Cycling, Economic Growth, and Sustainability: A Comparative Analysis of Slovenia and Belgium

Urška Longar, Sergej Gričar (), Tea Baldigara and Štefan Bojnec
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Urška Longar: Faculty of Business and Management Sciences, University of Novo Mesto, Na Loko 2, 8000 Novo Mesto, Slovenia
Sergej Gričar: Faculty of Business and Management Sciences, University of Novo Mesto, Na Loko 2, 8000 Novo Mesto, Slovenia
Tea Baldigara: Faculty of Tourism and Hospitality Management, University of Rijeka, Ika 42, 51414 Opatija, Croatia
Štefan Bojnec: Faculty of Management, University of Primorska, Izolska Vrata 2, 6000 Koper, Slovenia

JRFM, 2024, vol. 17, issue 11, 1-18

Abstract: This study explores the impact of economic and environmental factors on bicycle ownership in Slovenia to understand how cycling adoption supports smart transportation. Addressing the question of whether policy interventions are essential, particularly during economic downturns, this research highlights a gap in existing studies, which often overlook the economic dynamics influencing cycling. Using time-series econometric methods on data from 2004 to 2021, this study identifies two key factors driving bicycle ownership. Findings reveal that policy adjustments, especially in times of economic instability, significantly enhance cycling adoption and contribute to sustainable transportation in Slovenia. The relationship between cycling, economic growth, and environmental sustainability in Slovenia demonstrates that, unlike Belgium, Slovenia’s cycling rates benefit more from targeted policy interventions during economic challenges.

Keywords: cycling; econometric analysis; gross domestic product; Slovenia; sustainable transportation (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2024
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