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Economies, Volume 8, Issue 4

December 2020 - 35 articles

Cover Story: Externality problems hinder solutions to existential threats, including climate change and mass extinction. To avert environmental crises, policymakers seek mechanisms that align private incentives with societal exigencies. Successful solutions bring individuals to internalize the broad repercussions of their behavior. In some cases, privatization, Coasian bargaining or Pigouvian taxes effectively place the weight of externalities on the relevant decision makers. Nonetheless, the available remedies often fail to provide satisfactory outcomes, and inefficiencies persist in the markets for energy, transportation, and manufactured goods, among others. This article explains how a simple voting mechanism can achieve socially optimal decisions about many of the innumerable externality problems that remain. View this paper.
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Articles (35)

  • Article
  • Open Access
15 Citations
5,109 Views
19 Pages

11 December 2020

The importance of a sound and stable financial system and by extension economic stability was brought to the fore by the global financial crisis (GFC). The economic and social costs of the GFC have renewed the commitment of stakeholders in the financ...

  • Article
  • Open Access
63 Citations
9,630 Views
20 Pages

9 December 2020

Accelerating demand for energy and its consumption has become a credible threat to the sustainable ecosystem due to the exploitation of scarce natural resources and environmental hazards. The adoption of renewable energy sources for sustainable devel...

  • Article
  • Open Access
36 Citations
12,832 Views
14 Pages

The Economic Impact of Lockdowns: A Persistent Inoperability Input-Output Approach

  • Krista Danielle S. Yu,
  • Kathleen B. Aviso,
  • Joost R. Santos and
  • Raymond R. Tan

9 December 2020

The COVID-19 pandemic has forced governments around the world to implement unprecedented lockdowns, mandating businesses to shut down for extended periods of time. Previous studies have modeled the impact of disruptions to the economy at static and d...

  • Article
  • Open Access
16 Citations
8,701 Views
14 Pages

7 December 2020

Russia’s international comportment and geostrategic moves, particularly the invasion of Ukraine and the annexation of Crimea in 2014, caused a substantial change in its international economic and political relations. In response to Russia&rsquo...

  • Article
  • Open Access
1 Citations
4,940 Views
27 Pages

24 November 2020

Transaction Cost Economics is one of the most critical theories for business studies, including Franchise research. Knowing this stream of research well can help researchers to ground and sustain their studies on a more solid theoretical foundation....

  • Article
  • Open Access
23 Citations
4,897 Views
12 Pages

Debt-Growth Nexus in the MENA Region: Evidence from a Panel Threshold Analysis

  • Mohammed Daher Alshammary,
  • Zulkefly Abdul Karim,
  • Norlin Khalid and
  • Riayati Ahmad

20 November 2020

This study examines whether a debt-to-GDP threshold exists in the public debt and economic growth relationship for 20 Middle East and North Africa (MENA) countries from 1990 to 2016 using the threshold estimation technique. The empirical results reve...

  • Article
  • Open Access
3 Citations
3,275 Views
12 Pages

Knowledge and Innovation in Mexican Agricultural Organizations

  • Sergio Ochoa Jiménez,
  • Gimena Vianey Cervantes Hurtado,
  • Carlos Armando Jacobo Hernández and
  • José Guadalupe Flores López

20 November 2020

Knowledge is a determining factor in the creation of competitive advantage by generating new ways of working, which has been widely studied. However, in the agricultural sector, the contributions are minimal. Given the importance of the topic and the...

  • Article
  • Open Access
5 Citations
3,558 Views
18 Pages

Spatial Patterns in Fiscal Impacts of Environmental Taxation in the EU

  • Vít Pászto,
  • Jarmila Zimmermannová,
  • Jolana Skaličková and
  • Judit Sági

20 November 2020

There are several reasons for environmental taxation implementation. Besides its environmental impact, the main reason for such taxation is its fiscal impact, particularly in generating revenues of public budgets. The main goal of this paper is to ob...

  • Article
  • Open Access
44 Citations
8,240 Views
22 Pages

20 November 2020

This study examines the relationship between COVID-19, government response measures, and stock market volatilities for 11 developed and developing economies within the Asia-Pacific region. Our period of study is between 15 February–30 May 2020....

  • Article
  • Open Access
19 Citations
18,708 Views
17 Pages

18 November 2020

The strategies that non-profit organizations choose for volunteer engagement and financial sustainability are of the utmost importance for successful work. The main purpose of this study was to investigate feasible strategies for volunteer engagement...

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Economies - ISSN 2227-7099