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

Author

Listed:
  • Urška Longar

    (Faculty of Business and Management Sciences, University of Novo Mesto, Na Loko 2, 8000 Novo Mesto, Slovenia)

  • Sergej Gričar

    (Faculty of Business and Management Sciences, University of Novo Mesto, Na Loko 2, 8000 Novo Mesto, Slovenia)

  • Tea Baldigara

    (Faculty of Tourism and Hospitality Management, University of Rijeka, Ika 42, 51414 Opatija, Croatia)

  • Štefan Bojnec

    (Faculty of Management, University of Primorska, Izolska Vrata 2, 6000 Koper, Slovenia
    Department of Economic Policy and Finance, Faculty of Economics and Management, Slovak University of Agriculture in Nitra, Tr. A. Hlinku 2, 949 76 Nitra, Slovakia
    Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague, Czech Republic)

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.

Suggested Citation

  • Urška Longar & Sergej Gričar & Tea Baldigara & Štefan Bojnec, 2024. "Cycling, Economic Growth, and Sustainability: A Comparative Analysis of Slovenia and Belgium," JRFM, MDPI, vol. 17(11), pages 1-18, November.
    • Handle: RePEc:gam:jjrfmx:v:17:y:2024:i:11:p:506-:d:1517616
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    References listed on IDEAS

    as
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