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Economies, Volume 13, Issue 1

January 2025 - 21 articles

Cover Story: This paper advocates a paradigm shift for peripheral economies from traditional models reliant on foreign reserves to a development strategy grounded in modern monetary theory (MMT). It proposes a job guarantee (JG) policy that acts as an automatic stabilizer for sustainable growth. Critiquing conventional external reserve accumulation, the study highlights MMT’s emphasis on monetary sovereignty, flexible exchange rates, low interest rates, and capital controls. Through a systematic literature review, it explores MMT’s potential to reduce dependency on foreign currencies, prioritize full employment, mobilize domestic resources, and foster structural transformations. Despite challenges, the approach offers a more equitable, stable, and autonomous development path for peripheral economies. View this paper
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Articles (21)

  • Article
  • Open Access
6 Citations
5,139 Views
22 Pages

15 January 2025

African economies are undergoing significant structural transformation, transitioning from agriculture to manufacturing, services, and technology-driven industries. Driven by urbanization, technological innovation, and global trade, this shift offers...

  • Article
  • Open Access
3 Citations
20,608 Views
30 Pages

15 January 2025

The use of flexible work arrangements (e.g., remote, hybrid) has spread during the pandemic and cumulative studies provide mixed findings on the positive vs. negative consequences of these working methods for employees and organizations. The present...

  • Article
  • Open Access
3 Citations
5,644 Views
17 Pages

15 January 2025

This study empirically explores the dynamic effect of MP and FP on the economic growth of Thailand from Q1:2003 to Q2:2024. In this study, data analysis was conducted using an advanced sequence of the econometric modeling approach to guarantee that t...

  • Article
  • Open Access
8 Citations
3,246 Views
29 Pages

Mediating Effects of Foreign Direct Investment Inflows on Carbon Dioxide Emissions

  • Prajukta Tripathy,
  • Mohsen Brahmi,
  • Baiju Pallayil and
  • Bikash Ranjan Mishra

12 January 2025

In this research, the direct and indirect effects of foreign direct investment (FDI) inflows on carbon dioxide (CO2) emissions in India are examined, covering the period from 1980 to 2014. To quantify the indirect outcome of the existence of FDI on C...

  • Article
  • Open Access
1,378 Views
16 Pages

Predicting Convergence of Per Capita Income in Spain: A Markov and Cluster Approach

  • José F. Gálvez-Rodríguez,
  • Miguel Manzano-Hidalgo and
  • Amelia V. García-Luengo

11 January 2025

In this work we analyze the evolution of productivity, in terms of the convergence of per capita income, of all the Spanish provinces, based on data from the previous decade. On the one hand, a cluster analysis allows us to group the Spanish province...

  • Article
  • Open Access
1 Citations
3,221 Views
27 Pages

Shipyard Manpower Digital Recruitment: A Data-Driven Approach for Norwegian Stakeholders

  • Bogdan Florian Socoliuc,
  • Andrei Alexandru Suciu,
  • Mădălina Ecaterina Popescu,
  • Doru Alexandru Plesea and
  • Florin Nicolae

11 January 2025

This study examines the effectiveness of digital recruitment platforms in addressing labor shortages within Norway’s shipbuilding and ship-repair industry. Through a data analysis of 446 job applications over a 12-month period, this study evalu...

  • Article
  • Open Access
1 Citations
1,904 Views
31 Pages

11 January 2025

The interest in clusters in the economy and regional space, which has persisted for nearly three decades, has reignited the understanding of the economy as a system of interdependencies between industries. Although the concept of clusters can be trac...

  • Article
  • Open Access
5 Citations
2,980 Views
17 Pages

The Role of Livelihood Assets in Affecting Community Adaptive Capacity in Facing Shocks in Karangrejo Village, Indonesia

  • Gunawan Prayitno,
  • Aidha Auliah,
  • Achmad Efendi,
  • Ainul Hayat,
  • Aris Subagiyo and
  • Aulia Putri Salsabila

This study addresses a theoretical gap by examining how multiple livelihood assets collectively enhance rural communities’ adaptive capacity and contribute to rural resilience theory. Using structural equation modeling, data were collected from...

  • Article
  • Open Access
2 Citations
3,258 Views
28 Pages

Dynamic Spillovers of Economic Policy Uncertainty: A TVP-VAR Analysis of Latin American and Global EPU Indices

  • Nini Johana Marín-Rodríguez,
  • Juan David González-Ruíz and
  • Sergio Botero

This study examines the dynamic interconnectedness of economic policy uncertainty (EPU) among Latin American economies—Brazil, Chile, Colombia, and Mexico—and significant international regions, including the United States, Europe, and Jap...

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Economies - ISSN 2227-7099