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Investigating the relationship between geopolitical risks and economic security: Empirical evidence from central and Eastern European countries

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  • Khan, Khalid
  • Khurshid, Adnan
  • Cifuentes-Faura, Javier

Abstract

The study employs panel bootstrap Granger causality to investigate the relationship between geopolitical risks and economic security in Central and Eastern European countries. The findings reveal that geopolitical risks have a meaningful impact on economic security in several countries, such as the Czech Republic, Hungary, Latvia, Lithuania, Poland, and Slovakia. Furthermore, the results imply that changes in geopolitical risks can significantly influence economic and social outcomes in these countries. Additionally, the study demonstrates that economic security significantly affects geopolitical risks in the Czech Republic, Hungary, Latvia, Poland, Slovenia, and Slovakia, driven by various domestic and international factors. Therefore, vulnerable countries need to assess risks and develop contingency plans, while policymakers should prioritize democracy and social cohesion, reduce inequality and instability.

Suggested Citation

  • Khan, Khalid & Khurshid, Adnan & Cifuentes-Faura, Javier, 2023. "Investigating the relationship between geopolitical risks and economic security: Empirical evidence from central and Eastern European countries," Resources Policy, Elsevier, vol. 85(PA).
    • Handle: RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723005834
    DOI: 10.1016/j.resourpol.2023.103872
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    Cited by:

    1. António Afonso & José Alves & Sofia Monteiro, 2023. "Beyond Borders: Assessing the Influence of Geopolitical Tensions on Sovereign Risk Dynamics," CESifo Working Paper Series 10801, CESifo.
    2. Khan, Khalid & Su, Chi Wei & Khurshid, Adnan & Qin, Meng, 2023. "Does energy security improve renewable energy? A geopolitical perspective," Energy, Elsevier, vol. 282(C).

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    More about this item

    Keywords

    Geopolitical risk; Economic security; Energy security; Political instability; Panel bootstrap causality;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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