DOI: 10.32609/j.ruje.11.142815

Authors: Chokri Zehri

Abstract: Modernizing and diversifying industries have become essential in recent years, particularly with the shift toward new energy sources to boost the global economy. Despite widespread initiatives, the economic impact of these reforms remains uncertain. This study examines the effects of Saudi Arabia’s renewable energy and industrial innovation efforts on key economic variables, aligning with the UN Sustainable Development Goal 8 (SDG 8), which emphasizes inclusive and sustainable economic growth, full and productive employment, and decent work for all. Using an ARDL model, we analyze data from 95 firms operating in the renewable energy sector from 2000 to 2023. The findings reveal that renewable energy investments significantly enhance long-term economic growth, trade balance, and FDI inflows, though their impact on employment and foreign assets is weaker. Industrial innovation also promotes growth and trade, but less so than renewable energy, with sales growth driving foreign asset accumulation. In the short term, both sectors have limited effects on employment and foreign assets. However, when combined, renewable energy investments and industrial innovation amplify their positive influence on GDP and trade, underscoring the need for long-term strategies to sustain economic growth.

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DOI: 10.32609/j.ruje.10.137491

Authors: Dao Van Le, Tuyen Quang Tran

Abstract: Does government policy intervention enhance citizens’ financial well-being, particularly when considering the increased financial soundness attributed to the private sector? This study empirically addresses this question, using data from more than 200,000 individuals worldwide. To provide causal evidence, we employ a two-stage least squares (2SLS) approach with a high-dimensional fixed-effect estimator, which captures multiple levels of control and addresses endogeneity concerns. Our findings suggest that (i) improvements in financial soundness — proxied by domestic credit development — significantly increase financial satisfaction, whereas (ii) surprisingly, government interventions, whether in the form of policies tightening or loosening, tend to erode this positive effect. This outcome may reflect either (i) ineffective interventions or (ii) the government serving as a scapegoat for a decline in subjective financial well-being. Our findings imply that to optimize public satisfaction, governments should approach interventions in the private sector with caution, thereby strengthening government legitimacy.

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DOI: 10.32609/j.ruje.9.106825

Authors: Marina A. Kartseva, Anatoly A. Peresetsky

Abstract: This paper studies the impact of sandwich generation caregiving on the health behavior, self-assessed health and life satisfaction of Russian women. It presents evidence that sandwich generation caregiving reduces the likelihood of medical examinations, and regular meals. Alcohol consumption and likelihood of smoking are reduced. The like­lihood of obesity increases, the proportion of chronic diseases decreases, and self-assessed health improves. The proportion of depression decreases. These effects may be the result of an inattentive attitude to one’s health and a consciousness of the social significance of fulfilling one’s duty. These effects vary with socio-demographic characteristics.

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DOI: 10.32609/j.ruje.8.80597

Authors: Margaret M. Zeigler, Ann Steensland

Abstract: Agriculture and food systems must provide nutrition and agricultural products for nearly 10 billion people by 2050. Agriculture is a powerful economic driver, and by prioritizing agricultural productivity and innovation, food systems can become more resilient and improve the wider economy while generating employment. Yet, powerful solutions and approaches are needed that must move beyond “low-hanging fruit” when investing in low-income country agriculture systems. As part of the solution, we discuss innovations such as participatory research models from the International Potato Center (CIP) as well as how to unlock and harness existing plant genetics through the phytobiome.

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