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Economies, Volume 13, Issue 3

2025 March - 28 articles

Cover Story: This paper empirically investigates the short- and long-term impact of public expenditure on economic growth. We use annual data from 28 European Union (EU) countries for the 1995–2022 period and estimate a growth model augmented for public expenditure, employing the Autoregressive Distributed Lag (ARDL) panel data approach. Our results support the view that different categories of public expenditure have dissimilar long- and short-term effects on the economic performance of EU countries. View this paper
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Articles (28)

  • Article
  • Open Access
1 Citations
3,275 Views
25 Pages

This research aims to explain the role of food processing in improving the sustainability of food security under the framework of ‘Goal 2’ associated with the Sustainable Development Goals (SDGs). The research methodology relied on descri...

  • Article
  • Open Access
1,849 Views
16 Pages

The paper aims to analyze the effect of geopolitical uncertainties on growth in the countries of selected Turkic republics and neighboring states which are experiencing geopolitical uncertainty, especially regarding their position in the global econo...

  • Article
  • Open Access
3,258 Views
15 Pages

Monetary Policy Adjustments in Mexico During COVID-19: Fear of Floating and Macroeconomic Volatility

  • Jesús Eduardo López-Mares,
  • Juan Manuel Ocegueda-Hernández and
  • Rogelio Varela-Llamas

The aim of this paper is to investigate how the central bank of Mexico—a prototypical emerging market economy (EME)—adjusted its reaction coefficients according to an estimated Taylor-type rule in response to the COVID-19 pandemic and the...

  • Article
  • Open Access
2,990 Views
42 Pages

This article presents a game-theoretic model analyzing the strategic competition between hard and fiat money, involving a representative player and a consolidated bank (including the central bank). The findings reveal counterintuitive interactions be...

  • Article
  • Open Access
2 Citations
2,713 Views
22 Pages

As countries worldwide endeavor to fulfill the United Nations Sustainable Development Goal (SDG) 10, which emphasizes reducing inequality, there is a growing imperative to utilize tax policy and institutions to accomplish this objective. Hence, this...

  • Article
  • Open Access
5 Citations
2,209 Views
28 Pages

This study investigates the interrelationships between institutional frameworks, innovation ecosystems, and stakeholder coordination in enhancing the global competitiveness of Ethiopia’s Integrated Agro-Industrial Parks (IAIPs) in Yirgalem and...

  • Article
  • Open Access
2 Citations
3,313 Views
19 Pages

Economic growth and development are key to societal well-being, yet emerging economies in Central Asia and the Caucasus face challenges such as labor market inefficiencies, uneven capital distribution, and weak institutions. This study examines the i...

  • Article
  • Open Access
1,960 Views
15 Pages

Couchsurfing, a non-commercial form of accommodation, has become a way of life for travellers who want to open to other cultures and exchange with the inhabitants of the countries or regions they are visiting in a more active and authentic way. Despi...

  • Review
  • Open Access
6 Citations
10,698 Views
36 Pages

Household debt plays a crucial role in influencing the performance of the economy and its vulnerability to shocks. This study synthesises studies on this topic. We used the systematic literature review technique to analyse 97 studies from the EBSCO,...

  • Article
  • Open Access
1 Citations
1,854 Views
20 Pages

The integration or resettlement efforts aimed at self-reliance of refugees are requisite for their adaptation to social and economic shocks and consequently to their human development and contribution to economic growth. This study analyses the drive...

  • Article
  • Open Access
1 Citations
4,495 Views
22 Pages

We aim to analyze the potential positive or negative effects of public expenditure on economic growth, as well as their determinants. To this goal, we use a simple theoretical model, which has the specificity to distinguish between public investment...

  • Article
  • Open Access
1 Citations
1,753 Views
20 Pages

Maternal Education, Economic Empowerment and Infant Mortality in Burkina Faso

  • Lamissa Barro,
  • Aïcha Tiendrebeogo,
  • Issa Nana and
  • Landry Paul Armand Mawuvi Ky

Education levels in Burkina Faso, especially among women, remain low despite efforts made by government authorities and development partners to implement priority area 4 of the Sustainable Development Goals (SDGs). This situation presents difficultie...

  • Article
  • Open Access
1 Citations
5,111 Views
28 Pages

A Kuznets-like curve for unemployment suggests that unemployment initially rises with early economic development due to sectoral shifts but decreases as economies mature, diversify, and adapt. This explains how gross national income (GNI) per capita...

  • Article
  • Open Access
3 Citations
1,864 Views
47 Pages

This study evaluates the effectiveness of Aragón’s Regional Innovation Strategy for Smart Specialization (RIS3) 2014–2020 by applying Social Network Analysis (SNA) to a comprehensive dataset of regional, national, and European comp...

  • Article
  • Open Access
1 Citations
2,368 Views
17 Pages

Research Objective: This study aims to examine the impact of religious-based family management (RBFM) on absolute poverty through two main factors: short-term vision and uncontrolled consumption among low-income families. Research Methods and Approac...

  • Article
  • Open Access
2 Citations
1,913 Views
22 Pages

In spite of its strong increase and relevant position in the evolution of international maritime routes, the global livestock trade is still a poorly treated topic in the maritime business domain of research. Aiming to cover this gap, the authors are...

  • Article
  • Open Access
1 Citations
1,314 Views
28 Pages

Maximum Trimmed Likelihood Estimation for Discrete Multivariate Vasicek Processes

  • Thomas M. Fullerton,
  • Michael Pokojovy,
  • Andrews T. Anum and
  • Ebenezer Nkum

The multivariate Vasicek model is commonly used to capture mean-reverting dynamics typical for short rates, asset price stochastic log-volatilities, etc. Reparametrizing the discretized problem as a VAR(1) model, the parameters are oftentimes estimat...

  • Article
  • Open Access
1 Citations
2,062 Views
24 Pages

This study aims to explore the relationship between macroeconomic factors and the decision to file an anti-dumping (AD) initiation, focusing on the post-WTO period from 1995 to 2022 for both reporting and targeted countries. We analyze the 20 most fr...

  • Article
  • Open Access
2,606 Views
24 Pages

Comprehending intermarket relationships among asset classes/commodities and the changing dynamics among the gold, bitcoin, and oil markets under high or low-volatility indexes is now imperative for investors. This paper presents a qualitative study t...

  • Article
  • Open Access
1 Citations
4,353 Views
21 Pages

This study investigates the possible socio-economic impacts of Hyperloop technology on establishing and reshaping EU trade routes. Hyperloop—a novel ultra-high-speed transportation system—demonstrates the capability to achieve supersonic...

  • Article
  • Open Access
2 Citations
2,699 Views
24 Pages

How the Tourism Industry Can Help Resolve Mongolia’s Environmental Problems

  • Lian Jing,
  • Peter J. Stauvermann and
  • Ronald Ravinesh Kumar

27 February 2025

In this paper, we use a theoretical model to show that the development of the tourism industry is very likely to significantly reduce environmental problems in Mongolia. Among other issues, Mongolia suffers from an excessively large livestock populat...

  • Article
  • Open Access
1,529 Views
21 Pages

25 February 2025

This article presents an estimation of a stochastic frontier model using a translogarithmic production function to identify the impact of production factors—labor and capital—along with CO2 emissions and technical progress on the value ad...

  • Article
  • Open Access
2,780 Views
23 Pages

24 February 2025

The literature on financial openness is rich, yet the selection of a suitable financial index remains a challenge. In this paper, Principal Component Analysis (PCA) and Factor Analysis (FA) are utilized to reduce the dimensionality of five publicly a...

  • Article
  • Open Access
3,201 Views
29 Pages

Place-Based Approach to Rural Development: Ethiopia in Context

  • Melkamu Tadesse Wazza,
  • Seife Ayele and
  • Berhanu Kuma Shano

22 February 2025

Place-specific socioeconomic features are unique and, unlike first-nature geography, are shaped and reshaped by human and institutional interactions. In Ethiopia, however, policy thinking has not progressed much beyond first-nature geography, overloo...

  • Article
  • Open Access
3 Citations
8,149 Views
25 Pages

Public Expenditure and Economic Growth: Further Evidence for the European Union

  • Simón Sosvilla-Rivero,
  • María del Carmen Ramos-Herrera and
  • Juan J. Rubio-Guerrero

21 February 2025

This paper empirically investigates the short- and long-term impact of public expenditure on economic growth. We use annual data from 28 European Union (EU) countries for the 1995–2022 period and estimate a growth model augmented for public exp...

  • Article
  • Open Access
1 Citations
5,351 Views
21 Pages

20 February 2025

We develop the first disaggregation of Okun’s law that quantifies all of the information that is subsumed within its coefficients. The proposed method decomposes the coefficients into the sum of the direct effect of the change in output upon th...

  • Article
  • Open Access
1,730 Views
15 Pages

The Effects of Foreign Direct Investments on Wage Trends in the Dutch Labor Market

  • Gina Ioan,
  • Sirbu Gabriela Carmen,
  • Emanuel Stefan Marinescu and
  • Ionel Sergiu Pirju

20 February 2025

In this study, we analyze the relationship between economic variables influencing wages in the Dutch economy during the period 1995–2023 using the ARIMAX method. The analysis reveals that lagged wages and salaries for male workers have a strong...

  • Article
  • Open Access
2 Citations
2,916 Views
18 Pages

20 February 2025

The dynamic impact of financial market capitalisation on South Africa’s unemployment and economic growth is empirically explored in this study using the finance-augmented Solow model framework. South Africa’s high rate of structural unemp...

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Economies - ISSN 2227-7099