in the Western Balkans to design integrated strategies that align financial and institutional progress with environmental protection goals.
subject: Articles
  topic: section
subject: financial development
  topic: keywords
subject: institutional quality
  topic: keywords
subject: environmental quality
  topic: keywords
creator: Argjira Bilalli
creator: Fitim Mexhuani
creator: Medain Hashani
rights: Copyright (c) 2026 Argjira Bilalli, Fitim Mexhuani, Medain Hashani https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 93
ending page: 110
doi: 10.17979/ejge.2026.15.1.12907

JUNTOS program and school enrollment in high-poverty Peruvian regions: a propensity score matching analysis
type: item
description: This study analyzes the association between participation in the JUNTOS conditional cash transfer program and school enrollment among children and adolescents in poor households in selected high-poverty Peruvian regions: Ayacucho, Cajamarca, Loreto, and Puno. Two samples were constructed from the 2023 National Household Survey (ENAHO) database: the treatment group, composed of beneficiaries of the JUNTOS program, and the control group, constructed using Propensity Score Matching (PSM) to select non-beneficiaries with similar characteristics. A Logit model was also estimated as a robustness check. The results indicate a positive association between program participation and school enrollment. These findings suggest that conditional cash transfer programs in Peru may contribute to improving educational access for minors in poverty-stricken regions.
subject: Articles
  topic: section
subject: conditional transfer programs
  topic: keywords
subject: JUNTOS
  topic: keywords
subject: school enrollment
  topic: keywords
subject: propensity score matching
  topic: keywords
subject: social public policy
  topic: keywords
subject: Cusco
  topic: keywords
subject: educational inclusion
  topic: keywords
creator: Jhon Valdiglesias
creator: Alexsia Florindez
rights: Copyright (c) 2026 Jhon Valdiglesias, Alexsia Florindez https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 76
ending page: 92
doi: 10.17979/ejge.2026.15.1.12761

DEA model for optimising economic policies of European Union countries
type: item
description: This study focuses on the problem of optimal choice between unemployment and inflation in view of the international position of the country. The proposed DEA model was tested on the example of statistics of European Union countries for 2023. This year, the efficient frontier of countries' states (the international Phillips DEA line) was formed by the Czechia, Germany, the Netherlands and Belgium. National Phillips DEA lines were built by parallel moving of the international frontier. Optimal states were determined by minimising the quadratic social loss function. A point with minimum indicator levels (the “ideal” state) was the centre of social loss curves. Deviations of actual states from the “ideal” one were normalised by dividing by the difference in coordinates of this state and the binomial mean point of efficient countries. According to the proposed optimisation efficiency coefficient, the best strategy for Bulgaria, Ireland, Malta and Slovenia would be to move directly to the state of the international optimum. Germany and the Netherlands would not benefit from optimising their state. The proposed model can be used in countries' economic policies and their ranking.
subject: Articles
  topic: section
subject: international comparative studies
  topic: keywords
subject: DEA model
  topic: keywords
subject: Phillips curve
  topic: keywords
subject: social loss function
  topic: keywords
subject: normalisation methods
  topic: keywords
creator: Lesia Petkova
creator: Ivan Zagoruiko
rights: Copyright (c) 2026 Lesia Petkova, Ivan Zagoruiko https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 5
ending page: 29
doi: 10.17979/ejge.2026.15.1.12116

Climate risks and financial stability in Morocco: an emerging challenge for sustainable development
type: item
description: This paper advances research on the climate–finance nexus by developing two original composite indices, a Financial Stability Index (FSI) and a Climate Risk Index (CRI), specifically calibrated to Morocco's climate-vulnerable and bank-based economy. Using annual data spanning 1998 to 2024 and employing a combined VAR and Quantile VAR (QVAR) framework, we provide robust evidence that physical climate risks operate as exogenous drivers of financial instability. The analysis reveals a unidirectional and state-dependent transmission mechanism in which climate shocks exert persistent adverse effects on financial stability, with impacts intensifying by 40% to 60% during periods of financial distress. These findings underscore the necessity of systematically integrating climate risk metrics into macroprudential regulation and offer an empirically grounded framework for strengthening financial resilience in Morocco and comparable water-stressed emerging economies.
subject: Articles
  topic: section
subject: climate risks
  topic: keywords
subject: financial stability
  topic: keywords
subject: green finance
  topic: keywords
creator: Imad El Khlifi
creator: Mohamed Drissi Bakhkhat
creator: Jaouad Madkour
rights: Copyright (c) 2026 Imad El Khlifi, Mohamed Drissi Bakhkhat, Jaouad Madkour https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 163
ending page: 193
doi: 10.17979/ejge.2026.15.1.12680

Public policies and sustainable mobility in Spain: empirical analysis of household expenditure on bicycles
type: item
description: This study investigates the socioeconomic determinants of household expenditure on sports bicycles in Spain, providing novel insights into the affordability and equity dimensions of sustainable mobility policies. Whilst cycling promotion has emerged as a central pillar of urban and environmental strategies, the economic factors influencing household-level bicycle adoption remain under-researched, particularly within Southern European contexts. Employing nationally representative microdata and a two-part modelling approach, this analysis explores how income, household characteristics and regional variations shape cycling-related expenditure patterns. The findings demonstrate that bicycle expenditure has become progressively concentrated among higher-income households, suggesting an evolution towards cycling being perceived as a discretionary purchase rather than an accessible transport solution. Persistent disparities are observed across age groups, family structures and geographical regions, highlighting unequal access to the benefits of cycling. This research challenges prevailing assumptions regarding the inherent affordability of cycling and proposes targeted policy interventions to mitigate financial and structural barriers. By connecting macro-level sustainability objectives with micro-level consumption behaviour, this study contributes a conceptual framework for developing inclusive mobility policies that balance environmental ambitions with social equity considerations. The analysis offers timely evidence for policymakers seeking to align Spain's cycling strategy with principles of distributive justice and broader sustainable development goals.
subject: Articles
  topic: section
subject: cycling policy
  topic: keywords
subject: economic policy
  topic: keywords
subject: household expenditure
  topic: keywords
subject: sustainable mobility
  topic: keywords
creator: Mary Elena Sánchez-Gabarre
rights: Copyright (c) 2025 Mary Elena Sánchez-Gabarre https://creativecommons.org/licenses/by-nc/4.0
date: 2025-12-17
publication date: 2025-12-17
starting page: 256
ending page: 270
doi: 10.17979/ejge.2025.14.2.12671

Nash equilibrium as an analytical tool for Public Administration: diagnosing pathologies and intervention strategies in the Greek context
type: item
description: This article applies Game Theory to diagnose persistent pathologies in public administration, such as bureaucratic inertia, as stable sub-optimal Nash Equilibria. Through a systematic literature review focused on the Greek context, it proposes a conceptual shift for public administration from a passive 'player' to a proactive 'game designer' who strategically alters incentives, rules, and information. The analysis reveals that this framework provides a practical roadmap for addressing deep-seated issues like tax evasion and inter-agency conflict by transforming dysfunctional equilibria. Ultimately, it offers an actionable model for designing effective reforms that can move complex administrative systems from deadlock toward sustainable cooperation.
subject: Articles
  topic: section
subject: public administration
  topic: keywords
subject: game theory
  topic: keywords
subject: Nash equilibrium
  topic: keywords
subject: institutional reform
  topic: keywords
subject: decision making
  topic: keywords
creator: Konstantinos Grigoriadis
rights: Copyright (c) 2026 Konstantinos Grigoriadis https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 142
ending page: 162
doi: 10.17979/ejge.2026.15.1.12589

An econometric analysis of the impact of economic growth, information and communication technology goods exports and unemployment on NEET rates: the case of Nordic countries
type: item
description: This study aims to empirically analyze the impact of economic growth, information and communication technology (ICT) goods exports and unemployment on NEET rates for the Nordic countries (Denmark, Norway, Sweden, Finland and Iceland). The study covers the period 2005-2022 and the data are annual. In the analysis, the LLC unit root test was applied. Then, panel VAR based on GMM and panel Granger causality analysis were employed. Accordingly, an increase in economic growth was found to reduce the NEET rate. On the other hand, an increase in the unemployment rate and ICT goods exports leads to an increase in the NEET rate. According to the results obtained from the panel Granger causality analysis, bidirectional Granger causality relationship was determined between the NEET rate and economic growth, the NEET rate and unemployment, economic growth and unemployment, economic growth and ICT goods exports and unemployment and ICT goods exports. In addition, a unidirectional Granger causality relationship from the NEET rate to ICT goods exports was found.
subject: Articles
  topic: section
subject: NEET
  topic: keywords
subject: economic growth
  topic: keywords
subject: information and communication technology goods exports
  topic: keywords
subject: unemployment
  topic: keywords
subject: Nordic countries
  topic: keywords
creator: Seher Suluk
rights: Copyright (c) 2026 Seher Suluk https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 125
ending page: 141
doi: 10.17979/ejge.2026.15.1.12579

Corruption control and economic performance in Bosnia and Herzegovina and other Western Balkan countries
type: item
description: This paper aims to contribute to a more comprehensive understanding of entrenched corruption in Bosnia and Herzegovina, through a comparative analysis with other Western Balkan countries. It is essential to determine whether corruption acts as a stimulus or deterrent to economic performance, considering empirical evidence suggesting that corruption may have a positive effect under certain conditions. The study utilizes indicators from the World Bank’s Worldwide Governance Indicators (WGI) database, along with gross domestic product per capita (GDP per capita) figures. The analysis employs both descriptive and regression methods applied to the aforementioned indicators over the period from 2010 to 2022. The effect of Corruption control on economic performance varies considerably across the observed countries. In Bosnia and Herzegovina, a significant negative relationship is observed. The results can help the authorities in the creation of policies and strategies that focus on the improvement of institutional quality and economic performance. This research fulfils an identified need to investigate the phenomenon of corruption in Bosnia and Herzegovina and neighbour countries in detail in recent time.
subject: Articles
  topic: section
subject: corruption
  topic: keywords
subject: corruption control
  topic: keywords
subject: economic performance
  topic: keywords
subject: gross domestic product
  topic: keywords
subject: institutions
  topic: keywords
creator: Amra Babajić
creator: Amra Gadžo
creator: Mirnesa Barakovic Nurikic
rights: Copyright (c) 2026 Amra Babajić, Amra Gadžo, Mirnesa Barakovic Nurikic https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 111
ending page: 124
doi: 10.17979/ejge.2026.15.1.12488

The complex trilogy of shadow economy, inflation, and economic growth: evidence from MENA countries
type: item
description: This article investigates the dynamic interrelationships between the shadow economy, inflation, and economic growth in 15 countries of the Middle East and North Africa (MENA) region over the period 1991–2017. The study employs a simultaneous equations framework estimated through the Three-Stage Least Squares (3SLS) method, complemented by system GMM to address potential endogeneity issues. Empirical results reveal a bidirectional causal link between the shadow economy and inflation, highlighting their mutual reinforcement: the expansion of informal activities intensifies inflationary pressures by eroding public revenues and prompting monetary financing, while rising inflation encourages informal sector growth as agents seek protection against purchasing power erosion. Additionally, a two-way relationship between inflation and economic growth emerges, where moderate inflation can stimulate economic activity, but persistent high inflation hampers growth through price distortions and reduced real incomes. The shadow economy negatively impacts economic growth, with evidence showing that higher GDP levels reduce informality by expanding formal employment and compliance incentives. Nonetheless, the persistent size of the informal sector poses significant challenges for fiscal capacity and public investment, affecting infrastructure and social services. The robustness of these findings is confirmed through complementary estimation techniques. The article provides insights into the complex macroeconomic interactions characteristic of MENA economies, with important implications for policy aimed at promoting formalization, price stability, and sustainable growth.
subject: Articles
  topic: section
subject: shadow economy
  topic: keywords
subject: inflation
  topic: keywords
subject: economic growth
  topic: keywords
subject: MENA region
  topic: keywords
subject: Three-Stage Least Squares (3SLS)
  topic: keywords
subject: GMM
  topic: keywords
creator: Narimen Rdhaounia
creator: Malek Elweriemmi
rights: Copyright (c) 2026 Narimen Rdhaounia, Malek Elweriemmi https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 55
ending page: 75
doi: 10.17979/ejge.2026.15.1.12398

Analysis of industrial transformation and upgrading in resource-exhausted cities: evidence from city-level and enterprise-level panel data.
type: item
description: Massive and irrational exploitation of natural resources promoted the industrialization process, which formed different categories of resource-based cities. Although these cities have made dramatic contributions to socio-economic development in the last two decades, they are now facing grave problems due to resource depletion. Industrial transformation and upgrading are the only ways to cope with this situation. Therefore, this study utilizes the city-level and enterprise-level data to analyze the industrial transformation and upgrading of resource-exhausted cities in China. Both the macro- and micro-empirical results demonstrate that the central policy of the State Council has a positive feedback on industrial transformation. Then the findings of baseline regression are validated by robustness and heterogeneity tests. What’s more, the policy facilitates industrial upgrading by promoting transition to technology-intensive and high-value chain industries. Finally, we propose relevant implications for industrial transformation on the basis of the main findings.
subject: Articles
  topic: section
subject: resource-exhausted city
  topic: keywords
subject: industrial transformation
  topic: keywords
subject: industrial upgrading
  topic: keywords
subject: optimization of industrial structure
  topic: keywords
creator: Yiwen Peng
rights: Copyright (c) 2025 Yiwen Peng https://creativecommons.org/licenses/by-nc/4.0
date: 2025-06-21
publication date: 2025-06-21
starting page: 5
ending page: 20
doi: 10.17979/ejge.2025.14.1.10797

Behaviorally-informed policies to reduce materialism among youth in Egypt: experimental evidence
type: item
description: Materialism, characterized by prioritizing material possessions over intrinsic values, has been shown to negatively impact well-being, social behavior, and economic activities. However, limited research addresses interventions to reduce materialism in non-WEIRD societies, particularly in the Middle East. This study examines the effectiveness of behavioral interventions in lowering personal materialism among Egyptian youth, a demographic displaying significant materialistic tendencies. Utilizing a survey experiment with 296 participants from Egypt’s 25 governorates, the study employed Richins and Dawson’s Material Values Scale (1992) to measure materialism. Participants were randomly assigned to one of three interventions: boosting self-esteem, fostering gratitude, or promoting empathy, in addition to a control group. Results indicate that interventions targeting self-esteem and empathy significantly reduced materialism overall score (p < 0.05) and (p < .01), respectively, and materialism score was associated with centrality, while self-esteem, gratitude, and empathy notably lower materialism in dimensions associated with success. However, no significant impact was observed on materialism's score. These findings highlight the potential of governance measures and behaviorally-informed policies in addressing materialism and suggest tailored interventions to promote intrinsic values among youth.
subject: Articles
  topic: section
subject: behavioral interventions
  topic: keywords
subject: government policies
  topic: keywords
subject: materialism
  topic: keywords
subject: Egypt
  topic: keywords
subject: youth
  topic: keywords
creator: Sidrah Khalil
creator: Sarah Mansour
creator: Marwa Shibl Biltagy
rights: Copyright (c) 2025 Sidrah Khalil, Sarah Mansour, Marwa Shibl Biltagy https://creativecommons.org/licenses/by-nc/4.0
date: 2025-06-21
publication date: 2025-06-21
starting page: 21
ending page: 54
doi: 10.17979/ejge.2025.14.1.11102

Comparative evaluation of Quality of Life indicators: towards developing a comprehensive standard model for measuring Quality of Life
type: item
description: This study aims to improve the understanding of quality of life (QoL) by evaluating key indicators, identifying influential factors, and assessing their relative weights. This study utilizes panel data from 181 cases across 32 European countries (2012-2017). The study employs exploratory and confirmatory factor analyses to create a comprehensive QoL measurement model. Four primary factors were found to influence QoL in Europe: economy, health, education, and governance quality. The study compares five common QoL indicators—income, GDP, life expectancy, the Human Development Index (HDI), and the Legatum Prosperity Index—against this model. Results show that the HDI is the most balanced indicator, while others exhibit biases. The study emphasizes the need for more precise and comprehensive QoL measures and recommends applying exploratory and confirmatory factor analyses to enhance them. Future research should validate the model in other regions and further improve QoL measurement.
subject: Articles
  topic: section
subject: Quality of Life
  topic: keywords
subject: Human Development Index
  topic: keywords
subject: Legatum Prosperity Index
  topic: keywords
creator: Jalal Hafeth Ahmad Abu-Alrop
rights: Copyright (c) 2025 Jalal Hafeth Ahmad Abu-Alrop https://creativecommons.org/licenses/by-nc/4.0
date: 2025-06-21
publication date: 2025-06-21
starting page: 71
ending page: 95
doi: 10.17979/ejge.2025.14.1.11247

Measuring the impact of democracy on gender equality: does choice of index matter?
type: item
description: Using a variety of indicators, the study tries to analyze the impact of democracy on gender equality for a sample of 159 countries across the world. For this purpose, the study used static panel data models and applied various tests of robustness to estimate the impact of democracy on gender equality. It is found that the effect of democracy on gender equality is uncertain and sensitive to the interchangeability of various gender equality indices. However, the replacement of various democracy indices does not cause any substantial change in the results. The impact of democracy on gender equality is almost insignificant, but certain components of democracy like political participation and government functioning have positive impacts in improving the levels of gender equality. Among the control variables, economic growth and population size emerge as the positive determinants of gender equality.
subject: Articles
  topic: section
subject: gender equality
  topic: keywords
subject: democracy
  topic: keywords
subject: index sensitiveness
  topic: keywords
subject: static panel data models
  topic: keywords
creator: Alka Singh
creator: Archna Chaudhry
rights: Copyright (c) 2025 Alka Singh, Archna Chaudhry https://creativecommons.org/licenses/by-nc/4.0
date: 2025-06-21
publication date: 2025-06-21
starting page: 96
ending page: 117
doi: 10.17979/ejge.2025.14.1.11272

Barriers and policy solutions for electric vehicle adoption in Spain: a multidimensional analysis
type: item
description: In Spain, the transport sector is one of the largest contributors to greenhouse gas (GHG) emissions, primarily due to the widespread use of fossil fuels. Electric vehicles (EVs) are a key component in transitioning towards sustainable mobility and transport decarbonization. The article presents novel insights into the interplay between economic, technical, regulatory, and social factors affecting EV uptake in Spain, distinguishing itself from previous studies, using a multidimensional approach. It not only identifies the main challenges but also proposes actionable solutions based on successful international case studies. These include enhancing financial incentives, expanding nationwide charging networks, ensuring consistent regulatory frameworks and promoting public awareness campaigns to dispel misconceptions about EVs, among others. By integrating these aspects, the research contributes significantly to the discourse on sustainable transport in Spain, aiming to provide a roadmap for policymakers and stakeholders in achieving national climate targets.
subject: Articles
  topic: section
subject: electric vehicles
  topic: keywords
subject: sustainable mobility
  topic: keywords
subject: greenhouse gas emissions
  topic: keywords
subject: charging infrastructure
  topic: keywords
subject: energy transition
  topic: keywords
creator: Bianca Cid
creator: María Teresa García-Álvarez
rights: Copyright (c) 2025 Bianca Cid, María Teresa García-Álvarez https://creativecommons.org/licenses/by-nc/4.0
date: 2025-06-21
publication date: 2025-06-21
starting page: 118
ending page: 146
doi: 10.17979/ejge.2025.14.1.11299

The influence of economic factors on sustainable energy consumption: a comparative approach between the OECD and Western Balkan countries
type: item
description: This study investigates the influence of economic factors—such as energy use, foreign direct investment, inflation, GDP per capita, trade, population growth, and unemployment—on sustainable energy consumption (SEC) and renewable energy consumption (REC) across 38 OECD and 6 Western Balkan countries from 2010 to 2022. Adopting a comparative approach, the research sheds light on how varying economic contexts shape energy sustainability outcomes in developed and emerging economies. Using panel data from the World Bank and The Global Economy Database, we estimate regression models (OLS, fixed effects, random effects) and employ the generalized method of moments (GMM). We accounted for potential endogeneity with the use of GMM and verified it with Arellano-Bond and Sargan tests. The analysis found that GDP per capita and the openness of a country to trade were positively connected to SEC. Also, inflation and unemployment can serve as disincentives for the use of renewable energy. The findings provide insights for effective energy sustainable development thinking, especially given the economic development and goals for sustainable energy outcomes.
subject: Articles
  topic: section
subject: sustainable energy consumption
  topic: keywords
subject: economic growth
  topic: keywords
subject: inflation
  topic: keywords
subject: foreign direct investment
  topic: keywords
creator: Atdhetar Gara
creator: Argjira Bilalli
creator: Artenisa Beka
rights: Copyright (c) 2025 Atdhetar Gara, Argjira Bilalli, Artenisa Beka https://creativecommons.org/licenses/by-nc/4.0
date: 2025-06-21
publication date: 2025-06-21
starting page: 55
ending page: 70
doi: 10.17979/ejge.2025.14.1.11356

Fiscal shocks, the exchange rate, and worker migration
type: item
description: This paper employs a new open economy macroeconomic model that incorporates cross-border worker migration to analyze the effects of government spending shocks. In this paper, we demonstrate that when the elasticity of substitution between products produced within the same country is close to 1, a relative increase in government spending in the home country reduces the relative level of consumption at home, depreciates the home currency, and leads to worker migration from the home country to the foreign country. The model demonstrates that as international worker mobility rises, the effect of a government expenditure shock on the relative home consumption diminishes, while the impact on the exchange rate intensifies. Moreover, the model demonstrates that an increase in government spending in the home country invariably leads to a deterioration in global welfare.
subject: Articles
  topic: section
subject: government spending
  topic: keywords
subject: migrant workers
  topic: keywords
subject: exchange rate
  topic: keywords
subject: consumption
  topic: keywords
subject: welfare
  topic: keywords
creator: Wataru Johdo
rights: Copyright (c) 2026 Wataru Johdo https://creativecommons.org/licenses/by-nc/4.0
date: 2026-06-15
publication date: 2026-06-15
starting page: 30
ending page: 54
doi: 10.17979/ejge.2026.15.1.12282

The implementation of socially responsible public procurement in Greece: barriers and prospects for Social Economy Entities
type: item
description: This study explores whether and how Social Economy Entities (SEEs) in Greece engage with Socially Responsible Public Procurement (SRPP), as introduced by Law 4412/2016. It investigates the extent to which SEEs—specifically KOINSEPs and KOISPEs—are aware of, participate in, and benefit from SRPP provisions such as Articles 20 and 110, and identifies institutional barriers they encounter. Using a mixed-methods approach combining surveys and interviews, the findings reveal that while KOISPEs demonstrate higher awareness and participation, KOINSEPs face legal unfamiliarity, bureaucratic complexity, and liquidity constraints. Public authorities, in turn, often lack SRPP-related knowledge, contributing to limited implementation. Despite these challenges, SEEs propose concrete reforms, including quotas, administrative simplification, and targeted support structures. The study contributes to the literature on strategic procurement and highlights the importance of institutional capacity, legal clarity, and trust in enabling inclusive economic policies.
subject: Articles
  topic: section
subject: Socially Responsible Procurement
  topic: keywords
subject: Social Economy Entities
  topic: keywords
subject: KOINSEP
  topic: keywords
subject: KOISPE
  topic: keywords
subject: public contracts
  topic: keywords
subject: Greece
  topic: keywords
subject: social economy
  topic: keywords
creator: Lampros Lamprinidis
rights: Copyright (c) 2025 Lampros Lamprinidis https://creativecommons.org/licenses/by-nc/4.0
date: 2025-12-17
publication date: 2025-12-17
starting page: 235
ending page: 256
doi: 10.17979/ejge.2025.14.2.12026

How government spending matters to FDI inflows in developing countries?
type: item
description: This study explores the effect of government spending on FDI inflows in developing country groups by different level of development. The United Nations’ country classification by income level is used to classify country level of development. The study covers a sample of 100 developing countries worldwide over the 2002-2022 period. Applying different estimation techniques, the findings reveal a declining relationship between government spending and FDI inflows along the rise in country level of development. The low income country group has the largest positive effect of government spending on FDI inflows and the effect decreases in the lower-middle income, the upper-middle income and finally it turns to be negative in the high income country group. Policy implications are derived that at lower level of development, larger size of government spending may attract inward FDI but as country level of development rises, FDI inflows favor smaller size of government spending.
subject: Articles
  topic: section
subject: FDI inflows
  topic: keywords
subject: government spending
  topic: keywords
subject: developing countries
  topic: keywords
creator: Thi Bich Thuy Dao
rights: Copyright (c) 2025 Thi Bich Thuy Dao https://creativecommons.org/licenses/by-nc/4.0
date: 2025-12-17
publication date: 2025-12-17
starting page: 219
ending page: 234
doi: 10.17979/ejge.2025.14.2.11723

Management impression and bank’s performance with NLP for chairperson’s statement
type: item
description: Impression management within chairperson’s statements is a prominent area of study, particularly in the banking sector. This research seeks to understand the nuanced strategies banks deploy in these statements to shape stakeholder perceptions regarding their financial performance. Utilizing a mixed-method approach that combines qualitative content analysis with algorithmic techniques, the study applies Natural Language Processing (NLP), including sentiment analysis, topic modeling, word vectorization, and readability scoring to systematically examine chairperson’s statements, using data from 2012 to 2022 of commercial banks in Vietnam. The results revealed that banks facing financial adversities tend to craft strategic narratives to underscore their resilience and adaptability. Crucially, elements such as public visibility and consumer proximity emerged as dominant factors influencing the direction and tone of these narratives. The study underscores the pivotal role of chairperson’s statements in molding and upholding a bank's image. The effectiveness of these statements is contingent upon their alignment with stakeholder expectations and the prevailing market dynamics, providing invaluable insights for investors, bank executives, and regulatory institutions.
subject: Articles
  topic: section
subject: impression management
  topic: keywords
subject: chairperson’s statement
  topic: keywords
subject: textual analysis
  topic: keywords
subject: Vietnam
  topic: keywords
creator: Tam Phan Huy
creator: Quan Tran Bich
creator: Vang Nguyen Thi Mai
creator: Vy Do Tuong
creator: Linh Nguyen Thi Khanh
rights: Copyright (c) 2025 Tam Phan Huy, Quan Tran Bich, Vang Nguyen Thi Mai, Vy Do Tuong, Linh Nguyen Thi Khanh https://creativecommons.org/licenses/by-nc/4.0
date: 2025-12-17
publication date: 2025-12-17
starting page: 185
ending page: 218
doi: 10.17979/ejge.2025.14.2.11713

Exploring determinants of VAT gaps using structural equation models: a MIMIC approach
type: item
description: This study explores the estimation of the VAT gap using the Multiple Indicators and Multiple Causes (MIMIC) model, a specific type of structural equation model. The VAT gap, a significant indicator of tax revenue loss and inefficiency in VAT collection, is treated as a latent variable driven by various causes and reflected through specific indicators. Drawing on data from European countries, the model incorporates variables such as economic openness, government spending, corruption perceptions, and the e-government development index, each serving as proxies for underlying VAT collection challenges. This study presents a first-time application of the MIMIC model to the Czech Republic, estimating the VAT gap of 2003 – 2020 and revealing fluctuations between 27 % and 35 % of total tax liability, with stabilization at 31 % since 2016. The findings underscore policy areas for potential improvements in VAT compliance and collection efficiency, particularly through enhanced digitalization efforts and governance quality in tax administration by highlighting key factors contributing to the VAT gap.
subject: Articles
  topic: section
subject: VAT gap
  topic: keywords
subject: determinants of VAT gap
  topic: keywords
subject: efficiency of VAT collection
  topic: keywords
subject: MIMIC model
  topic: keywords
subject: structural equation model
  topic: keywords
creator: Iva Hasíková
rights: Copyright (c) 2024 Iva Hasíková https://creativecommons.org/licenses/by-nc/4.0
date: 2024-12-03
publication date: 2024-12-03
starting page: 189
ending page: 205
doi: 10.17979/ejge.2024.13.2.9940

The role of the Water Framework Directive in enhancing water use efficiency in the EU
type: item
description: The increasing economic activity, population growth and urbanisation are placing increasing stress on Europe’s freshwater resources. The European Union's Water Framework Directive (WFD) aimed to establish measures to foster efficient use of this valuable natural resource while simultaneously protecting the environment. This study allows for an assessment of the Directive's application of public policies to a natural resource, assuming that the efficiency of water use is measured by water productivity. For the purposes of this investigation, purely economic variables and specific variables pertaining to the implementation of the WFD will be considered. The final econometric model indicates that variables with a positive impact, including research and development (R&D) expenditure and the governance index, necessitate the updating of facilities, the implementation of public control of the resource, and the encouragement of citizen interest in influencing EU policies. Conversely, variables with a negative impact, including population density and water consumption, indicate that as the utilization of a given resource intensifies, the efficacy of that utilization diminishes. The analysis by country indicates that the northern and more industrialised economies have more efficient water use levels. The evolution over time demonstrates that the WFD is being implemented more extensively in regions where it is most needed, resulting in increased productivity values in areas where they are currently lower.
subject: Articles
  topic: section
subject: water
  topic: keywords
subject: Water Framework Directive
  topic: keywords
subject: water productivity
  topic: keywords
creator: Amelia Pérez Zabaleta
creator: Monica Borrat Sanjuan
rights: Copyright (c) 2024 Amelia Pérez Zabaleta, Monica Borrat Sanjuan https://creativecommons.org/licenses/by-nc/4.0
date: 2024-12-03
publication date: 2024-12-03
starting page: 136
ending page: 164
doi: 10.17979/ejge.2024.13.2.10003

Do geopolitical risks affect stock market returns and volatilities: an analysis based on the TVP-VAR model
type: item
description: This study examines the effects of geopolitical risk (GPR) shocks on stock market returns and volatility across G7, BRICS, and Gulf countries, using a time-varying parameter vector autoregression (TVP-VAR) model. By analyzing responses over short, medium, and long-term horizons, our findings reveal significant variations in how geopolitical risks impact stock markets across different countries and timelines. We observe that GPR-related impacts on stock returns weaken over time, while volatility effects tend to strengthen, suggesting persistent risks for investors in these markets. These insights provide new perspectives for portfolio management and investment strategies during times of geopolitical uncertainty.
subject: Articles
  topic: section
subject: geopolitical risk
  topic: keywords
subject: G7 countries
  topic: keywords
subject: BRICS countries
  topic: keywords
subject: Gulf countries
  topic: keywords
subject: stock market returns
  topic: keywords
subject: volatility
  topic: keywords
subject: TVP-VAR model
  topic: keywords
creator: Ahlem Lamine
creator: Sirine Zribi
rights: Copyright (c) 2024 Ahlem Lamine, Sirine Zribi https://creativecommons.org/licenses/by-nc/4.0
date: 2024-12-03
publication date: 2024-12-03
starting page: 240
ending page: 261
doi: 10.17979/ejge.2024.13.2.10168

Unlocking regional value chains: Fintech’s role in the Western Balkans' integration into global markets
type: item
description: Digitalization and automation are restructuring the geographical landscape of operations and labor, significantly altering operations in global value chains (GVCs). Digital technologies are expected to boost resilience, enhance transparency, and foster sustainability in GVCs. In this context, this paper looks at how the application of fintech solutions fosters the creation of regional value chains (RVCs), increasing attractiveness and generating new opportunities for enterprises in the Western Balkan region to participate in GVCs To fill the existing gap for granular analysis at the industry level, the paper examines if enterprises in the Western Balkans that apply of fintech solutions in financial management have better opportunities to create RVCs than the ones that resist fintech implementation. Using a benchmarking instrument on fintech solutions implemented on 370 enterprises, this paper tries to identify industries with the highest potential to create RVCs and higher prospects for integration in GVCs. Our findings indicate that fintech solutions and applications can be one of the main driving forces in transforming and upgrading RVCs in Western Balkan countries.
subject: Articles
  topic: section
subject: fintech
  topic: keywords
subject: global value chains
  topic: keywords
subject: financial ratio analysis
  topic: keywords
subject: benchmarking
  topic: keywords
subject: Western Balkans
  topic: keywords
creator: Gentjan Shaqiri
creator: Jolta Kacani
creator: Gazmend Qorraj
rights: Copyright (c) 2024 Gentjan Shaqiri , Jolta Kacani, Gazmend Qorraj https://creativecommons.org/licenses/by-nc/4.0
date: 2024-12-03
publication date: 2024-12-03
starting page: 206
ending page: 224
doi: 10.17979/ejge.2024.13.2.10173

Investor sentiment and Euro area ETFs: an empirical analysis of consumer behaviour
type: item
description: The goal of this article is to study the relationship between investor sentiment and Euro area Exchange Traded Funds (ETFs), providing insights into the dynamics of market behaviour and the impact of consumer behaviour on investment patterns within the Eurozone. This paper has employed panel data analysis, correlation analysis, regression analysis, and the Granger causality test to investigate the relationship between ETFs and the consumer confidence index (CCI). Results suggest that CCI significantly negatively affects ETF pricing. While a weak positive correlation and regression relationship between iShares MSCI Eurozone ETF prices and CCI 19 Euro area markets have been found, the Granger causality test did not provide evidence of a causal relationship between the two variables. Other factors, such as financial stability, government regulations, and market-specific factors, may also affect ETF prices. The study concludes that, while CCI may be important, it should not be the only factor considered.
subject: Articles
  topic: section
subject: markets
  topic: keywords
subject: Euro area
  topic: keywords
subject: confidence index
  topic: keywords
subject: behavioural finance
  topic: keywords
subject: European Exchange Traded Fund
  topic: keywords
creator: Pavlo Dziuba
creator: Maryna Hrysenko
creator: Kyryl Shtogrin
rights: Copyright (c) 2024 Pavlo Dziuba, Maryna Hrysenko, Kyryl Shtogrin https://creativecommons.org/licenses/by-nc/4.0
date: 2024-12-03
publication date: 2024-12-03
starting page: 165
ending page: 188
doi: 10.17979/ejge.2024.13.2.10225

Key competencies and role profiles for sports managers: a multi-dimensional analysis
type: item
description: Sports organizations, to be profitable and competitive, become structures that demand the integration of competent personnel with certain characteristics and specific attributes determined by the job profile. This position rests on the purpose of productivity through good performance to fulfill the mission, vision, policies, goals, or objectives of the organization. Preceding from the above, there is diversification regarding the competencies, attributes, elements, and operational components that a sports manager must adopt to practice their profession successfully. In this sense, the aim of this study is to determine the elements and ideal holistic components that integrate the competencies and job profiles of the sports manager in the professional context. The research methodology uses nine variables in three dimensions: one related to six levels of mastery in sports management, another that refers to competencies, and one more that focuses on the job profile, resulting in 15 specific traits that a sports manager must develop to be professionally competent.
subject: Articles
  topic: section
subject: job profile
  topic: keywords
subject: competence
  topic: keywords
subject: sports management
  topic: keywords
subject: sports manager
  topic: keywords
subject: management skills
  topic: keywords
creator: Daniel Carranza-Bautista
creator: Manel Valcarce-Torrente
creator: Blanca Esneda Amaya-Sánchez
creator: Claudia Fernanda Rojas-Núñes
rights: Copyright (c) 2024 Daniel Carranza-Bautista, Manel Valcarce-Torrente, Blanca Esneda Amaya-Sánchez, Claudia Fernanda Rojas-Núñes https://creativecommons.org/licenses/by-nc/4.0
date: 2024-12-03
publication date: 2024-12-03
starting page: 225
ending page: 239
doi: 10.17979/ejge.2024.13.2.10584

Do rising interest rates matter for bank profitability? Evidence from Portuguese banks
type: item
description: The purpose of this paper is to analyse the profitability determinants of seventeen banks operating in Portugal from 2013 to 2023. The banking market has changed significantly, particularly since 2021, when Euribor grew rapidly to control inflation target. Methodologically, a hypothetical-deductive approach was used based on panel data collected from banks' published accounts. To generate results, grouped ordinary least squares were applied, as the Breusch-Pagan test confirms homoscedasticity, an essential assumption in this regression model. Internal variables considered include credit quality, capital adequacy, management quality, financial margin, and bank size, alongside an external variable, the Euribor. The findings reveal that credit risk, capital adequacy, management capacity, and Euribor are the most statistically significant for both return on equity and return on assets, with Euribor emerging as the greatest statistically significant variable. The analysis of Euribor as an explanatory variable represents the key contribution of this study relative to the existing and reviewed literature.
subject: Articles
  topic: section
subject: banks
  topic: keywords
subject: profitability
  topic: keywords
subject: Euribor
  topic: keywords
creator: Clara Pires
creator: Carlos Borralho
creator: Ana Cantarinha
rights: Copyright (c) 2024 Clara Pires, Carlos Borralho, Ana Cantarinha https://creativecommons.org/licenses/by-nc/4.0
date: 2024-12-03
publication date: 2024-12-03
starting page: 120
ending page: 135
doi: 10.17979/ejge.2024.13.2.10853

Do natural resources hinder or help? Exploring economic development in EU countries through human and institutional lenses
type: item
description: This study investigates the impact of natural resource dependence and abundance on economic development in 21 EU countries from 1996 to 2019, focusing on critical gaps in the literature on resource-driven development. Using the Generalized Method of Moments (GMM), we address issues of endogeneity, heterogeneity, and cross-sectional dependence issues to capture nuanced relationships. Findings indicate that natural resource dependence and abundance are negatively associated with development in the EU; economic growth, however, positively reinforces it. Additionally, the observed patterns consistent with the resource curse are associated with lower development outcomes. Considering the impact of natural resources alongside economic growth, human capital, and institutional quality factors, this study provides valuable insights for EU policymakers, highlighting the need for sustainable and inclusive resource management policies. In a broader sense, the findings are robust for resource-rich countries aimed at achieving sustainable development.
subject: Articles
  topic: section
subject: Human Development Index
  topic: keywords
subject: natural resources
  topic: keywords
subject: economic growth
  topic: keywords
subject: institutional quality
  topic: keywords
subject: panel data
  topic: keywords
subject: GMM
  topic: keywords
creator: Mert Gül
creator: Mustafa Batuhan Tufaner
rights: Copyright (c) 2025 Mert Gül, Mustafa Batuhan Tufaner https://creativecommons.org/licenses/by-nc/4.0
date: 2025-12-17
publication date: 2025-12-17
starting page: 164
ending page: 184
doi: 10.17979/ejge.2025.14.2.11363

Public debt and fiscal consolidation in the Western Balkans: a panel analysis of growth effects
type: item
description: This study examines the impact of public debt on economic growth and the effects of fiscal consolidation efforts in the Western Balkan countries (WB6)—Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia. Utilizing a dual methodology of descriptive and panel data analysis, the research investigates whether higher public debt adversely affects economic growth and if fiscal consolidation measures lead to improved economic outcomes. The descriptive analysis identifies fiscal consolidation periods based on improvements in the cyclically-adjusted primary budget balance and subsequent changes in the public debt-to-GDP ratio. The econometric analysis employs both fixed-effects and random-effects panel regression models, using data from International Monetary Fund (IMF) - World Economic Outlook Databases covering the period 2000-2023. The findings reveal that higher levels of public debt are detrimental to economic growth across the WB6 countries. Conversely, successful fiscal consolidation, characterized by reductions in government expenditure relative to GDP, correlates with enhanced economic growth. The study underscores the importance of maintaining prudent debt levels and implementing effective fiscal policies. Recommendations for policymakers include prioritizing debt reduction strategies, improving revenue collection, and investing savings in infrastructure, education, and innovation to support long-term economic stability and growth.
subject: Articles
  topic: section
subject: Western Balkans
  topic: keywords
subject: debt-to-GDP ratio
  topic: keywords
subject: fiscal consolidation
  topic: keywords
subject: economic growth
  topic: keywords
subject: panel data analysis
  topic: keywords
creator: Artina Kamberi
creator: Abdylmenaf Bexheti
rights: Copyright (c) 2025 Artina Kamberi, Abdylmenaf Bexheti https://creativecommons.org/licenses/by-nc/4.0
date: 2025-12-17
publication date: 2025-12-17
starting page: 147
ending page: 163
doi: 10.17979/ejge.2025.14.2.11181

Exploring citizen participation in fiscal control: insights from Manizales, Colombia
type: item
description: The objective of this study is to identify the fundamental determinants of citizen participation within the framework of the "Let's Take Control" initiative, implemented by the General Comptroller's Office of Manizales Municipality during 2020-2021, with a specific focus on fostering public participation in Fiscal Control. Utilizing a two-stage mixed-method methodology, the research encompasses surveys administered to citizen observers, municipal officials, and the general population, followed by a descriptive exploratory analysis. Subsequent to data collection, a series of statistical analyses is conducted, including chi-square and ANOVA tests, along with Ordinary Least Squares Linear Regression. Additionally, a Generalized Linear Model (GLM) is estimated. The findings unequivocally demonstrate a positive impact on citizen participation facilitated by the "Let's Take Control" strategy. Furthermore, positive correlations emerge between participation frequency and variables such as invitations to participation exercises, age groups of participants, and their socio-economic strata within events organized by the General Comptroller's Office of Manizales Municipality-Colombia.
subject: Articles
  topic: section
subject: public strategy
  topic: keywords
subject: citizen participation
  topic: keywords
subject: fiscal control
  topic: keywords
subject: government
  topic: keywords
creator: Carlos David Cardona-Arenas
creator: Johary Andrea Campuzano
rights: Copyright (c) 2024 Carlos David Cardona-Arenas, Johary Andrea Campuzano https://creativecommons.org/licenses/by-nc/4.0
date: 2024-06-06
publication date: 2024-06-06
starting page: 29
ending page: 47
doi: 10.17979/ejge.2024.13.1.9953