Economic Growth, Green Competitiveness and Institutional Quality in Post-2004 EU States: Panel ARDL-PMG Analysis
This paper investigates the determinants of economic growth in EU member states that joined the Union in 2004 and later, focusing on institutional quality, competitiveness, and the green transition. Three composite indices are constructed using principal component analysis (PCA) and incorporated into a panel ARDL-PMG model, complemented by robustness checks with fixed-effects and system-GMM estimators. … Pročitaj više