{"title":"El Impacto del sector educación en los macroterritorios Norte Chico y Patagonia","authors":"Sergio Soza-Amigo, Lorena Paredes","doi":"10.15304/rge.33.1.9261","DOIUrl":"https://doi.org/10.15304/rge.33.1.9261","url":null,"abstract":"En este artículo se contrasta si los sectores con un PIB cercano al promedio aportan más al sistema económico por medio de sus multiplicadores de empleo y/o efectos de dispersión, que aquellos que presentan un PIB superior a éste. Para lograr aquello se utiliza como referencia un horizonte de 11 años (2008- 2018) y, los 11 centros principales de los macroterritorios de Chile [Norte Chico (6) y Patagonia (5)]. Como instrumento de información se utilizan matrices input-output, desde donde se obtienen las variables PIB, multiplicador de empleo y coeficientes de dispersión, estos últimos entendidos como aquéllos que permiten cuantificar el alcance de las repercusiones de una actividad económica, por medio de sus efectos directos y/o indirectos. Los resultados permiten concluir que, actividades económicas con un PIB cercano al promedio como el del sector educación, presentan efectos difuminados que apoyan la idea de facilitar el desarrollo vía cambios en su producción versus otras que, con altos PIB, presentan unos efectos concentrados que limitan por tanto su aporte en términos de interacción. Estos resultados contribuirán al establecimiento de políticas de desarrollo económico en función de las particularidades de cada territorio.","PeriodicalId":102474,"journal":{"name":"Revista Galega de Economía","volume":"68 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140279091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Alberto Méndez-Morales, Camilo Anzola-Morales, Liliana Elizabeth Ruiz-Acosta, David Andrés Camargo-Mayorga
{"title":"Intangible assets and their effects on business performance: an analysis for Colombian companies","authors":"Alberto Méndez-Morales, Camilo Anzola-Morales, Liliana Elizabeth Ruiz-Acosta, David Andrés Camargo-Mayorga","doi":"10.15304/rge.33.1.9138","DOIUrl":"https://doi.org/10.15304/rge.33.1.9138","url":null,"abstract":"Intangible assets (IAs) are fundamental for the creation of firm value. However, the literature is inconclusive regarding the relationship between IAs and profitability. This paper uses financial data from Colombian firms from 2005 to 2015 to determine if this relationship exists. Thirty dynamic panel models have been used to see whether IAs are related to Return on Equity, Return on Assets, Earnings Before Interest and Taxes, Earnings Before Interest, Taxes, Depreciation, and Amortization, Gross margin, and Net margin. The results, despite a limited sample size and missing variables, are related to the literature in that they signal the negative relationship between IAs and profitability. Thus, the capitalized value of IAs seems to negatively affect Colombian firms' performance in the short and long term.","PeriodicalId":102474,"journal":{"name":"Revista Galega de Economía","volume":"462 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140446945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Liderazgo ético y clima benevolente. El efecto mediador de la autoeficacia creativa y el moderador del compromiso de continuidad","authors":"Carlos Santiago Torner","doi":"10.15304/rge.32.3.9092","DOIUrl":"https://doi.org/10.15304/rge.32.3.9092","url":null,"abstract":"El sector eléctrico colombiano necesita un estilo de dirección ético asociado con un clima laboral que apoye sus principios. Además, la autoeficacia determina la voluntad creativa individual y el compromiso no siempre tiene una función integradora. Por eso, esta investigación busca analizar la relación entre liderazgo ético y clima benevolente a través de la mediación de la autoeficacia creativa y la doble moderación del compromiso de continuidad. Para ese fin se utiliza un modelo condicional. La muestra es de 448 empleados. El liderazgo ético construye un hábitat de autonomía y confianza que deriva en autopercepciones de autoeficacia creativa. Asimismo, dimensiones de la personalidad como apertura a la experiencia, escrupulosidad y extraversión normalizan la función mediadora de la autoeficacia creativa respecto al liderazgo ético y un clima benevolente e incluye a las tres variables. Por último, el compromiso de continuidad favorece la insatisfacción laboral, el agotamiento emocional y la incapacidad personal lo que detiene el comportamiento dinámico que necesita la autoeficacia creativa y al mismo tiempo interrumpe las relaciones prosociales que unen al líder ético con un clima benevolente.","PeriodicalId":102474,"journal":{"name":"Revista Galega de Economía","volume":" 73","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138612057","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"La configuración histórica del sistema hospitalario público y privado en España desde una perspectiva territorial: un estudio a través del caso gallego","authors":"Margarita Vilar Rodríguez, Daniel Peñín Agra","doi":"10.15304/rge.32.3.9203","DOIUrl":"https://doi.org/10.15304/rge.32.3.9203","url":null,"abstract":"Los hospitales se han convertido hoy en día en espacios estratégicos de investigación científica, formación médica y atención clínica, a la vez que en ejes centrales de nuestro sistema de salud y de nuestro estado del bienestar. Partiendo de esta idea, este trabajo ofrece nuevos datos cuantitativos y propone dos objetivos básicos. Primero, analizar qué factores condicionaron la configuración histórica del mapa hospitalario público y privado en Galicia desde una perspectiva comparativa. Segundo, estudiar el impacto de la Ley General de Sanidad aprobada en 1986 y del traspaso de las transferencias sanitarias a Galicia en 1991 sobre la configuración de su sistema hospitalario público y privado en el largo plazo. Los resultados obtenidos ponen en evidencia la importancia de la perspectiva territorial para comprender la compleja heterogeneidad histórica de nuestro modelo hospitalario actual y aportan nuevos elementos para el debate político y el análisis económico.","PeriodicalId":102474,"journal":{"name":"Revista Galega de Economía","volume":"24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139199393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Challenges and prospects for activating a circular economy in the context of sustainable waste management in Algeria","authors":"Mahfoudh Hassaine, Belaïd Abrika","doi":"10.15304/rge.33.2.9284","DOIUrl":"https://doi.org/10.15304/rge.33.2.9284","url":null,"abstract":"The article deals with the problem of waste management in Algeria. It aims to analyze the various policies undertaken by the government in order to be able to respond to the principles of sustainable development and the circular economy from the perspective of sustainable and integrated waste management. The analyses carried out show that the first waste management strategies in Algeria are more reactive and constitute a response to the crisis of the proliferation of waste. It is only from the year 2016 that the national integrated waste management strategy constitutes a perspective of registration of this sector in a circular approach of profitability and sustainability.","PeriodicalId":102474,"journal":{"name":"Revista Galega de Economía","volume":"21 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139251289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Manuel Ruiz-Adame, Susana Martínez Rodríguez, Jose Antonio Posada-Jiménez
{"title":"The effect of socioeconomic factors, fear of crime and social mobilization on the evaluation of judiciary decisions","authors":"Manuel Ruiz-Adame, Susana Martínez Rodríguez, Jose Antonio Posada-Jiménez","doi":"10.15304/rge.32.3.9274","DOIUrl":"https://doi.org/10.15304/rge.32.3.9274","url":null,"abstract":"Crimes related to sexual abuse and rape attract large social mobilizations, as happened following the assault on an 18-year-old woman at the San Fermín festival in Pamplona, Spain, by a group of men known as “la manada” (“the wolf pack” in English). Understanding how the aftermath of protests and socioeconomic factors influence the perceptions of fear of crime, safety and justice, measured as judiciary decisions, are the aims of this paper. A randomized sample collected in two periods was obtained (N=605), the first one (n1=454) performed after the judicial sentence of the case, the second (n2=151) four months later, after the social alarm had decreased. The perception of safety increased after the peak moments of the demonstrations. The trust in justice was low and fell after protesters had risen to the streets although its perception was greater among higher income earners. Hence, the perception of safety rises during social mobilizations but only improves for a short period of time whereas the effects on that of justice last for longer.","PeriodicalId":102474,"journal":{"name":"Revista Galega de Economía","volume":"129 14","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136351842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"La gestión de residuos de plásticos en Marruecos: una reflexión sociológica sobre el sector informal en la economía circular","authors":"Iria Vázquez Silva, Javier De Rivera Outomuro","doi":"10.15304/rge.33.2.9285","DOIUrl":"https://doi.org/10.15304/rge.33.2.9285","url":null,"abstract":"Este artículo presenta un estudio de caso sobre el vínculo entre la gestión de residuos de plásticos en Marruecos (principalmente en Casablanca y Rabat) y las divergentes condiciones laborales de los trabajadores (formales e informales) que conforman este sector, en el contexto de transformación del sector hacia la Economía Circular (EC). Para ello, tomamos en cuenta la perspectiva de múltiples expertos/as en la materia, así como de la administración pública encargada de gestionar el proceso de transición, el sector empresarial privado y los propios recolectores. Este enfoque nos permitió conocer las complejidades y matices de la transición de la gestión de residuos en Marruecos e identificar los principales retos en materia de justicia social asociados al cambio hacia una Economía Circular.","PeriodicalId":102474,"journal":{"name":"Revista Galega de Economía","volume":"119 36","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135137428","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Fernando Lopes, Paulo Leite, Maria Carmo Correia, Pablo Durán-Santomil
{"title":"Market crises and benchmark-adjusted fund alphas in a small market context","authors":"Fernando Lopes, Paulo Leite, Maria Carmo Correia, Pablo Durán-Santomil","doi":"10.15304/rge.32.3.9140","DOIUrl":"https://doi.org/10.15304/rge.32.3.9140","url":null,"abstract":"Most mutual fund performance evaluation studies interpret fund alphas as the incremental performance of managers in relation to passive benchmark indices, which should exhibit statistically insignificant alphas. However, if these indices present significant non-zero alphas, standard (non-adjusted) fund alphas are biased. This paper investigates the impact of using benchmark-adjusted alphas to assess the performance of Portuguese-based mutual funds, investing in domestic and European equities. For the period 2000-2020, our results show that fund benchmarks exhibit significantly negative alphas, which lead to an underestimation of mutual fund performance when employing standard models. As a result, benchmark-adjusted alphas are significantly higher than unadjusted alphas for both fund categories, though the differences are larger for domestic than for European funds. We have also found that the impact of the benchmark-adjustment procedure depends on the state of markets. The domestic (European) benchmark exhibits considerably lower (higher) alphas during crisis than during non-crisis periods. During market crises, the differences between pre- and post-adjustment alphas are statistically significant only for domestic funds, whereas during non-crisis periods, both fund categories exhibit significant performance improvements. Our findings suggest that the benchmark-adjustment procedure has a higher impact when benchmark indices exhibit higher concentration.","PeriodicalId":102474,"journal":{"name":"Revista Galega de Economía","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135094590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}