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Economies, Volume 11, Issue 7

2023 July - 28 articles

Cover Story: Wage inequality implies that a few employees earn high salaries compared to many others earning low salaries. An argument for wage inequality is that high-earners, e.g., managers, align their interests with the owners, which induces the managers to increase revenues. High wages, moreover, attract competent employees in key positions. Research has nonetheless indicated weak or absent performance effects from offering high wages to few employees, and in our paper, we show that wage inequality decreases enterprise operating revenues. An argument for the negative association is that wage inequality implies that many employees earn low wages, which precludes value creation. View this paper
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Articles (28)

  • Article
  • Open Access
4 Citations
9,329 Views
15 Pages

The Impact of COVID-19 on the Volatility of Copper Futures

  • Oscar Melo-Vega-Angeles and
  • Bryan Chuquillanqui-Lichardo

The COVID-19 pandemic has introduced significant uncertainty across various economic sectors, most notably in the industrial sector due to the high volatility in copper futures markets. These markets play a crucial role in the construction, electrica...

  • Article
  • Open Access
2 Citations
4,661 Views
24 Pages

Linking Brazilian Regions to Value Chains: Is There a Potential for Regional Development?

  • Eduardo Rodrigues Sanguinet,
  • Miguel Atienza,
  • Carlos Roberto Azzoni and
  • Augusto Mussi Alvim

This paper examines the subnational dimension of regional value-added transfers in multiscalar value chains in Brazil by analyzing the local content embedded in trade. This study reveals distinct spatial-based connectivity patterns within subnational...

  • Article
  • Open Access
7 Citations
9,150 Views
22 Pages

The labor market can be a daunting place for young graduates; this paper aims to shed light on how they navigate it. By examining the ways in which they enter the workforce and the impact of individual and socioeconomic factors on their career paths,...

  • Article
  • Open Access
6 Citations
4,631 Views
17 Pages

Do Energy Prices Put the Tourism Sector at Risk?

  • Georgia Poutakidou and
  • Angeliki N. Menegaki

This paper studies the effect of a shock in the hospitality sector, namely the energy price increase, with stated preference methods and performs the subsequent analysis with a mixture of quantitative and qualitative tools. The hospitality sector is...

  • Article
  • Open Access
12 Citations
5,359 Views
18 Pages

Air Pollution and Health in Africa: The Burden Falls on Children

  • Courage Mlambo,
  • Phillip Ngonisa,
  • Bhekabantu Ntshangase,
  • Nomusa Ndlovu and
  • Bongekile Mvuyana

This study sought to examine the impact of air pollution on health in Africa. Air pollution is a major public health concern around the world. Exposure to air pollution has been linked to a slew of negative health consequences, ranging from subclinic...

  • Article
  • Open Access
6 Citations
4,577 Views
27 Pages

This paper investigates the macroeconomic determinants of global bilateral remittance flows. Unlike existing studies, which have been often hampered by the lack of comprehensive and large-enough datasets, we use data originally covering 214 countries...

  • Article
  • Open Access
55 Citations
6,422 Views
18 Pages

The Role of Greener Innovations in Promoting Financial Inclusion to Achieve Carbon Neutrality: An Integrative Review

  • Mohsen Brahmi,
  • Luca Esposito,
  • Anna Parziale,
  • Karambir Singh Dhayal,
  • Shruti Agrawal,
  • Arun Kumar Giri and
  • Nguyen Thi Loan

In recent times, the green transition, by promoting carbon neutrality, has become highly imperative to meet environmental challenges. The present literature review study seeks to explore the intersecting role of greener innovations in facilitating fi...

  • Article
  • Open Access
4 Citations
8,691 Views
22 Pages

In recent decades, the wage gap between higher- and lower-skilled workers has steadily widened around the world, and this gap is widening. There are several approaches in the literature to understand the causes of this steady increase, with Skill-Bia...

  • Article
  • Open Access
9 Citations
4,385 Views
16 Pages

Research has shown that innovativeness is a key factor in business performance. However, the link between innovativeness and organisational performance and the role of environmental dynamism are still being debated. This study thus sought to analyse...

  • Article
  • Open Access
3,530 Views
17 Pages

Our study uses 24 waves of the survey Establishments in the COVID-19 crisis (BeCOVID), a high-frequency dataset collected at monthly intervals by the Institute for Employment Research during the COVID-19 pandemic, to investigate the behaviour of esta...

  • Article
  • Open Access
3 Citations
3,198 Views
19 Pages

The Effect of the Entrepreneurial Ecosystem of Universities on the Innovative Activity in Russian Regions

  • Olga A. Myzrova,
  • Tatyana V. Goryacheva,
  • Olga V. Sysoeva and
  • Victor V. Sysoev

The entrepreneurial ecosystem of universities is frequently recognized to have a key influence on the innovative activity of the related regions. However, these relationships have not been explored in the scientific literature regarding Russia. There...

  • Article
  • Open Access
6 Citations
8,686 Views
15 Pages

Faithful Finance: Unlocking Banking Islamization in Afghanistan

  • Mustafa Disli,
  • Ahmad Khalid Hatam and
  • Shakir Jalaly

This paper explores the challenges and prospects associated with the adoption of Islamic banking in Afghanistan. Despite the global growth and acceptance of Islamic banking by approximately 50 countries by 1997, Afghanistan only embraced it between 2...

  • Article
  • Open Access
26 Citations
21,789 Views
21 Pages

Although empirical studies of the link between foreign direct investment, foreign portfolio investment, and economic development have long influenced economic studies, the results have been inconclusive. Focusing on ten countries, this study contribu...

  • Review
  • Open Access
4 Citations
4,775 Views
24 Pages

To investigate and create theories of socio-economic dynamics has always been relevant for professionals in theoretical and applied economics. These theories are urgent in periods of global and catastrophic events since, on the one hand, they can exp...

  • Article
  • Open Access
2 Citations
3,187 Views
17 Pages

Russia and the EU represent two economic blocs with high-value bilateral trade, especially in several specific sectors. The Russia–Ukraine war has facilitated the escalation of protectionism against Russia, and the EU and Western partners have...

  • Article
  • Open Access
7 Citations
4,462 Views
18 Pages

The Design of a Contract Farming Model for Coffee Tree Replanting

  • Adi Haryono,
  • Mohamad Syamsul Maarif,
  • Arif Imam Suroso and
  • Siti Jahroh

Coffee tree replanting is needed in Indonesia, yet a financing scheme is not available at the moment due to its economic feasibility and farmers’ reluctance to reinvest. This research aims to design contract farming for coffee tree replanting i...

  • Article
  • Open Access
3 Citations
3,395 Views
12 Pages

Determinants of Ship Management Revenues: The Case of Cyprus

  • Nektarios A. Michail,
  • Konstantinos D. Melas and
  • Kyriaki G. Louca

We explore, for the first time in the literature, how the revenues of ship management companies respond to macroeconomic exogenous shocks. Using data for ship-management companies in Cyprus, we find evidence that a demand shock has the largest impact...

  • Article
  • Open Access
2,226 Views
22 Pages

The average payment period (APP) is an important measure to monitor public sector liquidity and commercial debt sustainability. In the European Union, the relevance of APP as an indicator to mitigate those concerns was settled by the issuance of a Di...

  • Article
  • Open Access
42 Citations
27,110 Views
22 Pages

This paper aims to investigate the impact of innovation on three macroeconomic indicators: GDP, self-employment, and foreign direct investment (FDI). The study analyses a sample of 120 countries using the Global Innovation Index (GII) and its constit...

  • Article
  • Open Access
9 Citations
4,051 Views
17 Pages

Analyzing the Impact of Foreign Capital Inflows and Political Economy on Economic Growth: An Application of Regime Switching Model

  • Nabila Khurshid,
  • Hamza Sharif,
  • Mosab I. Tabash,
  • Basem Hamouri,
  • Asma Fiaz and
  • Fozia Munir

The goal of this study is to use the Markov Regime Model (MSM) to evaluate the impact of three important FCIs and the political economy on Pakistan’s economic growth. The current research used quarterly data from 2000 to 2020. The empirical res...

  • Article
  • Open Access
7 Citations
4,837 Views
26 Pages

Understanding the Emergence of Rural Agrotourism: A Study of Influential Factors in Jambi Province, Indonesia

  • Zulgani Zulgani,
  • Junaidi Junaidi,
  • Dwi Hastuti,
  • Ernan Rustiadi,
  • Andrea Emma Pravitasari and
  • Fadwa Rhogib Asfahani

This investigation delineates the multi-faceted determinants integral to the evolution of agrotourism within rural domains, concentrating on the province of Jambi as a case study. This scholarly inquiry engaged with four representative villages, util...

  • Article
  • Open Access
6 Citations
3,815 Views
24 Pages

Although the topic of corruption in South Asia has attracted a great deal of attention, extant research on individual-level factors is sparse. With this background, this paper examines the effect of selected individual-level determinants on South Asi...

  • Communication
  • Open Access
2 Citations
2,158 Views
8 Pages

This study assesses whether wage inequality affects enterprises’ operating revenues and whether operating revenues reversely affect wage inequality. To study our research questions, we analyze panel data from Norway and find that wage inequalit...

  • Article
  • Open Access
1 Citations
2,102 Views
19 Pages

We here examine the frequent claim that an increase in the tax base and a decrease in tax evasion will compensate for a loss in tax revenues caused by a lower tax level. Using a unique data set for the estimated underground economy in Italy from 1982...

  • Article
  • Open Access
1 Citations
3,782 Views
30 Pages

Methodological Approach to Assessment Socio-Economic Development of the Chuvash Republic (Subject of the Russian Federation)

  • Tatyana Ladykova,
  • Tatyana Ivanova,
  • Viktor Streltsov,
  • Anatoly Sayganov and
  • Ekaterina Ladykova

The article develops a methodological approach to the assessment of socio-economic development of the Chuvash Republic, which allows to consider the factors with heterogeneous metrics. The scientific novelty of the study lies in the combination of me...

  • Article
  • Open Access
14 Citations
6,274 Views
13 Pages

This study investigates the impact of openness on human capital in 112 countries worldwide in 2000–2019. An two-stage least square fixed-effect model with instrumental variables is used to unravel the complicated relationship between human capi...

  • Review
  • Open Access
10 Citations
5,982 Views
19 Pages

Energy security is recognized as a key element for the successful functioning of an entire energy system. However, the perception of energy security is contextual and there is no universally accepted definition of the concept. The current global conc...

  • Article
  • Open Access
1 Citations
3,063 Views
19 Pages

Revisiting the Impact of Dams on Malaria and Agriculture

  • Sebastien Mary,
  • Kyle Craven,
  • Avraham Stoler and
  • Sarah Shafiq

We estimate the effect of large dams on malaria incidence in India between 1975 and 1995. We combine instrumental variables approach with a panel model with unobserved common factors allowing us to fully capture the endogeneity of dam location and un...

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Economies - ISSN 2227-7099