Work

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

Year: 2024

Type: article

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.

Source: Journal of risk and financial management

DOI: 10.3390/jrfm17110506

Authors: Urška Longar, Sergej Gričar, Tea Baldigara, Štefan Bojnec

Institutions: University of Rijeka, University of Primorska, Slovak University of Agriculture in Nitra, Czech University of Life Sciences Prague

Language: English

Topic: Urban Transport and Accessibility

Subfield: Transportation

Field: Social Sciences

Domain: Social Sciences

SDGs: Sustainable cities and communities, Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $1,591