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Economies
Special Issues
Selected Papers from 2018 IAC-MEM Conferences
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Selected Papers from 2018 IAC-MEM Conferences

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

Deadline for manuscript submissions: closed (31 December 2018) | Viewed by 15202

Special Issue Editor

Dr. Radek Kratochvil

E-Mail Website
Guest Editor
Czech Institute of Academic Education, Department of Economics and Management, Prague, Czech Republic
Interests: artificial intelligence in economics; business economics; Management of Transport and Telecommunications
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

The Czech Institute of Academic Education in cooperation with Czech Technical Univerzity in Prague holds international academic conferences in Europe (Austria, Hungary, Czech Republic, etc.). International conferences are organized for more than 5 years. Each year several hundred academics attend the conferences. The topics of our conferences are economics, management, business and marketing. Academic conferences are designed for scientists, educators, and PhD students.

Selected articles from our conferences in 2018 will be published in this Special Issue of journal "Economies". Papers dealing with sustainable growth, development economics, political economics, natural resources, poverty and inequality, or in a wider economic aspect are welcome. All papers will go through strict double-blind peer-review.

The Czech Institute of Academic Education is a non-profit organization established in 2012 that provides educational services and expert advice. The organization has been organizing international academic conferences since 2012. Its main aim is the dissemination of science.

Dr. Radek Kratochvil
Guest Editor

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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.

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Published Papers (2 papers)

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Research

23 pages, 295 KiB  
Article
Trade, Institutional Quality and Income: Empirical Evidence for Sub-Saharan Africa
by Huy Quang Doan
Economies 2019, 7(2), 48; https://doi.org/10.3390/economies7020048 - 20 May 2019
Cited by 24 | Viewed by 7842
Abstract
This paper looks at how trade liberalization and institutional quality influence real income. Previous evidence has provided mixed results, and we find that indicators representing trade liberalization have been very weak. By using strongly balanced panel data of 45 Sub-Saharan African countries covering [...] Read more.
This paper looks at how trade liberalization and institutional quality influence real income. Previous evidence has provided mixed results, and we find that indicators representing trade liberalization have been very weak. By using strongly balanced panel data of 45 Sub-Saharan African countries covering the last 34 years (1980–2013), along with numerous advanced econometric instruments (random effect, fixed effect, system-generalized method of moments, pooled mean group) and composite trade indicators (KOF indicators), this paper determines the impact of trade liberalization, social factors and political globalization on real income per capita in both static and dynamic settings. The paper also considers short-term and long-term effects. The study confirms that free trade has a significant positive impact on the growth of real income per capita in static and dynamic settings. However, it also finds that countries must pay in the short-term to gain more significantly in the long-term. Further, we point out that social factors, especially information flows, can have significant but varying influences on real income under different scenarios and that political globalization both challenges and gives opportunities for improving living standards. We also find that institutional quality is a key factor for economic development in any situation. Full article
(This article belongs to the Special Issue Selected Papers from 2018 IAC-MEM Conferences)
24 pages, 459 KiB  
Article
The Indirect Effect of Democracy on Economic Growth in the MENA Region (1990–2015)
by Shereen Nosier and Aya El-Karamani
Economies 2018, 6(4), 61; https://doi.org/10.3390/economies6040061 - 19 Nov 2018
Cited by 16 | Viewed by 6870
Abstract
This paper examines the indirect effect of democracy on economic growth using a dataset of 17 MENA countries from 1990 to 2015. Democracy is assumed to affect growth through a series of channels: education, health, physical capital accumulation per labor, government consumption, and [...] Read more.
This paper examines the indirect effect of democracy on economic growth using a dataset of 17 MENA countries from 1990 to 2015. Democracy is assumed to affect growth through a series of channels: education, health, physical capital accumulation per labor, government consumption, and trade openness. A system of six simultaneous equations using 3SLS, is used to estimate the effect of democracy on growth through these channels. For further analysis, the countries are classified into groups according to the democratic status on the one side, and the level of income on the other. The results indicate that democracy enhances growth through its positive effect on health in all classifications of countries within the MENA region. However, the effect of democracy on growth through education and physical capital/labor is non-monotonic. Democracy hinders growth through government size and trade openness. Once all of these indirect effects are accounted for, the overall effect of democracy on growth is negative in less democratic countries and poor countries, but positive in more democratic countries and rich countries. Full article
(This article belongs to the Special Issue Selected Papers from 2018 IAC-MEM Conferences)
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