📈 economics

Infrastructure, Education Spending, and Economic Growth: Absorptive Capacity Constraints on Complementarity across Sub-Saharan Africa, Asia, and Latin America

This study challenges the assumption that infrastructure and education spending inherently generate complementary growth returns across developing economies, finding instead that while capital formation and digital connectivity drive growth, education expenditure fails to activate infrastructure's potential due to absorptive capacity constraints and service-delivery failures.

Pele Ernest Botsyoe2026-09-02
📈 economics

The Fiscal Cost of Currency Defense: Hot Money Inflows, Sovereign Risk Spreads, and Sudden-Stop Vulnerability in Egypt

This paper utilizes causal Double Machine Learning on Egyptian data from 2010 to 2026 to demonstrate that foreign portfolio inflows ("hot money") impose severe fiscal costs and trigger explosive sovereign debt dynamics beyond a 22.5% concentration threshold, proposing dynamic reserve requirements and Quanto-indexed debt as effective mechanisms to mitigate these risks and save hundreds of billions in fiscal costs.

Mohamed Fawzy AbdulAziz2026-09-02
📈 economics

When Governance Talks Back: Board Composition as a Boundary Condition of the ESG–Firm Value in Saudi Arabia

This study of Saudi non-financial firms reveals that while ESG disclosure generally correlates with a firm-value penalty, board composition attributes—specifically gender diversity, size, and expertise—act as critical boundary conditions that differentially moderate this relationship, with gender diversity and board size offering distinct, often substitutive or performance-dependent, effects on value across the distribution of firm performance.

KHALID ALSAKEB2026-09-01
📈 economics

Inland Port Innovation and Firm Internationalization: A Hybrid SEM–fsQCA Analysis of Supply Chain Cognition and Institutional Dynamics

This study employs a hybrid SEM–fsQCA analysis of 372 Chinese enterprises to demonstrate that inland port innovations drive firm internationalization by enhancing supply chain resilience and cost cognition, which—alongside strengthened institutional mechanisms—foster internal and external motivations, with internal motivation proving particularly impactful through four distinct configurational pathways.

Xiaoyu Zhang, Guan Wang, Maowei Chen2026-09-01
📈 economics

Scope 3 Emissions Tracking and Circular Supply Chain Performance, the Mediating Role of Supplier Sustainability Collaboration and Moderating Influence of Data Transparency

This study empirically demonstrates that Scope 3 Emissions Tracking significantly enhances Circular Supply Chain Performance, both directly and indirectly through Supplier Sustainability Collaboration, with Data Transparency serving as a critical moderator that strengthens these relationships based on a survey of 328 Ghanaian firms.

Abdul-Basit Danjoe Munkaila, Abdul-Aziz Mustapha, Adam Sandow Saani2026-09-01
📈 economics

Synergistic policy on pilot free trade zone and national e-commerce demonstration city to promote urban-rural industry integration: Evidence from China

Using a DID approach on data from 285 Chinese cities (2008–2023), this study demonstrates that the synergistic implementation of Pilot Free Trade Zones and National E-commerce Demonstration Cities significantly promotes urban-rural industrial integration by fostering entrepreneurial vitality, rural e-commerce, and digital transformation, with effects varying across regions.

Chuanglin Fang, Xuewei Zhang, Wanxu Chen2026-09-01
📈 economics

Economic Openness and the Regional Output- Employment-Poverty Nexus in Indonesia: A Fixed-Effects IV Approach

Using a Fixed-Effects IV approach on Indonesian provincial data from 2017 to 2024, this study finds that while economic openness boosts regional output and modestly reduces unemployment, it fails to directly alleviate poverty, highlighting that inclusive development requires complementing openness with employment-oriented strategies, human capital investment, and productive public expenditure.

Wiwiek Rindayati, Fahmi Salam Ahmad, Gerhana Gerhana2026-09-01