EconomicsPub Date : 2024-01-01DOI: 10.1515/econ-2022-0061
M. Sertić, V. Vučković, Ana Andabaka
{"title":"Examining the Effects of Trade Liberalisation Using a Gravity Model Approach","authors":"M. Sertić, V. Vučković, Ana Andabaka","doi":"10.1515/econ-2022-0061","DOIUrl":"https://doi.org/10.1515/econ-2022-0061","url":null,"abstract":"\u0000 The main objective of this article is to study the impact of trade liberalisation in Croatia as one of the first structural reforms being implemented, covering the period from 2000 to 2021. The panel data model was specified using a two-step system generalised method of moment estimator. The obtained results show that trade liberalisation measured through the specific indices encompassing a broader set of both tariff and non-tariff barriers, size of the trade sector, freedom of foreign exchange market, and capital controls positively impacted export performance. The results also showed a negative and statistically significant effect of remoteness on trade, confirming that geographical distance is an essential indicator of transportation costs. The coefficient for Schengen accession was positive and statistically significant, indicating that the Schengen agreement has boosted exports and that we can expect the same for Croatia, especially in the context of simultaneous accession to the Eurozone and the Schengen area on 1 January 2023.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"27 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140518699","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}
EconomicsPub Date : 2024-01-01DOI: 10.1515/econ-2022-0059
Orlando Gomes
{"title":"Economic Growth in the Age of Ubiquitous Threats: How Global Risks are Reshaping Growth Theory","authors":"Orlando Gomes","doi":"10.1515/econ-2022-0059","DOIUrl":"https://doi.org/10.1515/econ-2022-0059","url":null,"abstract":"Abstract One of the most outstanding accomplishments of the economic science over the last decades is the development of a sound and coherent theory of economic growth. Research in growth theory has demonstrated that significant and systematic increases in well-being are attainable whenever the right formula is implemented. When combined with efficiency, the ingredients of this formula – innovation, the diffusion of ideas, and human capital accumulation – can drive the economy toward a virtuous path of sustained growth. Notwithstanding, this is an overly optimistic view of growth that does not account for the many obstacles that the creation of wealth may encounter. The current essay surveys cutting-edge research on growth theory to conclude in favor of a paradigm shift: the main concern is no longer just with how to correctly combine production inputs, but with how their efficient use is eventually hampered by a large collection of worldwide risks and threats. Global risks come in many shapes (they can be classified as economic, environmental, geopolitical, societal, and technological) but, in any case, they call for a reexamination of growth theory.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"30 22","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139539919","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}
EconomicsPub Date : 2024-01-01DOI: 10.1515/econ-2022-0062
Antony Andrews, G. Emvalomatis
{"title":"Efficiency Measurement in Healthcare: The Foundations, Variables, and Models – A Narrative Literature Review","authors":"Antony Andrews, G. Emvalomatis","doi":"10.1515/econ-2022-0062","DOIUrl":"https://doi.org/10.1515/econ-2022-0062","url":null,"abstract":"\u0000 Efficiency and productivity analysis have been critical in healthcare and economics literature. Despite the tremendous innovation in methodology and data availability, a comprehensive literature review on this topic has not been conducted recently. This article provides a three-part literature review of healthcare efficiency and productivity studies. It begins by reviewing the two primary empirical methods used in healthcare efficiency studies, emphasising the treatment of inefficiency persistence. Second, previous contributions to healthcare productivity research are discussed with a focus on methodology and findings. In the third section, various measures of outputs, inputs, and prices in health literature are explored to determine the extent of consensus in the literature. On the methodological front, the literature review shows that while the Data Envelopment Analysis and the Stochastic Frontier Analysis have been used extensively in healthcare productivity and efficiency studies, their application in the context of longitudinal data is limited. Further, no study currently undertakes to measure the TFP changes and its components that use both primal and dual approaches. There is also a considerable variation in the use of inputs, outputs, and price variables, suggesting that the use of variables in healthcare productivity and efficiency literature rests on the balance between data availability and the research scope.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"58 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139537157","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}
EconomicsPub Date : 2024-01-01DOI: 10.1515/econ-2022-0053
Sibel Ozafsarlioglu
{"title":"Ethnic Entrepreneurship: A Qualitative Study on Entrepreneurial Tendency of Meskhetian Turks Living in the USA in the Context of the Interactive Model","authors":"Sibel Ozafsarlioglu","doi":"10.1515/econ-2022-0053","DOIUrl":"https://doi.org/10.1515/econ-2022-0053","url":null,"abstract":"Abstract Ethnic entrepreneurship is the phenomenon that individuals from certain ethnic backgrounds participate in entrepreneurial activities. Individuals from those ethnic backgrounds are affected by various factors such as entrepreneurial tendencies, cultural values, social networks, and economic opportunities. Although such factors have the potential to explain ethnic entrepreneurship, it is important to continually update research and definitions in this field as ethnic entrepreneurship is an ever-growing topic. The purpose of this article is to be a part of the studies on ethnic entrepreneurship and to contribute to the field by identifying the conditions that influence the entrepreneurial process of Meskhetian Turks, who immigrated to the USA under special laws and became successful in establishing their own businesses. In order to achieve this purpose, in-depth interviews were conducted with entrepreneurs, and the findings are discussed in the context of the interactional model. According to the findings, social, capital, and ethnic networks play a significant role in business establishment and development, knowledge acquisition for business, and labor supply. In addition, due to the differences in the migration experiences of entrepreneurs, it is seen that both ethnic and non-ethnic networks affect entrepreneurship in the dimension of resource mobility. This study confirms the need to evaluate the benefits of ethnic entrepreneurship as a dynamic field.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"55 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139454757","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}
EconomicsPub Date : 2024-01-01DOI: 10.1515/econ-2022-0050
Guangshun Qiao, Yulin Lu
{"title":"Operating Efficiency in the Capital-Intensive Semiconductor Industry: A Nonparametric Frontier Approach","authors":"Guangshun Qiao, Yulin Lu","doi":"10.1515/econ-2022-0050","DOIUrl":"https://doi.org/10.1515/econ-2022-0050","url":null,"abstract":"\u0000 This article uses a nonparametric production frontier approach to investigate the operating efficiency differences by the impacts of capital expenditure and business model in the global semiconductor industry. Handling the impact of capital expenditure as a fixed input by the directional distance estimator, this study compares the operating efficiencies in the global semiconductor industry between the integrated device manufacturers and the fabless and foundry firms over 1999–2018. The estimation results indicate that the operating efficiencies do vary in the semiconductor by the business model. The vertically integrated manufacturers dominate the semiconductor industry, and the capital-intensive manufacturers operate more efficiently than the asset-light fabless firms on average.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"1 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140525224","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}
EconomicsPub Date : 2024-01-01DOI: 10.1515/econ-2022-0058
Jevuks Matheus de Araújo, Eduarda Machoski, Ana Karolina Acris Melo
{"title":"Political Turnover and Public Health Provision in Brazilian Municipalities","authors":"Jevuks Matheus de Araújo, Eduarda Machoski, Ana Karolina Acris Melo","doi":"10.1515/econ-2022-0058","DOIUrl":"https://doi.org/10.1515/econ-2022-0058","url":null,"abstract":"\u0000 The objective of this work is to estimate the effects of political turnover on municipal health indicators. For this purpose, we used a regression discontinuity design applied to a pool of data on close municipal elections that occurred in 2008 and 2012. The outcome variables tested were municipal health indicators observed 1 and 3 years after the elections. We assume that the change of parties in the leadership of the municipal executive power alters the managers and public health policies and, therefore, affects the indicators of this sector. Our results indicate that health indicators linked to administrative issues appeared to benefit from political turnover in the period immediately after the elections (1 year). These results were corroborated by our additional estimates (robustness). We highlight that the number of health workers and coverage of primary care remained better 3 years after the elections in municipalities that suffered political turnover, indicating that this improvement resulting from the change in management may not be transient. Finally, through averaging tests, we found that in municipalities where the incumbent lost the election and there was a turnover, health managers were more qualified, and there was greater creation of basic health units.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"25 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140520582","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}
EconomicsPub Date : 2024-01-01DOI: 10.1515/econ-2022-0060
Sima Nart, Ahmet Bilgili, Emine Demet Orgut
{"title":"The Effect of Green Human Resources Management Practices on Corporate Sustainability from the Perspective of Employees","authors":"Sima Nart, Ahmet Bilgili, Emine Demet Orgut","doi":"10.1515/econ-2022-0060","DOIUrl":"https://doi.org/10.1515/econ-2022-0060","url":null,"abstract":"\u0000 This study examines the impact of Green Human Resources Management (GHRM) in the textile and fashion industry on corporate sustainability (CS). In addition, the indirect effects of organizations’ environmental performance (EP) and employee commitment to CS are also examined. The research was carried out with the participation of the employees (n = 129) of Turkish organizations operating in the fashion and textile sector that adopt a sustainable business management approach. Structural equation modeling via smart PLS was used for data analysis. The findings showed that GHRM positively affects CS, and EP mediates this relationship. However, employee commitment did not have a mediating effect in this relationship. These results provide CS experts and managers with evidence-based insights into designing GHRM practices and sustainability strategies.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"60 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140523765","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}