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Economies, Volume 13, Issue 1

2025 January - 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
8 Citations
5,696 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
22,364 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
6,120 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
10 Citations
3,546 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
1,508 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
3,451 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
2,081 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
7 Citations
3,372 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
5 Citations
3,600 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...

  • Article
  • Open Access
2 Citations
4,418 Views
17 Pages

The rise of cryptocurrencies over the past decade has promised to challenge the dominance of fiat money systems and reshape monetary policy. However, recent developments, including market volatility and the collapse of key exchanges like FTX, have er...

  • Article
  • Open Access
1 Citations
3,858 Views
19 Pages

Does Investor Sentiment Influence South African ETF Flows During Different Market Conditions?

  • Paidamoyo Aurleen Shenjere,
  • Sune Ferreira-Schenk and
  • Fabian Moodley

The exponential growth in popularity of ETFs over the last three decades has solidified ETFs as an essential component of many investors’ portfolios. Investor sentiment is one of the factors that influence market returns of ETFs during times of...

  • Article
  • Open Access
3,522 Views
20 Pages

This paper explores a development strategy for peripheral economies by advocating for a paradigm shift from traditional economic models that rely on accumulating foreign reserves. It proposes the job guarantee (JG) policy, an automatic stabilizer bas...

  • Article
  • Open Access
2,963 Views
16 Pages

The goal of this study is to look into the dynamic relationship between stock prices, foreign portfolio investment, and financial development in the South African economy. Federal Reserve Economic Data (FRED) provided quarterly time series data from...

  • Article
  • Open Access
12 Citations
4,907 Views
23 Pages

Food Insecurity and Coping Strategies in War-Affected Urban Settings of Tigray, Ethiopia

  • Hafte Gebreselassie Gebrihet,
  • Yibrah Hagos Gebresilassie and
  • Mekonen Aregai Gebreselassie

Armed conflict remains a significant global issue, with several studies highlighting its detrimental impact on the affected communities, making it a critical area of research. This study aimed to examine the effects of prolonged armed conflict on foo...

  • Article
  • Open Access
3 Citations
10,745 Views
28 Pages

31 December 2024

Forecasting stock markets is challenging due to the influence of various internal and external factors compounded by the effects of globalization. This study introduces a data-driven approach to forecast S&P 500 returns by incorporating macroecon...

  • Article
  • Open Access
1 Citations
7,669 Views
30 Pages

31 December 2024

Employment stability is crucial to social harmony and individual well-being. This study empirically analyzes whether the succession plan adopted by a family business can achieve the goal of stable employment and explores potential mechanisms at the i...

  • Article
  • Open Access
4 Citations
3,646 Views
22 Pages

31 December 2024

Income is often viewed as the main determinant of life insurance demand. However, in the last two decades, the world’s life insurance penetration has continued to decrease even as income grows. This study investigates the relationship between i...

  • Article
  • Open Access
1 Citations
3,146 Views
30 Pages

Approaches to Prognosing the European Economic Crisis Through a New Economic–Financial Risk Sensitivity Model

  • Monica Laura Zlati,
  • Costinela Fortea,
  • Alina Meca and
  • Valentin Marian Antohi

31 December 2024

This paper presents a novel approach to prognosing European economic crises through the development of an economic–financial risk sensitivity model. The model integrates key macroeconomic indicators such as government deficit (NETGDP), GINI coe...

  • Article
  • Open Access
3,021 Views
23 Pages

28 December 2024

This study aims to quantify the extent to which poor households receiving cash support from the Vision Umurenge Programme (VUP) allocate their income across major spending categories, mainly consumption, savings, household-level investment, and cash...

  • Article
  • Open Access
2,501 Views
23 Pages

25 December 2024

Higher levels of quota granted can induce and increase exports, but the impact is not the same across all tariff lines. Answers are sought to the question of how the level of exports changes as the quota size of tariff rate quotas changes, thus enabl...

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Economies - ISSN 2227-7099