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  <title>EconStor Community:</title>
  <link rel="alternate" href="https://hdl.handle.net/10419/336682" />
  <subtitle />
  <id>https://hdl.handle.net/10419/336682</id>
  <updated>2026-05-09T19:00:25Z</updated>
  <dc:date>2026-05-09T19:00:25Z</dc:date>
  <entry>
    <title>Loan guarantees and the internationalisation of Indian firms</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/336699" />
    <author>
      <name>Mani, Sunil</name>
    </author>
    <id>https://hdl.handle.net/10419/336699</id>
    <updated>2026-02-18T05:30:11Z</updated>
    <published>2026-01-01T00:00:00Z</published>
    <summary type="text">Title: Loan guarantees and the internationalisation of Indian firms
Authors: Mani, Sunil
Abstract: This paper analyses the role of loan guarantees in supporting the internationalisation of Indian firms through outward foreign direct investment (OFDI) since the mid-2000s. Despite a persistent domestic savings-investment gap and recurrent current account deficits, Indian OFDI has expanded significantly, raising questions about its underlying financing mechanisms. The paper argues that regulatory liberalisation and the growing use of loan guarantees have been central to this expansion. Using balance-of-payments analysis and a stylised framework that distinguishes between private and guaranteed financing channels, the study documents a shift in OFDI financing from equity dominance towards a more diversified structure that includes reinvested earnings, intercompany loans, external commercial borrowings, and guaranteed debt. While guarantee issuance has increased markedly, invocation rates remain low, indicating that guarantees primarily serve as credit-enhancement tools rather than realised fiscal liabilities. The paper concludes that India's predominantly private-risk approach has enabled corporate internationalisation while limiting direct sovereign exposure, but also highlights the need for improved transparency and risk monitoring as guarantee volumes continue to rise.</summary>
    <dc:date>2026-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Financing green industrial transitions: A comparative analysis of implementation effectiveness in four emerging economies</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/336698" />
    <author>
      <name>Bartzokas, Anthony</name>
    </author>
    <id>https://hdl.handle.net/10419/336698</id>
    <updated>2026-02-18T05:30:22Z</updated>
    <published>2026-01-01T00:00:00Z</published>
    <summary type="text">Title: Financing green industrial transitions: A comparative analysis of implementation effectiveness in four emerging economies
Authors: Bartzokas, Anthony
Abstract: Emerging economies confront unprecedented challenges mobilizing finance for green industrial transitions while maintaining development trajectories. This paper examines implementation effectiveness across India, South Africa, Brazil, and Indonesia-major economies representing diverse political systems, economic structures, and policy approaches- documenting systematic gaps between stated climate commitments and realized outcomes ranging from 33% to 77% of stated targets. Through comparative analysis of policy frameworks, financing architectures, and sectoral dynamics spanning renewable energy, industrial decarbonization, sustainable agriculture, and just transitions, we reveal that aggregate capital availability constitutes only partial explanation. Firm-level financial constraints systematically structure which technologies firms can adopt constrained firms pursue incrementally cleaner but emission-intensive options, while only unconstrained firms access frontier low-emission technologies. This "pecking order" mechanism-predicted by recent theoretical work and validated across four diverse country contexts-generates three fundamental policy challenges. Three critical implications emerge. First, green credit must target frontier technologies precisely, yet such targeting creates politically challenging coverage gaps and exceeds institutional capacity. Second, blended finance exhibits fundamental tension between leverage maximization and genuine additionality. Third, just transition programs systematically underserve workers dependent on constrained firms unable to finance transitions. Looking forward, financing effectiveness will depend increasingly on institutional autonomy rather than merely capital costs: capacity to navigate fragmented global financial architectures, preserve infrastructure control, and maintain policy space as geopolitical competition intensifies and debt burdens rise.</summary>
    <dc:date>2026-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>AI adoption, structural constraints and inclusive growth: Evidence from Greece</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/338120" />
    <author>
      <name>Bartzokas, Anthony</name>
    </author>
    <author>
      <name>Kostis, Pantelis C.</name>
    </author>
    <id>https://hdl.handle.net/10419/338120</id>
    <updated>2026-03-21T06:17:11Z</updated>
    <published>2026-01-01T00:00:00Z</published>
    <summary type="text">Title: AI adoption, structural constraints and inclusive growth: Evidence from Greece
Authors: Bartzokas, Anthony; Kostis, Pantelis C.
Abstract: Artificial intelligence (AI) is increasingly characterized as a General Purpose Technology (GPT) capable of reconfiguring work, accelerating digitalization, and raising aggregate productivity. Yet the pace and inclusiveness of AI adoption depend less on technical potential than on complementary sectoral capacity, institutional quality, and human capital. This paper examines Greece as a peripheral EU economy marked by high projected AI gains but significant structural constraints, generating risks of delayed adoption and uneven distributional outcomes. The paper develops a structural conversion framework linking three dimensions: capacity for AI-driven sectoral upgrading; institutional and functional readiness beyond digital infrastructure; and the regeneration and retention of skilled labour. Drawing on micro-level data from the JustReDI survey, the paper constructs composite indices of institutional trust, digital confidence, and digital public service usability, documenting substantial heterogeneity across educational subgroups and regions. The findings reveal a pronounced structural mismatch: service usability rises sharply with educational attainment, yet institutional trust varies only modestly, and digital confidence is performance-driven rather than legitimacy-based. A further tension emerges in Attica, where high institutional trust and technological centrality coexist with comparatively poor user-centric service quality. These results point to a fragmented digital transition marked by persistent social and regional asymmetries, suggesting that inclusive growth through AI adoption in structurally constrained economies requires a policy reorientation - from deployment toward the institutional and functional conversion of technological resources into broad-based development outcomes.</summary>
    <dc:date>2026-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Coping with urban waste problems in the Global South: An exploration towards circular economy</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/336692" />
    <author>
      <name>Tomai, Maria</name>
    </author>
    <author>
      <name>Papachristos, George</name>
    </author>
    <id>https://hdl.handle.net/10419/336692</id>
    <updated>2026-02-18T05:30:04Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Coping with urban waste problems in the Global South: An exploration towards circular economy
Authors: Tomai, Maria; Papachristos, George
Abstract: The performance of waste management systems in cities has to improve to cope with rapid urbanisation and population growth trends. It is, therefore, necessary to develop a more in-depth understanding of how potential interventions may impact and improve the performance of waste management systems. This is particularly the case for countries in the Global South, in their pursuit of further progress towards sustainable development. This paper develops a system dynamics model to evaluate interventions in the solid waste management system of Accra, where rapid urbanisation and population growth will place its waste management system under increasing strain over the next decades. The model is used to evaluate interventions as to whether they can increase circular waste flows, reduce disposal to landfills and, thus, improve system performance in upstream source separation, midstream waste collection, and downstream waste treatment. The findings reveal that the government's planned expansion of waste recovery capacity in Accra addresses only part of the challenge and will be inadequate to manage the city's accelerating waste generation. The simulation results underscore the necessity of adopting an integrated approach to improve system performance and achieve progress toward sustainability goals. This involves educational interventions for raising awareness and infrastructural interventions across the whole value chain. This analysis improves our understanding of the critical bottlenecks and synergistic effects of upstream, mid-stream and downstream interventions. It also supports policy and decision-making by drawing attention to the delays and potential negative trade-offs involved between interventions.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
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