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Economies, Volume 10, Issue 5

2022 May - 27 articles

Cover Story: By focusing on the tacit and explicit characteristics of informal and formal institutional distances, this study investigates the competitive advantage of foreign subsidiary firms from developed countries and emerging markets operating in Latin America. Following recent research on distances in international management, this study measured the size as well as direction of distances and computed formal institutional distances based on the Worldwide Governance Indicators from the World Bank, whereas informal institutional distances were calculated using the four original dimensions of Hofstede. View this paper
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Articles (27)

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

This study analyses the nonlinear dynamic impact of economic development on income inequality in a prudential policy regime in a panel of 15 emerging markets from 1985–2019. More importantly, we seek to extend the existing debate on this subjec...

  • Article
  • Open Access
7 Citations
5,092 Views
18 Pages

Building an adequate system of indicators to assess the financial development of countries and its practical application can improve the robustness and effectiveness of government decision-making. This paper aims to create such a system. The study us...

  • Article
  • Open Access
7 Citations
5,570 Views
16 Pages

In recent decades, the emergence of global value chains (GVCs) has changed international trade patterns. Today, the production of goods involves international production sharing, which allows countries to trace the value-added distribution to interna...

  • Article
  • Open Access
2 Citations
3,106 Views
14 Pages

This study investigates the effect of sharia firms on the cost of debt in the Indonesian market. We use OLS regression to examine the relationship by applying 1870 data observations of nonfinancial companies registered on the Indonesia Sharia Stock I...

  • Article
  • Open Access
18 Citations
9,943 Views
23 Pages

There is dense literature on the relationship between financial sector development (FSD) and income inequality. However, most of these studies employ a depth measure of FSD. This study argues that different components of FSD have a heterogenous impac...

  • Article
  • Open Access
42 Citations
13,191 Views
19 Pages

Indonesia’s government policy recommends that medium and large companies carry out corporate social responsibility programs. These programs provide sustainability for the company because they can involve community social relations, economic gro...

  • Article
  • Open Access
13 Citations
4,001 Views
12 Pages

The Stakeholders’ Role in the Corporate Strategy Creation for the Sustainable Development of Russian Industrial Enterprises

  • Yuliya Y. Medvedeva,
  • Roman S. Luchaninov,
  • Natalia V. Poluyanova,
  • Svetlana V. Semenova and
  • Ekaterina A. Alekseeva

The purpose of this study is to determine the interests of stakeholders and their influence on the strategic guidelines for the sustainable development of industrial enterprises in the Russian fuel and energy complex. Environmental safety is one of t...

  • Article
  • Open Access
32 Citations
15,312 Views
16 Pages

Rising income inequality has become a defining global challenge that hinders the achievement of the United Nations Sustainable Development Goals. The paper investigates the effect of fiscal policy and institutional capacity on income inequality among...

  • Article
  • Open Access
8 Citations
4,446 Views
25 Pages

By focusing on the tacit and explicit characteristics of informal and formal institutional distances, this study investigates the competitive advantage of foreign subsidiary firms from developed countries and emerging markets operating in Latin Ameri...

  • Article
  • Open Access
14 Citations
6,899 Views
21 Pages

Climate change and environmental crises are currently affecting the living environment of both people and the planet in general. This necessitates businesses to have a prompt and effective response to minimize or improve the harmful effects that lead...

  • Article
  • Open Access
2,864 Views
5 Pages

Virtual cross-border medical tourism allows many residents in the United States to purchase brand name medicines from companies in Mexico without travelling there. Monthly economic reports indicate that the online brand name pharmaceutical product pr...

  • Article
  • Open Access
10 Citations
23,479 Views
21 Pages

Linking Leadership to Employees Performance: The Mediating Role of Human Resource Management

  • Nuru Siraj,
  • István Hágen,
  • Afriyadi Cahyadi,
  • Anita Tangl and
  • Goshu Desalegn

Human resource management (HRM) practices along with appropriate leadership have a paramount role in enhancing employees’ performance. Even though there was much literature on the subject of HRM and leadership, there were still some unanswered...

  • Article
  • Open Access
2 Citations
4,169 Views
15 Pages

Committees or Markets? An Exploratory Analysis of Best Paper Awards in Economics

  • Franklin G. Mixon,
  • Benno Torgler and
  • Kamal P. Upadhyaya

Despite the general usefulness of citations as a sort of test of the value of one’s work in the marketplace of ideas, journals and publishers tend to use alternative bases of judgment, namely committees, in selecting candidates for the conferra...

  • Article
  • Open Access
2 Citations
4,816 Views
19 Pages

The vigorous growth of the Chinese economy together with its increasingly successful role in international trade may have profoundly impacted developing countries. This study examines the large increase in the international trade exposure of the Braz...

  • Article
  • Open Access
17 Citations
6,675 Views
18 Pages

Local Budget Resilience in Times of COVID-19 Crisis: Evidence from Indonesia

  • Nauli Aisyiyah Desdiani,
  • Syahda Sabrina,
  • Meila Husna,
  • Amalia Cesarina Budiman,
  • Fachry Abdul Razak Afifi and
  • Alin Halimatussadiah

The COVID-19 pandemic has put immense pressure on the fiscal situation. Central revenues have decelerated while expenditures had to be increased to facilitate economic recovery. Local governments faced even harder challenges as intergovernmental tran...

  • Article
  • Open Access
3,450 Views
13 Pages

With the background of public sector management reform in the world of education, the characteristics of the leaders have become the main thing in improving an institution’s performance theory; this study explores the influence of aspects of th...

  • Article
  • Open Access
39 Citations
5,192 Views
16 Pages

An Empirical Analysis of Russian Regions’ Debt Sustainability

  • Sergey Evgenievich Barykin,
  • Alexey Aleksandrovich Mikheev,
  • Elena Grigorievna Kiseleva,
  • Yuriy Evgenievich Putikhin,
  • Natalia Sergeevna Alekseeva and
  • Alexey Mikhaylov

This paper investigates the impact of the moderate growth of government borrowing on debt sustainability in 11 Russian regions over about 10 years, starting in 2010. The current study aims to assess the debt sustainability of the Russian region&rsquo...

  • Article
  • Open Access
7 Citations
3,673 Views
12 Pages

This research aims to examine the effects of remittance outflows on Saudi’s non-oil economic growth (NOGDP). While few studies have examined the effects of remittance outflows on remitting countries’ economic development, none have looked...

  • Article
  • Open Access
7 Citations
5,934 Views
23 Pages

Service Area Network Analysis for Location Planning of Microbusiness and Local Franchise in Urban Area: A Case Study in Malang City, East Java Provence, Indonesia

  • Satti Wagistina,
  • Dyah Rina Syafitri,
  • Julaika Sri Lestari,
  • Khoirunnisa Hafidha Amanatinismi,
  • Dicky Setiawan and
  • Santica Ramadhani

Malang city is supported by the informal sector, represented by 50.41% informal employees; 17.80% are street food vendors located by collector, neighborhood, local, and alongside footpaths. Those highly potential business opportunities are equipped b...

  • Article
  • Open Access
4 Citations
6,995 Views
23 Pages

India and the Republic of Korea (ROK) are on the path to forging deeper economic cooperation. Both countries signed a Comprehensive Economic Partnership in 2009, which was in effect in 2010, and agreed to reduce and/or eliminate tariffs on goods. In...

  • Hypothesis
  • Open Access
36 Citations
16,166 Views
20 Pages

The stock market is constantly shifting and full of unknowns. In India in 2000, technological advancements led to significant growth in the Indian stock market, introducing online share trading via the internet and computers. Hence, it has become ess...

  • Article
  • Open Access
27 Citations
25,702 Views
14 Pages

Money Supply and Inflation after COVID-19

  • Orkideh Gharehgozli and
  • Sunhyung Lee

The core personal consumption expenditure (PCE) price index, the Federal Reserve’s preferred inflation gauge, rose to 5.2 percent on January 2022, which is the highest rate of increase since 40 years ago. Our estimates show that the annualized...

  • Article
  • Open Access
4 Citations
4,447 Views
19 Pages

Driving Technological Innovation through Intellectual Capital: Industrial Revolution in the Transportation Sector

  • Svetlana Vasilievna Zemlyak,
  • Ludmila Timofeevna Kiyashchenko and
  • Elena Victorovna Ganicheva

The purpose of this research is to investigate intellectual capital as a driver of technological innovation considering the industrial revolution in Russia’s transportation sector. The study was driven by the recent technological advancements i...

  • Article
  • Open Access
9 Citations
3,209 Views
8 Pages

This paper uses firm level data from World Bank Enterprise surveys conducted in 2019, and COVID-19 follow-up surveys conducted in 2020, in ten European countries to investigate the link between the gender of the firm’s owner and the firm’...

  • Article
  • Open Access
4 Citations
4,305 Views
15 Pages

This paper evaluates the effects of a place-based program in the Yangtze Delta of China—Special Economic Zones (SEZs). Taking into account spatial proximity, this paper quantifies the spillover effects of the human capital in SEZs. One major fi...

  • Article
  • Open Access
9 Citations
5,568 Views
13 Pages

As the direction and strategies of new ventures depend on the top management team (TMT)’s stability and continuous efforts, we investigate the relationship between executive turnover and research and development (R&D) investment investment....

  • Article
  • Open Access
17 Citations
13,795 Views
22 Pages

Innovation in education has been heavily focused on pedagogical, technological, or regulatory elements, while service innovation relates to other elements involving interpersonal and community co-production too. This paper provides a conceptual frame...

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Economies - ISSN 2227-7099