📈 economics

A Strategic Pathway Framework for Industry 5.0-Enabled Net-Zero Manufacturing toward Sustainable Industrial Transition

This study proposes a hierarchical framework identifying 12 critical success factors for Industry 5.0-enabled net-zero manufacturing, utilizing FISM and MICMAC analyses to reveal that government support serves as a foundational catalyst while the integration of digital technology and green commitments functions as a dependent outcome, thereby outlining a strategic pathway for sustainable industrial transition.

ShuJin Chen, Chih-Hung Hsu, Lin Tan2026-09-02
📈 economics

Virtuous cycles in knowledge transfers: Portals to more persistent and beneficial relations

Using Swiss firm-level data from 1999 to 2017, this study reveals that while financial constraints and limited absorptive capacity often lead to discontinuous knowledge transfer, specific forms like research consortia can serve as accessible entry points for resource-constrained firms to build organizational capital and establish virtuous cycles toward persistent, beneficial university-industry relationships.

Florian Hulfeld, Dominique Foray, Martin Woerter2026-09-02
📈 economics

Infrastructure Investments and Banking Stability: Does Regulatory Quality Matter in Developing Countries?

This study of 43 developing countries from 2000 to 2022 reveals that while transport infrastructure investment enhances banking stability and energy investment undermines it, high regulatory quality (specifically above a threshold of 0.295) not only amplifies the benefits of transport and ICT investments but also reverses the negative impact of energy investments on banking stability.

Eric Obama OBAMA OBAMA2026-09-02
📈 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