Journal of Public Affairs最新文献_第2页

From Disruption to Opportunity: The Role of Non-Linear Global Innovation and Uncertainty in Bank Performance 从破坏到机遇：非线性全球创新和不确定性在银行绩效中的作用

IF 1.8

Journal of Public Affairs Pub Date : 2026-03-18 DOI: 10.1002/pa.70123

Ray Saadaoui Mallek, Mohamed Albaity, Ahmed Mohiy-Aldin, Ijaz Ur Rehman

{"title":"From Disruption to Opportunity: The Role of Non-Linear Global Innovation and Uncertainty in Bank Performance","authors":"Ray Saadaoui Mallek, Mohamed Albaity, Ahmed Mohiy-Aldin, Ijaz Ur Rehman","doi":"10.1002/pa.70123","DOIUrl":"https://doi.org/10.1002/pa.70123","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the non-linear impact of the Global Innovation Index (GII) on the performance of banks in the MENA region from 2010 to 2023. Focusing on three key performance metrics—Return on Equity (ROE), Tobin's Q (TQ), and Stock Market Returns no (SR)—the analysis reveals that while innovation initially boosts performance, excessive levels of innovation may lead to diminishing returns, particularly for Tobin's Q and Stock Market Returns. The non-linear relationship between innovation and ROE shows a U-shaped pattern, where performance first declines before improving at higher levels of innovation. Further analysis reveals that larger banks and those in high-GII countries derive stronger benefits from innovation, though these advantages vary across performance measures. Our findings underscore the need for balanced innovation strategies and stable policy environments to maximize bank performance in the MENA region. Policymakers should prioritize reducing uncertainty, while banks must tailor innovation investments to their specific contexts to avoid overexposure to diminishing returns.</p>\u0000 </div>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"26 2","pages":""},"PeriodicalIF":1.8,"publicationDate":"2026-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147566702","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Impact of Financial Advice on Investment Consistency: Evidence From ESG and Cryptocurrency Investors 财务建议对投资一致性的影响：来自ESG和加密货币投资者的证据

IF 1.8

Journal of Public Affairs Pub Date : 2026-03-18 DOI: 10.1002/pa.70126

Vikesh Kumar, Khalid Ahmed

{"title":"Impact of Financial Advice on Investment Consistency: Evidence From ESG and Cryptocurrency Investors","authors":"Vikesh Kumar, Khalid Ahmed","doi":"10.1002/pa.70126","DOIUrl":"https://doi.org/10.1002/pa.70126","url":null,"abstract":"<p>As individual investors increasingly flock toward cryptocurrency and Environmental, Social, and Governance (ESG) products, understanding the drivers behind these choices is critical for market stability. This study utilizes nationally representative data from the 2021 and 2024 National Financial Capability Study (NFCS) Investor Surveys to examine the “ESG-crypto paradox,” a phenomenon where ESG-oriented retail investors are more likely to hold digital assets despite their known environmental footprint. Applying Probit and Instrumental Variable (IV) Probit estimations, the results reveal a significant positive association between high ESG preferences and ownership of crypto assets. Interestingly, while financial advice generally has a negative standalone impact on crypto investment due to the risk-mitigating role of fiduciaries, it acts as a positive moderator for ESG-conscious clients. The analysis further identifies an “illusion of knowing,” where high subjective confidence masks a lack of objective literacy, often fueled by social media narratives. These findings provide crucial insights for policymakers and researchers on the necessity of standardized risk labeling and targeted financial education to help investors navigate the discrepancies between innovative digital assets and sustainable investment values in the U.S. market.</p>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"26 2","pages":""},"PeriodicalIF":1.8,"publicationDate":"2026-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/pa.70126","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147566671","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Role of Liberal Democracy and Policy Uncertainty in Shaping Economic Growth: An Empirical Analysis 自由民主和政策不确定性在塑造经济增长中的作用：一个实证分析

IF 1.8

Journal of Public Affairs Pub Date : 2026-03-18 DOI: 10.1002/pa.70125

Jadhav Chakradhar, Prashant Kumar Choudhary, Arun Kumar Bairwa

{"title":"The Role of Liberal Democracy and Policy Uncertainty in Shaping Economic Growth: An Empirical Analysis","authors":"Jadhav Chakradhar, Prashant Kumar Choudhary, Arun Kumar Bairwa","doi":"10.1002/pa.70125","DOIUrl":"https://doi.org/10.1002/pa.70125","url":null,"abstract":"<div>\u0000 \u0000 <p>The world is witnessing a decline in democratic quality alongside a rise in economic policy uncertainty (EPU). This trend is significant because democratic institutions are shaped not only by political conditions but also by the economic and policy environment in which they operate. Although the literature has extensively examined the democracy–growth and uncertainty–growth relationships separately, limited empirical evidence exists on their joint impact on economic growth. This study addresses this gap by examining the combined effects of liberal democracy and EPU on economic growth across 21 countries from 1997 to 2021. The empirical results confirm a stable long-run relationship among the variables. GDP is positively associated with the Liberal Democracy Index (LDI) and negatively associated with EPU, after controlling for foreign direct investment (FDI), trade openness, and the consumer price index (CPI). In addition, the interaction term (LDI × EPU) has a positive and significant effect on GDP, suggesting that stronger liberal democratic institutions enhance economic resilience under conditions of elevated uncertainty. Panel causality results further reveal bidirectional causality between LDI and GDP, along with a unidirectional causal effect from LDI × EPU to GDP. Our findings underscore the centrality of a robust democratic framework in fostering sustainable economic growth, while highlighting the necessity of policy interventions that mitigate economic uncertainty.</p>\u0000 </div>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"26 2","pages":""},"PeriodicalIF":1.8,"publicationDate":"2026-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147566697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does Knowledge Empower Climate Action? The Moderating Role of Governance in the Education–Carbon Neutrality Nexus 知识能推动气候行动吗？治理在教育-碳中和关系中的调节作用

IF 1.8

Journal of Public Affairs Pub Date : 2026-03-13 DOI: 10.1002/pa.70121

Charles Shaaba Saba, Ariane Ephemia Ndzignat Mouteyica, Nicholas Ngepah

引用次数: 0

Configuration Analysis of Resource Allocation Efficiency Based on DEA and fsQCA: Evidence From China's Defense Science and Technology 基于DEA和fsQCA的资源配置效率配置分析——来自中国国防科技的证据

IF 1.8

Journal of Public Affairs Pub Date : 2026-03-11 DOI: 10.1002/pa.70119

Zilong Wang, Bingyang Zhou, Hechang Cai, Zhiwen Zhang

引用次数: 0

Food Security in South Asia: Assessing the Role of Energy Availability 南亚的粮食安全：评估能源供应的作用

IF 1.8

Journal of Public Affairs Pub Date : 2026-03-10 DOI: 10.1002/pa.70114

Bashir Ahmad Fida, Ahmed Alhayky, Muhammad Zakaria, Fatima Sohail, Hamid Mahmood

{"title":"Food Security in South Asia: Assessing the Role of Energy Availability","authors":"Bashir Ahmad Fida, Ahmed Alhayky, Muhammad Zakaria, Fatima Sohail, Hamid Mahmood","doi":"10.1002/pa.70114","DOIUrl":"https://doi.org/10.1002/pa.70114","url":null,"abstract":"<div>\u0000 \u0000 <p>Energy poverty poses a threat to food security in South Asian countries. The study intends to evaluate the influence of energy availability on food security in South Asia using panel data for the period 2000 to 2022. The study has constructed an energy availability index as a proxy for energy availability to gauge its influence on food security. Other variables included in the analysis are agriculture labor, agriculture capital, military expenditure, remittances, income growth, and financial development. The model is estimated by using panel cointegration, fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) techniques. The estimated results demonstrate that energy availability significantly and positively affects food security in South Asia. Agriculture capital, remittances, income growth, and financial development improve food security, while agriculture labor and military expenditure deteriorate food security in the region. Governments need to increase energy availability mainly through renewable energy sources to ensure food security in the region.</p>\u0000 <p><b>JEL Classifications:</b> C23, O13, Q43</p>\u0000 </div>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"26 2","pages":""},"PeriodicalIF":1.8,"publicationDate":"2026-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147653155","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Industrial Investment Behaviour in India: Regional Level Analysis 印度工业投资行为：区域层面分析

IF 1.8

Journal of Public Affairs Pub Date : 2026-03-07 DOI: 10.1002/pa.70124

Ashwani, Sweety Garg

{"title":"Industrial Investment Behaviour in India: Regional Level Analysis","authors":"Ashwani, Sweety Garg","doi":"10.1002/pa.70124","DOIUrl":"https://doi.org/10.1002/pa.70124","url":null,"abstract":"<div>\u0000 \u0000 <p>Balanced regional development has remained a central policy agenda across economies, wherein policymakers have underscored the role of productivity-led economic growth. In this regard, Indian states are actively pursuing their growth-oriented strategies, especially in enhancing productive capital, as reflected in investment. Despite the policy push, India's investment has remained cyclical in the past two decades. With this background, the study aims to understand the trends and patterns of industrial investment across Indian states and to identify the crucial factors affecting regional investment variability, thereby serving as a basis of policy lessons for states experiencing weak investment rates. The study performs the dynamic panel ARDL approach through MG and PMG estimations over the panel data set of 16 regions of India during 1991–2023. The empirical results find that state-level growth prospects, industrial productivity and financial liquidity create a positive impact on the investment, whereas the widening state fiscal deficit, skewed bank credit and poor infrastructure facilities appear to be weakening the investment. States, especially Bihar, Madhya Pradesh, Uttar Pradesh, Kerala and West Bengal, can manage these investment drivers for attaining the productivity-led growth.</p>\u0000 </div>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"26 2","pages":""},"PeriodicalIF":1.8,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147653290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Determinants of Nontax Revenue Buoyancy in Middle-Income Countries: The Role of Money Supply and Corporate Profitability 中等收入国家非税收入弹性的决定因素：货币供给和企业盈利能力的作用

IF 1.8

Journal of Public Affairs Pub Date : 2026-03-01 DOI: 10.1002/pa.70120

Engy Raouf

{"title":"Determinants of Nontax Revenue Buoyancy in Middle-Income Countries: The Role of Money Supply and Corporate Profitability","authors":"Engy Raouf","doi":"10.1002/pa.70120","DOIUrl":"10.1002/pa.70120","url":null,"abstract":"<div>\u0000 \u0000 <p>Growing fiscal deficits in middle-income countries make enhanced domestic revenue mobilization essential for achieving the sustainable development goals. This paper explores nontax revenue buoyancy in 26 middle-income countries over the period from 2005 to 2020, focusing on the roles of money supply and corporate profitability. The Generalized Method of Moments approach, along with a novel application of panel quantile regression, is used to address endogeneity issues and capture the heterogeneous effects of these determinants across different levels of NTR buoyancy. NTR is found to be nonbuoyant in most countries, except for resource-rich nations such as Angola and Azerbaijan. Corporate profitability and money supply show the strongest negative effect on NTR buoyancy. The quantile regression results reveal substantial variation: at low NTR levels (10th percentile), profitability and money supply positively influence buoyancy, whereas GDP growth has negative effects. This pattern reverses at high NTR levels (90th percentile). These findings highlight the importance of personalized fiscal policies and emphasize the key roles of money supply and corporate profitability in achieving fiscal sustainability. Countries should prioritize reforms in state-owned enterprises, coordinate fiscal and monetary policies prudently, and adopt context-specific strategies based on their NTR performance levels to enhance fiscal sustainability and advance progress toward the sustainable development goals.</p>\u0000 </div>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"26 2","pages":""},"PeriodicalIF":1.8,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147653242","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Institutional Governance and Global FDI Convergence: Examining the Impact of Institutional Quality on Investment Flows 制度治理与全球FDI趋同：制度质量对投资流动影响的检验

IF 1.8

Journal of Public Affairs Pub Date : 2026-03-01 DOI: 10.1002/pa.70116

Sodiq Arogundade, Biyase Mduduzi, Olajide O. Oyadeyi, Sibusiso Khoza

{"title":"Institutional Governance and Global FDI Convergence: Examining the Impact of Institutional Quality on Investment Flows","authors":"Sodiq Arogundade, Biyase Mduduzi, Olajide O. Oyadeyi, Sibusiso Khoza","doi":"10.1002/pa.70116","DOIUrl":"10.1002/pa.70116","url":null,"abstract":"<p>The global investment landscape presents challenges as subdued growth prospects, geopolitical tensions, and economic disintegration reshape international investment. Increasing tensions are making globalization more exorbitant and uncertain. Increasing trade barriers, intensified scrutiny of investments, and reputational risks are shaping foreign direct investment (FDI) strategies, prompting a shift in focus from efficiency to navigating geopolitical risks and opportunities. This research examines the convergence traits of FDI inflows among 179 nations, utilizing the Phillips and Sul club grouping method and the log <i>t</i> regression analysis covering the years from 1999 to 2022. Our research results denote a divergence in FDI inflow across the sample. However, the study identified three convergence clubs after applying the club clustering technique. The regional analysis results reveal provisional convergence across the regions—Latin America, Africa, Europe, North America, and the Caribbean. Discoveries by the ordered logit and probit models emphasized the crucial role of institutional governance on club membership in FDI convergence. The study recommends that policymakers prioritize maintaining macroeconomic stability, fostering a predictable investment climate, and ensuring transparency and accountability within these groups. Also, regional blocs should support policy harmonization and cooperation within regions to promote FDI convergence, considering the unique characteristics of each region.</p>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"26 2","pages":""},"PeriodicalIF":1.8,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/pa.70116","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147653243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do Public-Private Partnership Investments Influence Poverty in Southern African Economies? A Panel VAR Approach 公私合作投资对南部非洲经济体的贫困有影响吗？面板VAR方法

IF 1.8

Journal of Public Affairs Pub Date : 2026-02-17 DOI: 10.1002/pa.70117

Mduduzi Biyase, Charles Shaaba Saba

{"title":"Do Public-Private Partnership Investments Influence Poverty in Southern African Economies? A Panel VAR Approach","authors":"Mduduzi Biyase, Charles Shaaba Saba","doi":"10.1002/pa.70117","DOIUrl":"https://doi.org/10.1002/pa.70117","url":null,"abstract":"<p>As Southern African economies continue to struggle with achieving Sustainable Development Goal 1 (eradicating poverty), there is an increasing need for strong collaboration between public and private sectors to accomplish this goal, as the public sector cannot achieve it alone. Based on this, this study examines the influence of public-private partnership investments (PPPI) on poverty and its severity in Southern African economies from 2000 to 2019. We employed the Panel Vector Autoregressive (PVAR) model approach. The PPPI was categorized into investments in energy and transport. We find that the contributions of PPPI in energy and transport to the reduction of poverty and its severity are extremely small, suggesting that PPPI in these sectors has a negligible immediate effect on poverty and its severity. The study recommends long-term PPPI strategies in energy and transport to reduce poverty and its severity by enhancing accessible and affordable infrastructures in these sectors and beyond. Theoretically, this work pioneers the systematic application of the Panel Vector Autoregressive (PVAR) model to sectoral Public-Private Partnership Investments (PPPI) and confirms that poverty persistence in the region is consistent with Poverty Trap theories; politically, it provides crucial evidence compelling Southern African governments to adopt long-term, integrated strategies that address structural inequalities and policy coherence beyond short-term infrastructure investments.</p>","PeriodicalId":47153,"journal":{"name":"Journal of Public Affairs","volume":"26 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2026-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/pa.70117","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147320804","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0