Boosting productive capacity in OECD countries: Unveiling the roles of geopolitical risk and globalization
- Title
- Boosting productive capacity in OECD countries: Unveiling the roles of geopolitical risk and globalization
- Creator
- Pal S.; Mahalik M.K.; Zhao Q.; Liu F.; Soliman A.M.
- Description
- This study examines the intertwined effects of geopolitical risk and globalization on productive capacity (the measure of economic cycles) in 20 Organisation for Economic Cooperation and Development (OECD) countries from 2000 to 2021. The panel threshold regression and Driscoll-Kraay standard error estimations highlight the positive impact of globalization on productive capacity. Still, they are underscored by the negative effect of geopolitical risk. The study also unveils a synergistic relationship, demonstrating that the combined influence of globalization and geopolitical risk can amplify productive capacity under specific conditions. Government effectiveness and innovation have positive effects on productive capacities. These findings underscore the need for balanced policies that leverage global economic integration while ensuring geopolitical stability, and offering nuanced insights to guide strategic decision-making for sustained economic cycles. 2024 Elsevier Inc.
- Source
- Technological Forecasting and Social Change, Vol-202
- Date
- 2024-01-01
- Publisher
- Elsevier Inc.
- Subject
- Economic cycles; Geopolitical risk; Globalization; Panel threshold regression; Productive capacity
- Coverage
- Pal S., Department of Humanities and Social Sciences, Indian Institute of Technology Kharagpur, West Bengal, India, Christ University, Karnataka, Bengaluru, India; Mahalik M.K., Department of Humanities and Social Sciences, Indian Institute of Technology Kharagpur, West Bengal, India; Zhao Q., Institute of New Structural Economics, Peking University, Beijing, China; Liu F., Institute of New Structural Economics, Peking University, Beijing, China; Soliman A.M., Leeds Business School, Leeds Beckett University, United Kingdom
- Rights
- Restricted Access
- Relation
- ISSN: 401625
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Pal S.; Mahalik M.K.; Zhao Q.; Liu F.; Soliman A.M., “Boosting productive capacity in OECD countries: Unveiling the roles of geopolitical risk and globalization,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/13131.