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Economies, Volume 11, Issue 10

October 2023 - 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
8 Citations
3,545 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
8,772 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
4 Citations
4,601 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
3,402 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
2,220 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
3,786 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
3,480 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
3,872 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
2,844 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
4,446 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...

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Economies - ISSN 2227-7099