Economic Policy Uncertainty and Entrepreneurship in Oil-Producing Countries: Does Institution Matter? DOI
Mahboubeh Jafari

Published: Jan. 1, 2023

In recent decades, there has been a notable increase in global Economic Policy Uncertainty (EPU). EPU exerts significant impact on entrepreneurial activities. However, existing empirical studies report mixed findings. Focusing the oil-rich developing countries, we aim to resolve these conflicting findings by investigating mediating role of institutional quality relationship between and The World Index (WUI) is employed as indicator (EPU), developed Ahir et al. (2022). To mitigate endogeneity issues, employ series panel data models estimated using Generalized Method Moments (GMM). estimation results validate presence oil curse hypothesis. Additionally, our indicate that increased levels WUI are linked negative association with new business formation. Furthermore, illustrate country's institutions plays pivotal shaping how economic uncertainty impacts Consequently, discovery underscores vital mitigating adverse effects entrepreneurship. These remain consistent across various measurements alternative indicators This study's conclusions have implications for both policy management.

Language: Английский

Executives’ postgraduate education and corporate ambidextrous innovation: evidence from China’s listed companies DOI Creative Commons
Chen Pei, Hongyu Liu, Yifang Ma

et al.

Humanities and Social Sciences Communications, Journal Year: 2025, Volume and Issue: 12(1)

Published: Feb. 15, 2025

Language: Английский

Citations

0
Climate policy uncertainty and corporate ESG performance: evidence from Chinese listed companies DOI
Zhifeng Dai,

Qinnan Jiang

China Finance Review International, Journal Year: 2025, Volume and Issue: unknown

Published: March 7, 2025

Purpose This study aims to investigate the relationship between climate policy uncertainty (CPU) and corporate environmental, social governance (ESG) performance. We attempt uncover underlying rationale of how CPU influences ESG performance provides empirical evidence for companies’ strategic enhancement with risk reduction objectives. Design/methodology/approach conduct a regression analysis using panel data from 4,490 Chinese listed companies spanning period 2011 2022. In addition, we use propensity score matching (PSM), two-stage least squares (2SLS), system generalized method moments (sys-GMM) difference-in-differences (DID) methods analyze enterprise systematic risk. Findings The findings reveal positive correlation performance, stronger effect observed in non-state-owned enterprises, heavy-polluting industries those facing fierce market competition strict environmental regulation. Mechanism suggests that as increases, higher systemic tend improve more significantly, highlighting mitigation primary motive. Robustness tests further validate consistency our conclusions. Additionally, find enhancing helps mitigate risks total factor productivity arising increased CPU. Originality/value examines impact on its logic. conclusions this paper provide important references coordinated development security, well effectively mitigating adverse hope offer insights identify potential factors, thereby their level sustainable sense responsibility.

Language: Английский

Citations

0
Revisiting causalities of economic and non-economic factors on oil prices in major oil-exporting countries: a novel approach DOI
Melike Bildirici, Levent Erdoğan

Energy Sources Part B Economics Planning and Policy, Journal Year: 2025, Volume and Issue: 20(1)

Published: May 6, 2025

Language: Английский

Citations

0
How does green investment, financial inclusion, and digitalization drive environmental sustainability in China? A perspective based on quantile-on-quantile regression and wavelet coherence analysis DOI
Xiaomeng Deng, Satar Bakhsh, Kishwar Ali

et al.

Environment Development and Sustainability, Journal Year: 2024, Volume and Issue: unknown

Published: April 24, 2024

Language: Английский

Citations

3
What facilitates green economic growth in mineral-endowment countries? The role of digital financial inclusion, mineral resources, and economic governance DOI
Satar Bakhsh, Md Shabbir Alam, Kishwar Ali

et al.

Mineral Economics, Journal Year: 2024, Volume and Issue: unknown

Published: May 16, 2024

Language: Английский

Citations

2
Natural gas rents and institutions as co-growth drivers: evidence from Gas Exporting Countries Forum with a panel 2SLS approach DOI
Temitope Abraham Ajayi

International Journal of Energy Sector Management, Journal Year: 2023, Volume and Issue: 18(3), P. 474 - 499

Published: May 5, 2023

Purpose This study aims to investigate the implications of natural gas rents and institutions as co-drivers economic growth, focusing on Gas Exporting Countries Forum (GECF) with panel data between 2001 2021. Design/methodology/approach research paper uses a specialised two stage estimator, instrumental variable technique (panel IV), which takes care potential endogeneity issues in model. Findings The findings show that rent significantly impacts growth GECF. On average, increases sample’s rate by about 2.634% percentage points short run. result indicates qualities (political economic) have significant positive long-term effect economies In addition, study’s energy price volatility positively correlates countries’ growth. Research limitations/implications There might be need effects co-growth drivers each country within likelihood exists impact at country’s level may differ from outcome such an experiment group level. Because space time limitations, this could not carry out specific investigation driver. That limitation constitute further advance new height. Practical With good institutions, is likely alternative driver for some rely fossil fuels like oil By extension, GECF has rival Organisation Petroleum (OPEC) global market, particularly achieving Sustainable Development Goal number seven. essence, evidence suggests GECF, conditioned institutions. Moreover, drive consumption towards sustainable usage blessing demand would continue rise, creating opportunities improve rents. implication, benefit pursuit sustainability world shifts less CO 2 . Originality/value Firstly, models Secondly, best author’s knowledge, first attempt examine co-determinants among (a cartel).

Language: Английский

Citations

6
Does economic policy uncertainty influence executive compensation stickiness? Firm-level evidence from China DOI

Qiaoyu Jia,

Jianan Zhou

Economic Analysis and Policy, Journal Year: 2024, Volume and Issue: 83, P. 562 - 582

Published: July 14, 2024

Language: Английский

Citations

1
How does climate policy uncertainty influence sustainable development? Unraveling role of recycling and natural resources in the United States DOI
Ilma Sharif, Syed Tehseen Jawaid, M. Saiful Islam Khan

et al.

Mineral Economics, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 21, 2024

Language: Английский

Citations

1
Analysis of Crude Oil Market Volatility and Macroeconomic Conditions: Empirical Evidence from Nigeria DOI Creative Commons
Nuhu Musa

Review of Business and Economics Studies, Journal Year: 2024, Volume and Issue: 11(4), P. 61 - 71

Published: Feb. 12, 2024

This study aims to investigate the relationship between volatility of crude oil market and macroeconomic conditions in Nigeria. The author used methods auto-regressive distributed lag (ARDL) model conjunction with generalized autoregressive conditional heteroscedasticity (GARCH) determine extent using a monthly dataset from January 2012 December 2022. regressed price index on Organization Petroleum Exporting Countries (OPEC) production quotas, conflicts, GDP growth rate, exchange rate inflation. r esults indicate that relates negatively GDP, implying prices dampens paper concludes rising heighten inflation, depreciate depress To hedge against volatility, recommends Nigerian government adopt policy measures would increase energy efficiency reduce country’s dependency exports through diversification other related productive sectors such as agriculture manufacturing.

Language: Английский

Citations

0
How does oil policy uncertainty influence resource rents? New empirical evidence from Organization of the Petroleum Exporting Countries DOI
Umar Farooq, Jun Wen, Salem Hamad Aldawsari

et al.

Economics and Politics, Journal Year: 2024, Volume and Issue: unknown

Published: Aug. 26, 2024

Abstract The uncertainty surrounding oil‐related policies has raised concerns about its influence on revenues derived from resource extraction activities. In this view, the current study aims to investigate nuanced relationship between oil policy (OPU) and rents, focusing rents (ORTs), natural gas (NRTs), total (TRT). Analyzing data spanning 1985 2019 across Organization of Petroleum Exporting Countries, various econometric models including DOLS, FMOLS, autoregressive distributed lag are employed assess impact OPU rents. empirical findings reveal a significant negative effect heightened levels indicating reduction in ORT, NRT, TRT. This underscores deterrence long‐term investments exploration production due regulatory unpredictability, leading decreased Additionally, increased contributes volatility prices, disrupting stability Furthermore, variables such as FDI inflow, inflation rate, banking sector development exhibit positive relationships with emphasizing their role bolstering resources. study's implications highlight necessity for policymakers address mitigate foster sustainable within resource‐driven economies. existing literature by offering insights into adverse

Language: Английский

Citations

0