The Revista Galega de Economía is published twice a year. It was founded in 1992 and it is promoted by the Faculty of Economics and Business Administration of the University of Santiago de Compostela. Its aim is to promote academic research by publishing original articles that meet the highest analytical standards and provide new ideas that contribute to and disseminate economic and business knowledge.  RGE is an international peer-reviewed open access journal.  The articles published are related to specialities in the fields of economics and business (marketing and market research, applied economics, financial economics and accounting, economics, sociology and agricultural policy, fundamentals of economic analysis , economic history and institutions, business organization and quantitative economics); it is also open to other fields as long as it contributes significantly to addressing problems of economics and business management. The target audience is made up of academics, researchers, professionals, business executives and public decision-makers.

The Revista Galega de Economía is indexed in SCOPUS, Dialnet, InDICEs-CSIC, IDEAS-RePEc, REDALYCREDIB, DOAJ, ERIH PLUS and EconIS, among others. It is also is included in different tools for the analysis of scientific journals such as MIAR, DICE, Latindex or CIRC.

The digital portal of Revista Galega de Economía is published in Galician, Spanish, and English. The articles published are in Galician, Portuguese, Spanish, and English. 

COVID-19 and its economic effects: Supply chain disruptions and behavioural changes


Dear colleagues,

A new paradigm has arrived. COVID-19 has affected the way we work, socialize and spend our leisure time, reshaping some of the most fundamental activities in our day-to-day routines. All these changes in our lifestyle have a clear economic translation.

And this is a global issue. Since the outbreak last December, the virus has spread to more than 200 countries. All the efforts worldwide have been directed towards fighting the virus, finding a vaccine and trying to minimize the negative economic consequences.

There are two types of economic effects: the ones derived from the policy measures taken to contain the transmission, and the ones from the individual change in behaviour. While we are all witnessing the impact from a while ago, it was not until recently that we had data to quantify it. The figure of unemployment claimants, the reduction of tourism demand or the information on business closures, are clear examples of this. And the numbers are striking.

Without a vaccine, all of this is forcing us into a “new normal” situation indefinitely.

In this Special Issue of the Revista Galega de Economía, we would like to invite contributions dedicated to an analysis of the socioeconomic effects of the COVID-19.

Insights on a broad spectrum of themes are welcomed, including, but not restricted to:

  • The spatial distribution of the economic impacts
  • Analysis of specific sectors affected (Health services, Tourism activities, etc.)
  • Consumer behaviour
  • Labour market effects
  • Recovery paths and post-lockdown scenarios
  • Trade and supply chain disruptions

Original research is welcome for publication in this issue. All submissions will undergo anonymous review to guarantee high scientific quality and relevance to the subject. This Special Issue will be open for new submissions until the 15th of December 2020.

Dr. André Carrascal Incera, University of Birmingham (UK),

Dr. Esteban Fernández Vázquez, University of Oviedo (Spain),

Dr. Mònica Serrano, University of Barcelona (Spain),

Special Issue 1_ 2020

Socioeconomic impact of cultural itineraries: "The Way of Saint James and Other Pilgrimage Routes”


Dear colleagues,

Cultural itineraries and, particularly, pilgrimage routes have been only recently analysed as a tourism phenomenon. They were not usually designed as a tourism resource initially but they have been increasingly promoted in terms of tourism.

Cultural itineraries involve not just a physical journey through a territory but also a mental journey. Since they involve environmental, cultural and spiritual experiences, they are complex phenomena whose impact on society needs to be considered from a multidisciplinary perspective.

We would like to invite contributions to a Special Issue of the Revista Galega de Economía dedicated to an analysis of the socioeconomic impact of cultural itineraries. Potential topics include, but are not limited to:

  • Analysis of the economic impact on particular localities along the route: patterns of local and endogenous development, economic accounting systems and procedures, the economy of the main cities, new economic and commercial specialization models.
  • Demographic and other social changes promoted by cultural itineraries.
  • Marketing strategies for promoting cultural itineraries.
  • Environmental impacts.
  • The role of print media, digital media and virtual flows of information, ideas and images in disseminating information about the route.
  • The role of local business, community and government organisations in promoting the route.
  • The impact of COVID-19 on cultural itineraries.

Original research is welcome for publication in this issue. All submissions will undergo anonymous review to guarantee high scientific quality and relevance to the subject. The Special Issue will be open for submission from 1 June 2020 to 28 February 2021.

Dr. Ruben Camilo Lois González, Universidade de Santiago de Compostela (Spain),

Dr. John Eade, University of Roehampton (UK),

Dr. Adolfo Carballo Penela, Universidade de Santiago de Compostela (Spain)

Special Issue

More Announcements...

Turnaround and corporate decline: Review and recommendations for future research

  • Eduardo Curto Rodríguez
  • Romina García Chas
Published 02-02-2021

This work conducts a review of research in the field of refloating and business decline from the mid-1970s to the present day. Based on the work of Pierce and Robbins (1993) and Trahms, Ndofor and Sirmon (2013), the main findings made by the previous research are presented along with the fundamental shortcomings in this field. In addition, progress following the review of Trahms et al. (2013) is also shown along with a future perspective for research in this area.

Effect of public spending on agricultural productivity in Nigeria (1981-2018)

  • Temidayo Apata
Published 12-03-2021

This study examines the effect of public spending on agricultural productivity in major agro-ecological regions in Nigeria (1981-2018). Using public finance data from agricultural and the non-agricultural sectors at a national level, agricultural productivity returns were analysed. Public spending on drivers of agricultural growth such as education, farm feeder roads and health care facilities and their effect on agricultural productivity were also examined. Data were analysed using descriptive statistics and three-stage simultaneous equations. Descriptive statistics analysis results indicated that agricultural public spending as a part of total public spending averaged 4.88% between 1981 and 2018 across zones in Nigeria. Less than 25% of this allocation was spent on agricultural developmental/capital project. Elasticity results computed from the 3-stage simultaneous equation showed that the access to moderate farm feeder roads variable was 0.045, the access to education variable was 0.071 and the access to health care facilities (within 15-30 minutes’ walk to health facility) variable was 0.013. These variables were all significant at 1%. Such outcomes suggest that a 1% increase in the funding of education, farm feeder roads and health care facilities will enhance agricultural productivity per capita by 0.043. Hence, the results revealed an estimated benefit-cost-ratio of 4.3:1. Consequently, public expenditure on education, farm feeder roads and health care facilities of 4.3% would enhance agricultural productivity by 1%. However, the assessed marginal consequences and returns vary for four agro-ecological regions. Hence, harmonizing along with quality public spending on access to health care facilities, education and farm feeder roads would enhance agricultural productivity

Impact of Structural Funds for Innovation on the business innovation: analysis through the indicators of the companies participating in the ERDF-Innterconecta programme in Galicia

  • Diego Sande Veiga
  • Xavier Vence Deza
Published 26-01-2021

We carried out an evaluation of the impact of the ERDF-Innterconecta programme (developed within the framework of the Technology Fund 2007-2013) on the main indicators of business innovation in Galicia. Among the different lines of action designed, we focused our analysis on the first two rounds of the Galician ERDF-Interconnecta programme belonging to this “Operational Programme for the benefit of business R&D&i”, the implementation period of which covers up to 2015. The proposed analysis tries to identify the repercussion of the participation in this programme based on the main available microeconomic indicators (projects, perceived funds, evolution of Research & Development expenditure, innovation, patents, collaboration networks, invoicing, etc.). This impact is broken down using companies´ productive sectors. The results show an unequal impact depending on the business characteristics and show a significant amount of resources managed by companies located in other territories. These results will also make it possible to formulate recommendations for the future implementation of Research, Development & Innovation policies

Spanish Business Schools paradox and the accreditation system expiry: when the success becomes a risk

  • Antonio Sánchez-Bayón
  • Estrella Trincado Aznar
Published 26-01-2021

This paper is an analytical-empirical review of the evolution of Spanish Business Schools and how they have been affected by the accreditation system. This system has made it possible for the Spanish Business Schools to rank among the best (10 of them are in the World top-25 and 4 have been accredited with the triple crown, which is the highest distinction). However, it has also led to the denaturalization of the Business Schools (B-Schools), which have been “devoured” by the Schools of Economics and Business at universities. In addition, the accreditation system has entailed an increase in costs (opportunity, marginal, sunk costs and so on). An explanation of the Spanish B-Schools paradox is offered in the article: the more accreditations achieved,
the more difficult it is to maintain them, due to contradictions in the compliance regulation and to the difficulty in updating academic programmes since their success and assimilation into the welfare state economy is a risk for B-Schools and their adaptation to digital economy. Finally, the paper gives some keys to correct the problem detected and thus to adapt B-Schools to the emerging wellbeing economics, a new stage of the digital economy.

An intra-regional convergence analysis Ourense vs Galicia, 2000-2018: A local public intervention

  • Manuel Octavio del Campo Villares
  • Eladio Jardón Ferreiro
  • Francisco Jesús Ferreiro Seoane
Published 28-04-2021

This work addresses the issue of intra-regional imbalances “province vs region” and, in particular, the socioeconomic evolution of the province of Ourense within the community of Galicia. analysing the socioeconomic convergence between the two territories. With this objective in mind a representative convergence statistic of the average variation of each provincial variation used has been constructed. A simple and two-dimensional correlation analysis has been carried out to find out the evolution of available income per inhabitant and a panel data model has been used to identify the explanatory variables of income availability. The results reveal that, in the period 2000-2018 the gap in terms of disposable income and production per inhabitant grew, to the detriment of the province of Ourense due to its limited capacity for attracting visitors. This sums up into a need for an integral plan that visualizes the provincial competitive advantages, taking into account that public spending policies are the most effective in this regard.

Firm Growth: A review of the empirical literature

  • Rolando Vaz
Published 16-03-2021

The objective of this research is to review and unify the empirical literature that identifies the determining factors for firm growth. A list of 165 articles forms the backbone of the present review of the empirical literature on firm growth. Based on this review, we provide a synthesis of numerous determinant factors associated with firm growth. Specifically, we enumerate and detail the determining factors in three blocks: entrepreneur’s idiosyncratic features, firm’s internal factors, and factors external to the firm. The work provides a better understanding of the complex process of growth, shows the shortcomings in empirical research on the growth of the firm and presents directions for future research. 

Implementing and controlling limits on minor contractual agreements at universities within the Galician University System (SUG)

  • José María Martín-Moreno
  • Rodrigo Cerviño Rodríguez
Published 02-02-2021

The implementation of Contract Law 9/2017 of 8th November on Public Sector Contracts (LCSP), effective from 9th March 2018, imposed a great change for Spanish universities and, thus, for the three SUG public universities. Subsequently, the General State Budget Law for 2018 allowed a certain flexibility, easing this limit control for public administrations carrying out research activities. This article aims to show the different decisions taken by the three SUG public universities, analyze their impact on minor contracts, and compare them to those of the rest of the CRUE universities.

Analysis of financial and non-financial information integration models in IBEX 35 listed groups

  • Eva Mª Ibáñez
Published 15-04-2021

Since 2018, the obligation to prepare the non-financial information statement (NFI) has been revolutionizing the way in which large Spanish companies structure all their corporate information. Our research aims to identify the new financial and non-financial information integration models in the praxis of the groups listed on the IBEX 35. The reports referring to 2018 have been analyzed: accounting or financial in the strict sense, i.e. audited consolidated annual accounts and management reports –including the NFI statement–, and non-financial, i.e. integrated and/or sustainability reports. The results obtained evidence a high level of reporting dispersion. Three basic reporting models and up to seven alternative subcategories have been identified. Other results show the rise of the integrated report to the detriment of the sustainability report, the conversion of these voluntary or non-financial reports into legal or partially legal reports, and the constraints regarding the scope of the NFI statement´s verifiability.

Vol 29 No 3 (2020)

Published: 2020-12-09

Table of contents

Analysis of perceived value of a new packaging in sugar market and its influence on willingness to pay

  • Domingo Calvo Dopico
  • Ángel María del Castillo Puente
  • Jonathan Neptali Herrera Peña
Published: 09-09-2020
Pages 1-17

The risk-based approach in organization quality management systems

  • Oksana Zhemchugova
  • Violetta Levshina
Published: 09-09-2020
Pages 1-13

Own identity and cultural and creative industries. The case of European regions

  • José Manuel Amoedo Meijide
  • Manuel González López
Published: 26-10-2020
Pages 1-19

Blue governance: Sustainable port governance

  • Beatriz López-Bermúdez
  • Maria Jesús Freire-Seoane
  • Carlos Pateiro-Rodríguez
Published: 03-11-2020
Pages 1-17

Financial capability and financial behaviour of the millennial generation in Spain

  • Marcos Álvarez Espiño
  • Sara Fernández-López
  • Lucía Rey-Ares
  • Sandra Castro-González
Published: 04-12-2020
Pages 1-20

Mobile commerce purchase behaviour: The importance of personality traits

  • Zaira Camoiras-Rodríguez
  • Concepción Varela-Neira
Published: 09-12-2020
Pages 1-22
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