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

Khalid Khan, Adnan Khurshid and Javier Cifuentes-Faura

Resources Policy, 2023, vol. 85, issue PA

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.

Keywords: Geopolitical risk; Economic security; Energy security; Political instability; Panel bootstrap causality (search for similar items in EconPapers)
JEL-codes: F5 P28 Q20 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723005834

DOI: 10.1016/j.resourpol.2023.103872

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