Special Issue "Nexus between Politics and Economics in the Emerging Countries"

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

Deadline for manuscript submissions: 30 December 2021.

Special Issue Editors

Assoc. Prof. Dr. Sema Yılmaz Genç
E-Mail Website
Guest Editor
Ali Rıza Veziroğlu Vocational School, Marketing and Advertising, Kocaeli University, Kocaeli, Turkey
Interests: economic theory; economic history; behavioral economics; history of economic thought; economic methodology
Special Issues and Collections in MDPI journals
Dr. Dervis Kirikkaleli
E-Mail Website
Guest Editor
Department of Banking and Finance, Faculty of Economic and Administrative Science, European University of Lefke, Lefke Northern Cyprus, TR-10 Mersin, Turkey
Interests: environmental economics and macroeconomics
Special Issues and Collections in MDPI journals

Special Issue Information

Dear Colleagues,

It is widely accepted that political stability is a primary requirement for the development and nurturing of entrepreneurs and for forecasting a nation’s long-term economic performance. On the other hand, economic development and financial performance may change the power balance in the government and lead to structural changes. The emerging countries have transformed themselves since the 1980s by liberalizing their markets, accelerating reforms, opening their economies to global trade, and adopting modern banking systems. Despite this transformation in the emerging countries, the nexus between political stability and economic development and the nexus between political stability and financial development have not been investigated, comprehensively. Therefore, this Special Issue aims to invite contributors to submit research that explicitly looks at these nexuses in the emerging countries. This Special Issue welcomes both qualitative and quantitative studies, as well as empirical and theoretical contributions.

Prof. Dr. Rui Alexandre Castanho
Assoc. Prof. Dr. Dervis Kirikkaleli
Assoc. Prof. Dr. Sema Yılmaz Genç
Guest Editors

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 papers will be 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 quarterly 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 1400 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

  • political economy
  • economic development
  • financial development
  • political stability
  • emerging countries

Published Papers (3 papers)

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Research

Article
Study on the Impact of Institutions on the Labor Productivity of Private Enterprises in Vietnam through the Spillover Effect from State-Owned Enterprises
Economies 2021, 9(3), 122; https://0-doi-org.brum.beds.ac.uk/10.3390/economies9030122 - 28 Aug 2021
Viewed by 479
Abstract
The paper analyzes the impact of institutions on the labor productivity of small and medium-sized private enterprises through the spillover effect from state-owned enterprises (SOEs). The authors used data samples from three datasets: (i) The Annual Enterprise Survey conducted by the General Statistics [...] Read more.
The paper analyzes the impact of institutions on the labor productivity of small and medium-sized private enterprises through the spillover effect from state-owned enterprises (SOEs). The authors used data samples from three datasets: (i) The Annual Enterprise Survey conducted by the General Statistics Office of Vietnam (GSO) from 2010 to 2018; (ii) Institutional data (PCI) published by the Vietnam Chamber of Commerce and Industry (VCCI) from 2010 to 2018; (iii) GSO 2012 I-O balance sheet and a set of tabular data containing 666,221 observations at the enterprise and provincial levels in Vietnam from 2010 to 2018, including both listed and unlisted enterprises. The model’s experimental result shows that institutional improvement boosts labor productivity of domestic private enterprises through a horizontal and forward spillover channel from SOEs. Through the backward spillover channel from SOEs, how institutional improvement affects the labor productivity depends on the degree of backward spillover channel from SOEs. Full article
(This article belongs to the Special Issue Nexus between Politics and Economics in the Emerging Countries)
Article
Impact of Changes to Procedures on the Evaluation of the Effectiveness of Forms of Professional Activation in Poland
Economies 2021, 9(2), 88; https://0-doi-org.brum.beds.ac.uk/10.3390/economies9020088 - 03 Jun 2021
Viewed by 795
Abstract
Active labour market policy is connected with the necessity to account for the funds allocated for it. The conducted analysis forms a part of research on the evaluation of the effects of changes introduced by legal regulations. The aim of this research is [...] Read more.
Active labour market policy is connected with the necessity to account for the funds allocated for it. The conducted analysis forms a part of research on the evaluation of the effects of changes introduced by legal regulations. The aim of this research is to assess the impact of changes to the methodology of calculating on values of the cost and employment effectiveness of basic forms of economic activation in Poland. They were introduced in 2015 in connection with ongoing discussion regarding the effectiveness of the evaluation methods used. The Ministry of Economic Development, Labour and Technology is currently responsible for activating the unemployed in Poland, and funds come from the Labour Fund. The analysis used is the regression discontinuity design. This analysis showed that significant changes occurred only in the slope of the regression line for cost effectiveness after 2015 for both procedures of its calculation. This shows that the new, introduced methods of calculating effectiveness were cosmetic in nature and did not significantly affect their values. A good recommendation for improving the method of evaluating forms of economic activation of the unemployed could be to extend the time of required employment. Full article
(This article belongs to the Special Issue Nexus between Politics and Economics in the Emerging Countries)
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Article
From a Recession to the COVID-19 Pandemic: Inflation–Unemployment Comparison between the UK and India
Economies 2021, 9(2), 73; https://0-doi-org.brum.beds.ac.uk/10.3390/economies9020073 - 07 May 2021
Cited by 1 | Viewed by 1883
Abstract
The recession in India and the UK peaked in 2017 due to the implications of new policy initiatives. The outbreak of the COVID-19 pandemic at the beginning of 2020 intensified the crisis, causing a drastic decline in aggregate demand and output. India and [...] Read more.
The recession in India and the UK peaked in 2017 due to the implications of new policy initiatives. The outbreak of the COVID-19 pandemic at the beginning of 2020 intensified the crisis, causing a drastic decline in aggregate demand and output. India and the UK have resorted to monetary and fiscal stimulus packages to face the economic crisis. This study investigated the inflation–unemployment dynamics during the recession and COVID-19 times in India and the UK. Using a generalized additive model (GAM), the results of this study revealed that the recession had given way to stagflation in India. In contrast, in the UK, it has led to a more severe recession in the short-run. During the downturn, policy initiatives aggravate the recession and eventually turn to stagflation in India due to inflation caused by the weak supply side. However, in the UK, the policy initiatives during this downturn pushed the economy into a deeper recession due to reduced demand. The outbreak of the COVID-19 pandemic has had a similar recessionary impact on both economies. A time horizon based recovery plan is suggested to help the economies recover from stagflation and even deeper recession. This framework could enable policymakers to choose the right path of recovery within the shortest possible time. Full article
(This article belongs to the Special Issue Nexus between Politics and Economics in the Emerging Countries)
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