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Economies, Volume 11, Issue 10

2023 October - 25 articles

Cover Story: This is among the first studies to investigate, in a sample of former socialistic countries, the impact of institutions on a country’s ability to adopt superior technology developed elsewhere. It analyzes the impact of components of economic freedom and world government indicators on the productivity gap between the “Old” and “New” Europe countries. A static panel analysis is applied on cross-sectional data from the eleven EU countries. The results strongly support the productivity convergence between the“Old” and “New” Europe countries, with their institutions having a positive impact of on productivity growth. However, the impact of the institutions fades the further the country is from the frontier. View this paper
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Articles (25)

  • Article
  • Open Access
9 Citations
3,683 Views
23 Pages

23 October 2023

Tourism plays an important role in fostering economic growth within the Asia-Pacific Economic Cooperation (APEC) forum member countries. Nevertheless, the development of this sector has resulted in significant depletion of natural resources and pollu...

  • Feature Paper
  • Article
  • Open Access
16 Citations
9,043 Views
21 Pages

The Impact of Tourism on Energy Consumption: A Sectoral Analysis for the Most Visited Countries in the World

  • María P. Pablo-Romero,
  • Antonio Sánchez-Braza and
  • Miguel A. García-Soto

23 October 2023

Tourist activity has strategic importance in the global economy. Nevertheless, the tourism activities are linked to increased emissions, due to the sector’s energy intensity, especially in the transport and commercial sectors. The aim of this s...

  • Article
  • Open Access
5 Citations
4,822 Views
12 Pages

Productivity and Global Value Chains: A Tale from the Indonesian Automobile Sector

  • Padang Wicaksono,
  • Yulial Hikmah and
  • Rayinda Nur Ilmiawani

23 October 2023

Low productivity and quality of employment have always been a big problem in Indonesia, caused by the lack and mismatch of skills in the workforce. Labor productivity (LP) describes the company’s ability to produce something. This can be determ...

  • Article
  • Open Access
4 Citations
3,582 Views
20 Pages

21 October 2023

The present research aims to analyze the efficiency of human capital in relation to sales in each of the subsectors of economic activity within Mexican small- and medium-sized enterprises in the manufacturing industry. To accomplish this, a panel dat...

  • Article
  • Open Access
4 Citations
2,279 Views
17 Pages

20 October 2023

The paper studies the productivity change of the commercial banks in the CEE countries over the post-crisis period 2013–2018. The productivity change is measured by the Malmquist Productivity Index and its sub-components, applying two approache...

  • Article
  • Open Access
2 Citations
3,949 Views
27 Pages

20 October 2023

The rise in global trade volumes since the early 90s has been welcomed by many under the notion that trade helps countries edge closer to their economic potential. A concerning observation, however, is that while Asia, Latin America, and Europe seem...

  • Article
  • Open Access
5 Citations
3,730 Views
11 Pages

17 October 2023

This article examines the importance of landholdings in explaining income inequality among family farms in four districts in Georgia following the land reform of the 1990s. Income inequality is decomposed by sources of income and by determinants of i...

  • Feature Paper
  • Article
  • Open Access
2 Citations
4,154 Views
15 Pages

Central Bank Credibility’s Effect on Stock Exchange Returns’ Volatility: Evidence from OECD Countries

  • Ioannis Dokas,
  • Georgios Oikonomou,
  • Stephanos Papadamou and
  • Eleftherios Spyromitros

15 October 2023

Central bank characteristics are important determinants of stock market returns and their volatility. While the literature has examined the effects of transparency and independence, no research has been conducted so far on the effect of central bank...

  • Article
  • Open Access
4 Citations
2,951 Views
20 Pages

13 October 2023

This study examined the determinants of fiscal space within the Sub-Saharan Africa (SSA) region, utilising a panel of 33 countries from 2005 to 2021. The paper applied the panel threshold, difference, and system generalised method of moments (GMM) re...

  • Article
  • Open Access
2 Citations
4,764 Views
16 Pages

The Economic Efficiency of Coffee Growers in the Department of Caldas, Colombia

  • Hugo Mauricio Salazar Echeverry,
  • Hernando Duque Orrego and
  • Juan Carlos Granobles-Torres

12 October 2023

This work evaluates the economic efficiency of coffee growers and the decision-making processes in the configuration of their production systems and agronomic practices over time. For these purposes, information from 136 coffee growers in the departm...

  • Article
  • Open Access
5 Citations
3,502 Views
19 Pages

12 October 2023

The present study examines how policy makers should consider the quality of institutional framework to reduce the productivity gap and increase a country’s ability to absorb superior technologies developed elsewhere. This paper analyzes the imp...

  • Article
  • Open Access
1 Citations
2,664 Views
24 Pages

Comparing Classical and Bayesian Panel Kink Regression Frameworks in Estimating the Impact of Economic Freedom on Economic Growth

  • Emmanuel Mensaklo,
  • Chukiat Chaiboonsri,
  • Kanchana Chokethaworn and
  • Songsak Sriboonchitta

10 October 2023

This study aims to accomplish three main tasks. Firstly, it seeks to determine the more appropriate choice between classical and Bayesian methods in estimating a pooled panel kink regression model under the condition of a known but bounded policy var...

  • Article
  • Open Access
7 Citations
5,546 Views
26 Pages

9 October 2023

The relationship between trade openness and unemployment in Southern African Development Community (SADC) countries remains an area of significant interest and concern. While trade openness is often advocated for fostering economic growth and develop...

  • Article
  • Open Access
2 Citations
4,412 Views
16 Pages

Inflation Differentials of Euro Countries and Their Determinants

  • Liargovas Panagiotis and
  • Arvanitis Argyrios

9 October 2023

The purpose of this paper is to examine the inflation differentials and their determinants in the first twelve euro countries that formed the eurozone. We focus on only these countries to capture the effects through the last 22 years from 1999 to 202...

  • Article
  • Open Access
2 Citations
3,771 Views
9 Pages

A Game Theoretic Approach to Collaboration in Policy Coordination

  • Eleonora Herrera-Medina and
  • Antoni Riera Font

9 October 2023

Public policies are courses of action by a government in response to public problems in the real world with the aim of meeting the needs of society. Such policies must be coordinated to avoid inefficiencies. Most attempts to model public policy coord...

  • Article
  • Open Access
3,315 Views
15 Pages

8 October 2023

Placing constraints on elected officials is thought to bind their hands and render government policies credible. In turn, credible policies attract investment because investors can extend their policy and regulatory time horizons. Yet, a scholarship...

  • Perspective
  • Open Access
1 Citations
3,942 Views
14 Pages

8 October 2023

The rapid growth of digital trade has had a profound impact on global economies, revolutionizing trading practices and facilitating trade expansion. The purpose of this paper is to explore the digital partnership between Korea and the European Union...

  • Article
  • Open Access
21 Citations
13,569 Views
21 Pages

8 October 2023

This paper investigates the influence of “green finance” on the sustainability performance of banking institutions with a specific focus on the context of Palestine. A structured questionnaire was administered to gather data from a repres...

  • Article
  • Open Access
4 Citations
4,036 Views
16 Pages

Assessing the Effect of Internet Indicators on Agri-Food Export Competitiveness

  • Arif Imam Suroso,
  • Idqan Fahmi,
  • Hansen Tandra and
  • Adi Haryono

6 October 2023

The agricultural sector contributes to the national economy by engaging in export activities within the global market. Conversely, the rapid development of the Internet has greatly impacted output production and has introduced heightened competitiven...

  • Article
  • Open Access
1 Citations
6,546 Views
18 Pages

4 October 2023

This paper employs the microdata of the Russia Longitudinal Monitoring Survey (RLMS-HSE) to discuss the impact of economic factors, such as household income and female wages, and subjective well-being, such as life satisfaction and health condition,...

  • Article
  • Open Access
10 Citations
10,202 Views
14 Pages

30 September 2023

Through mechanisms including knowledge transfer and productivity spillovers, foreign direct investment (FDI) is viewed as a critical driver of growth in developing economies. However, the majority of African nations require capital inflows, particula...

  • Article
  • Open Access
1,983 Views
14 Pages

30 September 2023

This paper aims to approach the topic of structural convergence for new member states from the perspective of input-output analysis. Using a set of input-output measures, based on the OECD RStan database, and a number of unit-root tests, both for ind...

  • Article
  • Open Access
1 Citations
2,428 Views
22 Pages

Determinant Factors of M&As in Emerging Economies: The Impact of Financial Performance in Romanian Minority Acquisitions

  • Liviu-George Maha,
  • George-Marian Aevoae,
  • Elena-Daniela Viorică and
  • Roxana-Manuela Dicu

28 September 2023

The paper aims at describing two dimensions of acquirers’ behaviour when purchasing minority shares in Romanian listed target companies, based on a sample of 710 Romanian minority acquisitions. The first dimension regards the acquirer’s d...

  • Concept Paper
  • Open Access
2 Citations
5,954 Views
14 Pages

28 September 2023

Although immigrants represent a sizeable and growing portion of the total U.S. population and immigrant entrepreneurs play an important role in the U.S. economy, they remain relatively understudied within the literature. Existing research suggests th...

  • Article
  • Open Access
4 Citations
5,276 Views
10 Pages

Trade Openness and Inflation Rate in China: Empirical Evidence from Time Series Data

  • Muhammad Tahir,
  • Norulazidah Omar Ali,
  • Imran Naseem and
  • Umar Burki

27 September 2023

This study empirically examines the influence of trade openness on the rate of inflation by focusing on the Chinese economy. The study utilizes data covering the period 1987–2019 and employs the autoregressive distributed lag model (ARDL) for t...

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Economies - ISSN 2227-7099