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Economies, Volume 12, Issue 4

April 2024 - 22 articles

Cover Story: Governments in many countries subsidize public universities to gain the social benefits of an educated workforce. Government revenues are sensitive to the business cycle, potentially resulting in unstable subsidies. This article investigates the association between operating grants to public universities and the state of the business cycle using a sample of Canadian universities over 28 years. The results from an econometric model suggest that the necessary funding for countercyclical enrollments more than offsets the procyclical discretionary component of funding, resulting in a relatively smooth path for operating grants over the business cycle. This article is beneficial for policymakers in government and higher education. View this paper
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Articles (22)

  • Article
  • Open Access
2 Citations
10,679 Views
22 Pages

In this study spanning four decades, we explored the relationship between the Reserve Bank of India’s (RBI) interventions and the validity of Purchasing Power Parity (PPP) across two distinct exchange rate regimes: the fixed exchange rate regim...

  • Article
  • Open Access
6 Citations
3,335 Views
12 Pages

CO2 Emissions, Remittances, Energy Intensity and Economic Development: The Evidence from Central Asia

  • Bekhzod Kuziboev,
  • Olimjon Saidmamatov,
  • Elbek Khodjaniyazov,
  • Jakhongir Ibragimov,
  • Peter Marty,
  • Davron Ruzmetov,
  • Umidjon Matyakubov,
  • Ekaterina Lyulina and
  • Dilshad Ibadullaev

Remittances are a crucial part of economic expansion, especially in Central Asia. Nevertheless, it is not possible to ignore its environmental damage. This paper is a pioneer in investigating the association among CO2 emissions, remittances, energy c...

  • Article
  • Open Access
2 Citations
2,985 Views
12 Pages

Canada’s universities each receive an annual operating grant from their provincial government to partially finance operating expenses. This paper estimates the sensitivity of provincial operating grants to the business cycle by disentangling th...

  • Article
  • Open Access
9 Citations
7,134 Views
22 Pages

What Factors Are Limiting Financial Inclusion and Development in Peru? Empirical Evidence

  • Sergio Luis Náñez Alonso,
  • Javier Jorge-Vazquez,
  • Lieslie Gallegos Arias and
  • Noelia Muñoz del Nogal

Despite recent efforts in Peru to boost financial inclusion, significant issues of exclusion persist, especially among vulnerable groups. This article aims to identify and analyze areas at risk of financial exclusion using a multifaceted methodology:...

  • Article
  • Open Access
2,216 Views
14 Pages

Using a diagonal BEKK model, this paper estimates a spillover effect from the international crude oil market to the Korean stock market. Empirical results suggest that shocks and volatility in Dubai oil prices are significantly transmitted into twent...

  • Article
  • Open Access
4 Citations
4,182 Views
18 Pages

Identifying Determinants of Food Security Using Panel Data Analysis: Evidence from Maghreb Countries

  • Guerrache Mohamed,
  • Fayçal Chiad,
  • Menacer Abdesslam,
  • Belkacem Omar and
  • Mujeeb Saif Mohsen AL-Absy

Countries and international bodies are focusing on agriculture as a route to achieving sustainable food security. Hence, the aim of this study is to examine the determinants of food security. It investigates the effects of gross domestic product defl...

  • Article
  • Open Access
3 Citations
3,514 Views
14 Pages

Assessing Production and Marketing Efficiency of Organic Horticultural Commodities: A Stochastic Frontier Analysis

  • Etty Puji Lestari,
  • Sucihatiningsih Dian Wisika Prajanti,
  • Fauzul Adzim,
  • Faizul Mubarok and
  • Arif Rahman Hakim

Inefficiency is a problem in the production process, including in the organic farming sector. Over a long term period, this problem can disrupt the productivity of agricultural crops. This research aims to analyze the production and marketing efficie...

  • Article
  • Open Access
14 Citations
5,782 Views
20 Pages

In times of intense economic variability and social turbulence worldwide, this paper aims to examine the existence of transient correlations and interdependencies between the most important MSCI ESG indices worldwide and the most important commoditie...

  • Article
  • Open Access
4 Citations
4,465 Views
19 Pages

The misery index (MI) was devised to summarize the most evident costs for a society, attempting to objectively measure the loss in general welfare. It has been remarked in the literature that economic growth exerts a negative impact on the MI; howeve...

  • Article
  • Open Access
1 Citations
3,216 Views
16 Pages

This article provides an empirical analysis aimed at evaluating the financial trends and disparities at the sector level within the Balkan and Eastern European region. The dataset encompasses a period of nine years and comprises more than 20 million...

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Economies - ISSN 2227-7099