IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v202y2024ics0040162524000878.html
   My bibliography  Save this article

Boosting productive capacity in OECD countries: Unveiling the roles of geopolitical risk and globalization

Author

Listed:
  • Pal, Shreya
  • Mahalik, Mantu Kumar
  • Zhao, Qiuyun
  • Liu, Fan
  • Soliman, Alaa M.

Abstract

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.

Suggested Citation

  • Pal, Shreya & Mahalik, Mantu Kumar & Zhao, Qiuyun & Liu, Fan & Soliman, Alaa M., 2024. "Boosting productive capacity in OECD countries: Unveiling the roles of geopolitical risk and globalization," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    • Handle: RePEc:eee:tefoso:v:202:y:2024:i:c:s0040162524000878
    DOI: 10.1016/j.techfore.2024.123291
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162524000878
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2024.123291?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:202:y:2024:i:c:s0040162524000878. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.