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Economies, Volume 11, Issue 7

July 2023 - 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
3 Citations
2,993 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
5 Citations
8,085 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
21 Citations
20,285 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
3 Citations
4,583 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
2,887 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
4,244 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
3,180 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
2,043 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
38 Citations
26,070 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
3,844 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...

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Economies - ISSN 2227-7099