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Economies
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Beyond the Economic Horizon: Delving into the Deep Roots of...
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Beyond the Economic Horizon: Delving into the Deep Roots of Economic Development

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 31 December 2024 | Viewed by 2101

Special Issue Editor

Dr. Pantelis Kostis

E-Mail Website
Guest Editor
Department of Economics, National and Kapodistrian University of Athens, 157 72 Athens, Greece
Interests: economics analysis; economic development; economic growth; applied economics; economic policy analysis; European Union; European integration; cultural economics
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Economic development emerges as a rich, complex tapestry, woven from more than mere policy initiatives or market strategies. Its roots are deeply embedded within diverse societies' cultural, geographical, and institutional fibers. This Special Issue is dedicated to peeling back the layers to reveal the deeper underpinnings of economic development, casting a wide net to encompass a myriad of determinants including, but not limited to, cultural background, institutions, geographical nuances, inherent uncertainties, economic complexity, shifting expectations, along with the vibrant arenas of innovation and entrepreneurship. Through a meticulous and holistic exploration, the aim is to spotlight the complex, intertwined network of elements that catalyze sustained economic progress. With this Special Issue we seek to highlight the dynamic interplay of these factors and foster a deeper understanding and appreciation of their collective impact on global economic trajectories. By promoting a dialogue that integrates diverse perspectives and insights, this Special Issue aspires to forge a new pathway in economic discourse, presenting a rich, comprehensive canvas that illustrates the multifaceted nature of economic development in the contemporary world. The objectives are as follows: to explore the role of cultural background in shaping economic development trajectories; to analyze the influence of institutions and governance structures on economic progress; to investigate the impacts of geographical factors on economic development; to examine the role of uncertainty and expectations in economic decision making; to scrutinize the implications of economic complexity for development outcomes; to identify the key drivers of innovation and entrepreneurship in fostering economic growth.

Dr. Pantelis Kostis
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • economic development
  • cultural background
  • institutional frameworks
  • geographic factors
  • uncertainty and expectations
  • economic complexity
  • innovation and entrepreneurship
  • holistic approach
  • societal tapestry
  • policy initiatives
  • market dynamics
  • global trajectories
  • economic evolution
  • development catalysts
  • diverse perspectives

Published Papers (2 papers)

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Research

21 pages, 340 KiB  
Article
Enhancing Internal Control Mechanisms in Local Government Organizations: A Crucial Step towards Mitigating Corruption and Ensuring Economic Development
by Paraskevi Boufounou, Nikolaos Eriotis, Theodoros Kounadeas, Panagiotis Argyropoulos and John Poulopoulos
Economies 2024, 12(4), 78; https://0-doi-org.brum.beds.ac.uk/10.3390/economies12040078 - 28 Mar 2024
Viewed by 724
Abstract
Corruption poses a significant challenge to economic development and governance worldwide, with its detrimental effects permeating various levels of society. In the context of Greece, where corruption has been a longstanding issue, the role of internal audit mechanisms within local government organizations (LGOs) [...] Read more.
Corruption poses a significant challenge to economic development and governance worldwide, with its detrimental effects permeating various levels of society. In the context of Greece, where corruption has been a longstanding issue, the role of internal audit mechanisms within local government organizations (LGOs) emerges as paramount. This paper presents a comprehensive analysis of the internal control landscape within LGO revenue departments, focusing on factors influencing its effectiveness and proposing strategies for improvement. Drawing upon survey data and regression analyses, this study highlights the crucial role of robust internal control mechanisms in combating corruption and fostering economic development. The findings underscore the importance of competent personnel, legislative compliance, interdepartmental collaboration, and technology utilization in enhancing internal control practices. Despite existing legislation, gaps in internal control implementation persist, including understaffing, inadequate procedures, and limited access to information. This study emphasizes the transformative potential of effective internal audit measures in mitigating corruption at the local level, thereby contributing to broader economic growth and societal well-being. Recommendations for strengthening the internal control structures within LGOs include the formal establishment of internal audit functions, adherence to professional standards, and the promotion of information system utilization. By addressing the corruption and inefficiencies within LGOs, this research underscores the pivotal role of institutional effectiveness in promoting transparency, accountability, and sustainable economic progress. Full article
(This article belongs to the Special Issue Beyond the Economic Horizon: Delving into the Deep Roots of Economic Development)
24 pages, 1317 KiB  
Article
The Dual Pillars of Progress: Institutional and Cultural Dynamics in Economic Development
by Kyriaki I. Kafka
Economies 2024, 12(4), 76; https://0-doi-org.brum.beds.ac.uk/10.3390/economies12040076 - 27 Mar 2024
Viewed by 744
Abstract
This study examines the critical interplay between institutional and cultural backgrounds and their collective impact on economic development, suggesting that their synchronized evolution—timing, pace, and direction—boosts economic development, while misalignment hinders it. It seeks to determine if these backgrounds complement or substitute each [...] Read more.
This study examines the critical interplay between institutional and cultural backgrounds and their collective impact on economic development, suggesting that their synchronized evolution—timing, pace, and direction—boosts economic development, while misalignment hinders it. It seeks to determine if these backgrounds complement or substitute each other in fostering economic development. The analysis employs an unbalanced panel dataset encompassing 113 countries across four decades (1980–2019) through a fixed-effects model enhanced by robustness checks (adding control variables, using alternative analysis methods, and applying adjustment criteria). The analysis uncovers a synergistic relationship between institutional and cultural backgrounds in which each element reinforces the other’s impact on economic development. Countries with robust institutional and cultural backgrounds exhibit the highest levels of economic development, whereas those with weaker backgrounds experience diminished economic progress. This study further reveals that the influence of institutional background on economic development is more pronounced than that of cultural background. However, this effect is significantly amplified when both institutional and cultural backgrounds are considered. Considering these insights, this study recommends that effective development strategies prioritize simultaneously nurturing institutional and cultural backgrounds. This approach is essential for crafting a successful and comprehensive development roadmap. Full article
(This article belongs to the Special Issue Beyond the Economic Horizon: Delving into the Deep Roots of Economic Development)
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