The Role of Political Stability in the Context of ESG Models at World Level

Alberto Costantiello () and Angelo Leogrande

MPRA Paper from University Library of Munich, Germany

Abstract: In this article, we estimate the role of Political Stability and Absence of Violence and Terrorism-PS in the context of Environmental, Social and Governance-ESG data at world level. We analyse data from 193 countries in the period 2011-2020. We apply Panel Data with Fixed Effects, Panel Data with Random Effects and Pooled Ordinary Least Square-OLS. We found that PS is positively associated, among others, to Population Density and Government Effectiveness, and negatively associated, among others, to Research and Development Expenditure and Maximum 5-day Rainfall. Furthermore, we apply the k-Means algorithm optimized with the application of the Elbow Method and we find the presence of four clusters. Finally, we propose a confrontation among eight different machine-learning algorithms for the prediction of PS and we find that the Polynomial Regression shows the higher performance. The Polynomial Regression predicts an increase in the level of PS of 0.25% on average for the analysed countries.

Keywords: Analysis of Collective Decision-Making; General; Political Processes: Rent-Seeking; Lobbying; Elections; Legislatures; and Voting Behaviour; Bureaucracy; Administrative Processes in Public Organizations; Corruption; Positive Analysis of Policy Formulation; Implementation (search for similar items in EconPapers)
JEL-codes: D7 D70 D72 D73 D78 (search for similar items in EconPapers)
Date: 2023-04-02
New Economics Papers: this item is included in nep-big, nep-env and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Related works:
Working Paper: The Role of Political Stability in the Context of ESG Models at World Level (2023)
Working Paper: THE ROLE OF POLITICAL STABILITY IN THE CONTEXT OF ESG MODELS AT WORLD LEVEL (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:116887

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