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Economies, Volume 8, Issue 2

2020 June - 26 articles

Cover Story: This study analyzes the current debate around central bank-backed digital currency (CBDC). The conclusion was that there are opposite tendencies between defenders and detractors of establishing a CBDC. However, today—considering the positions of many banking institutions on establishing (at least in the short term) a CBDC—it seems that large-scale implementation is still far off. On the contrary, the Chinese Central Bank and other banking systems seem to go against the trend of rejection and are seriously considering its implementation. Although this matter has been dealt with in the theoretical field, more pilot tests such as the one carried out by Uruguay are necessary to understand specific effects on the economy, on one hand, and acceptance of its use by the population, on the other. View this paper
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Articles (26)

  • Article
  • Open Access
2 Citations
4,076 Views
14 Pages

“Creating conditions for more people to have property income” has become a national policy after the 17th National Congress of the Communist Party of China. Based on the micro survey data from Chinese Family Panel Studies (CFPS) in 2010,...

  • Article
  • Open Access
10 Citations
4,891 Views
23 Pages

Only unstructured single-path model selection techniques, i.e., Information Criteria, are used by Bounds test of cointegration for model selection. The aim of this paper was twofold; one was to evaluate the performance of these five routinely used in...

  • Article
  • Open Access
66 Citations
18,991 Views
15 Pages

Prior research has emphasized the importance of bringing together quadruple helix (QH) actors (academia, industry, government and civil society) to strengthen regional innovation. The QH model forms an integral part of European innovation policy, whi...

  • Article
  • Open Access
12 Citations
15,231 Views
30 Pages

This study attempts to empirically examine the impacts of the China–Africa economic relationship on factor productivity. The two-step system Generalized method of moments (GMM) estimator is applied to analyze the impacts of the Africa–Chi...

  • Article
  • Open Access
27 Citations
9,355 Views
21 Pages

Corporate risk-taking behavior and investment is a crucial factor in order to seek higher profits and a better trading strategy. Competitive advantage and innovation, while maintaining profitability and state ownership, are considered as crucial reso...

  • Article
  • Open Access
9 Citations
8,822 Views
20 Pages

Empirical Measurement of Competition in the Thai Banking Industry

  • Jirawan Prayoonrattana,
  • Thanarak Laosuthi and
  • Bundit Chaivichayachat

The degree of competition in the banking industry can be observed and measured by two approaches, structural and nonstructural. Based on these two approaches, there are various indicators, which are different factors and methods. This paper aims to p...

  • Article
  • Open Access
32 Citations
11,786 Views
19 Pages

The Role of the Academic and Political Empowerment of Women in Economic, Social and Managerial Empowerment: The Case of Saudi Arabia

  • Maleeha Mohammed Zaaf Al-Qahtani,
  • Tarek Tawfik Yousef Alkhateeb,
  • Haider Mahmood,
  • Manal Abdalla Zahed Abdalla and
  • Thikkryat Jebril Obaid Talalah Qaralleh

Women may be considered to have hidden, unutilized potential for the economy and society, if not utilized at their full capacity, i.e., with effective educational, social and political policies. Allowing women to participate fully in an economy may c...

  • Article
  • Open Access
7 Citations
8,498 Views
11 Pages

This study aims to assess the protection for Vietnamese agriculture under trade liberalization based on the input–output approach. From a theoretical perspective, the authors develop a general framework to estimate the effective rate of protect...

  • Article
  • Open Access
16 Citations
8,179 Views
20 Pages

Financial inclusion is the process of including the people who lack formal financial services. The concept of financial inclusion emerged globally in the times of millennium and is defined as the availability and usage of formal financial services. I...

  • Article
  • Open Access
67 Citations
18,879 Views
27 Pages

Reasons Fostering or Discouraging the Implementation of Central Bank-Backed Digital Currency: A Review

  • Sergio Luis Náñez Alonso,
  • Miguel Ángel Echarte Fernández,
  • David Sanz Bas and
  • Jarosław Kaczmarek

This study analyses the current debate around central bank-backed digital currency (CBDC). A comparative study was carried out considering countries for and against implementing a CBDC and their reasons, looking for common causes, differences, etc. T...

  • Article
  • Open Access
2 Citations
3,718 Views
12 Pages

This study examines the evolution of the regional per capita income from the perspective of a policymaker at the national level. To do that, it utilizes stochastic dominance analysis by including a utility function that expresses the “regional...

  • Article
  • Open Access
15 Citations
7,857 Views
17 Pages

In an attempt to diversify itself away from the dominance of oil on its economy, Saudi Arabia needs to emphasize on the growth of its private sector. Currently, the private sector’s contribution to economic growth is meager as the oil sector do...

  • Feature Paper
  • Article
  • Open Access
8 Citations
7,476 Views
26 Pages

The aim of this paper is to assess the extent to which different levels of decentralisation across regions of the European Union (EU) affected citizens’ perceptions about European integration over the period 1973–2002. The paper uses Euro...

  • Article
  • Open Access
1 Citations
3,739 Views
10 Pages

The European Central Bank, as a supervisory authority, set additional to the European level one capital requirements known as Pillar 2 for 118 significant credit institutions. Disclosure of Pillar 2 requirements is not compulsory, although many credi...

  • Article
  • Open Access
1 Citations
9,267 Views
9 Pages

Direct Effect of TC on the LME Copper Prices

  • Byungkwon Lim,
  • Hyeon Sook Kim and
  • Jaehwan Park

The motivation of this paper is to identify the effect of treatment charge (TC) on LME (London Metal Exchange) copper prices. It is a fundamental variable as a supply side factor, because it is related to the smelting process and reflects the level o...

  • Article
  • Open Access
49 Citations
17,065 Views
26 Pages

In this study, we explore the hypotheses that (a) workers’ remittances enhance economic growth in Latin American countries, and (b) workers’ remittances help reduce poverty in Latin American countries. In recent decades, workers’ re...

  • Article
  • Open Access
6 Citations
4,550 Views
13 Pages

This study analyzes the links between Italian inner area municipalities’ expenditure and per capita incomes, considered as a proxy of well-being. Inner areas are territorial contexts characterized by a significant distance from the centers, the...

  • Article
  • Open Access
59 Citations
9,811 Views
27 Pages

The efficient use of inputs is indispensable in many developing countries, such as Ethiopia. This study assesses the level and determinants of technical efficiency of smallholder farmers using the true fixed effects (TFE) model. The TFE model separat...

  • Article
  • Open Access
19 Citations
15,050 Views
20 Pages

Does dollarisation influence economic activity in Zimbabwe? The question has incited a lot of debates among researchers and analysts. In an attempt to answer this question, the study used an Auto Regressive Distributive Lag (ARDL) procedure, to inves...

  • Feature Paper
  • Article
  • Open Access
15 Citations
9,375 Views
31 Pages

How might diverse and often conflicting knowledge and belief structures and practices be mobilized into legitimate approaches for people looking to address the need for heightened responsible and sustainable entrepreneurial action by business organiz...

  • Article
  • Open Access
7 Citations
10,240 Views
17 Pages

Fairtrade labeling has the potential to increase market efficiency by connecting farmers to altruistic consumers who are willing to pay a premium for sustainability-certified products. A requirement for increased efficiency, though, is that the farme...

  • Article
  • Open Access
7 Citations
6,027 Views
31 Pages

Multidimensional Inequality in Vietnam, 2002–2012

  • Thi Kim Thanh Bui and
  • Guido Erreygers

We investigate the evolution of multidimensional inequality of well-being in Vietnam in the period 2002–2012 using household survey data. Our study focuses on four crucial dimensions of human welfare: consumption, education, health and housing....

  • Article
  • Open Access
13 Citations
5,889 Views
21 Pages

A Spatial Analysis of Intensity in Tourism Accommodation: An Application for Extremadura (Spain)

  • María Cristina Rodríguez Rangel,
  • Marcelino Sánchez Rivero and
  • Julián Ramajo Hernández

There is a general belief that the distribution of tourist activity in space does not respond to a random pattern, so having a thorough knowledge of said activity will require analyzing and understanding its distribution pattern. At the same time, th...

  • Article
  • Open Access
65 Citations
20,070 Views
12 Pages

Stagnant economic growth, decreasing investment and high unemployment remain consistent macroeconomic challenges for South Africa. Gross Capital formation (GCF) is designed to improve employment and economic growth (GDP). This study investigates the...

  • Article
  • Open Access
18 Citations
7,994 Views
15 Pages

Leadership and Effective Institutional Economics Design in the Context of Education Reforms

  • Wadim Strielkowski,
  • Vyacheslav Volchik,
  • Artyom Maskaev and
  • Pavel Savko

Nowadays, the most typical reforms in higher education are conducted through the reorganization of universities either in the form of a merger, acquisition, or new status attainment. As a result, universities which educate local leaders for their res...

  • Article
  • Open Access
11 Citations
7,826 Views
14 Pages

This paper explores the determinants of the net interest margin (NIM) using unbalanced panel data from 2003 to 2017. This paper’s objective is achieved by using a two-step system generalised method of moment (GMM) for estimation. Three differen...

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Economies - ISSN 2227-7099