Special Issue of the European Journal of Political Economy

It is an immense pleasure to announce that the call for papers for the European Journal of Political Economy issue is now online:


Please have no hesitation to submit your works and do not forget to follow the guidelines:


Interested authors have to choose “SI: Political Risks in Europe” when they submit to the European Journal of Political Economy if they want to be included in our special issue after a standard refereeing process.

Geopolitical risks, political tensions and the European economy

This special issue of the European Journal of Political Economy aims to provide theoretical and empirical perspectives on the impact of geopolitical risks and political tensions on the European economy. In the aftermath of the global financial crisis and the start of the US-China trade war, political tensions and geopolitical risks are increasingly recognised as important determinants of economic activity. The influence of these factors will affect the European economy in several dimensions. More specifically, we welcome empirical and theoretical contributions that use rigorous methods (game theory, causal inference, etc.) to answer the following questions. What would be the impact of an increase in political tensions between China and the United States on the economies of the members of the European Union? Would this increase in political tensions have different effects for each member? To what extent will political and diplomatic events affect the real and financial sectors of the economy? Is it even possible to quantify political tensions and geopolitical risks?

Guest editors:

StrumProfessor Jan-Egbert Sturm,
ETH Zurich KOF Swiss Economic Institute, Leonhardstrasse 21, 8092, Zurich, Switzerland; 
Jameel SaadaouiProfessor Jamel Saadaoui,
University of Strasbourg, University of Lorraine, BETA, CNRS, Strasbourg, France; 
Amélie Barbier-GauchardProfessor Amélie Barbier-Gauchard,
University of Strasbourg, University of Lorraine, BETA, CNRS, Strasbourg, France

Special issue information:

Theoretical contributions should model how rising political tensions and geopolitical risks will lead to the development of new strategic alliances within the EU and with the rest of the world. These new alliances will have implications for energy supply and global value chains. We welcome contributions that distinguish between geopolitical threats and geopolitical actions, and highlight the implications of this distinction for European companies’ investment decisions in foreign markets. It will be particularly important to analyse strategic interactions and retaliations in order to provide some relevant policy recommendations.

Empirical contributions should focus on how to measure political tensions and geopolitical risks. News-based indices are often used in the literature, but what are the benefits and costs of using these methods? In addition, the transmission mechanisms of political reactions to the economy need to be assessed. In this respect, we expect papers that address the issue of public policies aimed at taming imported inflation after energy shocks. We also expect papers on the new dynamics of military spending in the EU and on the impact of geopolitical risks and political tensions on total factor productivity.

Manuscript submission information:

The Journal’s submission system will be open for submissions for the Special Issue “Geopolitical risks, political tensions and the European economy” from 1st May 2023. When submitting your manuscript please select the article type ‘SI: Political Risks in Europe’. The submissions will be accepted for the special issue until 25th March 2024.


Geopolitical risks, Political tensions, European economy, Energy security, Global value chains, Military expenditures, Causal inference methods.

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