The Revista Galega de Economía/Galician Journal of Economics (RGE/GJE) 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.  The RGE/GJE 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.

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The digital portal of RGE/GJE is published in Galician, Portuguese, Spanish, and English. The articles published are in Galician, Portuguese, Spanish, and English. 

 

Galician Journal of Economics 2023 Award

2023-12-22

We are pleased to announce the 2023 Most Cited Paper Awards for the Galician Journal of Economics. This Award go to the research papers published in 2021 that received the highest numbers of citations according to Scopus in 2021-2023. This year, the Award goes to: 

Vaz, R. (2021). Firm Growth: A review of the empirical literature. Revista Galega de Economía30(2), 1-20. https://doi.org/10.15304/rge.30.2.7190 

Congratulations to the award-winning paper and thank to all authors for their contributions to the Galician Journal of Economics! 

More Announcements...

Technological innovation clusters and shared value creation

  • Jonathan Cuevas Lizama
  • Marcelo Royo-Vela
Published 13-03-2024

The effects of companies on society and the practices of Corporate Social Responsibility have been studied in numerous research studies. Questioning the traditional model let Porter and Kramer to develop the concept of Creating Shared Value, an approach where companies consider the value of society and the environment in their business models. We take the edge of the clusters to determine how the grouped companies understand and create shared value, identifying its antecedents and consequences. Using the multiple case study technique in a technology cluster focused on driving innovative ideas and new business development, we were able to identify that the cluster becomes a propitious scenario to create shared value, since the participants benefit from resources and skills that allow them to grow in their businesses, promoting competitiveness and innovation and contributing to the economic, social and environmental growth of stakeholders.

Intangible assets and their effects on business performance: an analysis for Colombian companies

  • Alberto Méndez-Morales
  • Camilo Anzola-Morales
  • Liliana Elizabeth Ruiz-Acosta
  • David Andrés Camargo-Mayorga
Published 20-02-2024

Intangible assets (IAs) are fundamental for the creation of firm value. However, the literature is inconclusive regarding the relationship between IAs and profitability. This paper uses financial data from Colombian firms from 2005 to 2015 to determine if this relationship exists. Thirty dynamic panel models have been used to see whether IAs are related to Return on Equity, Return on Assets, Earnings Before Interest and Taxes, Earnings Before Interest, Taxes, Depreciation, and Amortization, Gross margin, and Net margin. The results, despite a limited sample size and missing variables, are related to the literature in that they signal the negative relationship between IAs and profitability. Thus, the capitalized value of IAs seems to negatively affect Colombian firms' performance in the short and long term.

Are there differences in the perception of climate change among farmers? Empirical evidence in the Mediterranean basin.

  • Julia M. Núñez Tabales
  • Francisco José Rey-Carmona
Published 14-03-2024

The agricultural sector in Mediterranean latitudes is one of the most affected by climate change, mainly characterized by the incidence of prolonged droughts that jeopardize crop productivity. The main objective of this study is to analyze the perceptions of climate change among irrigation farmers located in the Mediterranean basin. Through hierarchical cluster analysis, three typologies of farmers were identified, revealing differences in three sets of factors: (1) awareness of adverse climatic events that have caused damages to their crops in recent years, (2) sociodemographic characteristics of the farmers, and (3) attributes of their farms. The results should be taken into consideration to enhance the understanding of farmers' perceptions when formulating government policies and potential adaptations related to climate change and agriculture.

The Impact of the Education Sector in the Norte Chico and Patagonia Macroterritories

  • Sergio Soza-Amigo
  • Lorena Paredes
Published 01-03-2024

This article contrasts whether the sectors with a GDP close to the average contribute more to the economic system through their employment multipliers and/or dispersion effects than those with a higher GDP. To achieve this, an 11-year horizon (2008-2018) and the 11 main centers of Chile's macro territories [Norte Chico (6) and Patagonia (5)] are used as a reference. The input-output matrices are used as source of information from which the variables GDP, employment multiplier and dispersion coefficients are obtained, the latter understood as those that allow quantifying the scope of the repercussions of an economic activity, by means of its direct and/or indirect effects. The results allow us to conclude that economic activities with a GDP close to the average, such as that of the education sector, show diffused effects that support the idea of facilitating development through changes in their production versus others that, with high GDPs, show concentrated effects that therefore limit their contribution in terms of interaction. These results will contribute to the establishment of economic development policies according to the particularities of each territory.

Dematerialization and the economic crisis – are they parallel paths? Assessments based on the EU-15 case study

  • Pablo Alonso Fernández
  • Rosa María Regueiro Ferreira
  • Xoán Ramón Doldán García
Published 14-03-2024

This paper investigates how the consumption of material resources has evolved over the last 20 years in the member states that make up the European Union-15, with the aim of analyzing whether there is dematerialization in these countries and which sectors are leading the way. The material footprint is used as an indicator of material consumption, since it indicates all the resources required by an economy. Using data from the material footprint and GDP, a model has been proposed to allow dematerialization in the EU-15 to be studied. The main results show that dematerialization has only occurred conjuncturally since the 2008 crisis, with the GDP-material-footprint coupling subsequently being restored.

Challenges and prospects for activating a circular economy in the context of sustainable waste management in Algeria

  • Mahfoudh Hassaine
  • Belaid Abrika
Published 21-11-2023

The article deals with the problem of waste management in Algeria. It aims to analyze the various policies undertaken by the government in order to be able to respond to the principles of sustainable development and the circular economy from the perspective of sustainable and integrated waste management. The analyses carried out show that the first waste management strategies in Algeria are more reactive and constitute a response to the crisis of the proliferation of waste. It is only from the year 2016 that the national integrated waste management strategy constitutes a perspective of registration of this sector in a circular approach of profitability and sustainability.

Plastic Waste Management in Morocco: A Sociological Reflection about the Informal Sector in the Circular Economy

  • Iria Vázquez Silva
  • Javier de Rivera Outomuro
Published 10-11-2023

This article presents a case study on the link between the management of plastic waste in Morocco (mainly in Casablanca and Rabat) and the divergent working conditions of workers (formal and informal) that conforme the sector, in the context of transformation of the sector towards the Circular Economy (CE). To such an end, we take into account the perspective of multiple experts in the field, as well as the public administration in charge of managing the transition process, the private business sector and the informal collectors themselves. This approach allowed us to understand the complexities and nuances of the transition of waste management in Morocco and to identify the main challenges in terms of social justice associated with the change towards a Circular Economy.

Vol 32 No 3 (2023)

Published: 2023-12-01

Table of contents

Municipal capital gains tax in Galicia: What can we learn to improve the fiscal capacity of this tax?

  • Alberto Vaquero García
  • Miguel Ángel Santirso Fernández
Published: 26-07-2023
Pages 1-23

Sports celebrity endorsement impact on purchase intention

  • Francisco Moreira
  • Inês Pereira
  • José Duarte Santos
  • Paulo Botelho Pires
Published: 20-08-2023
Pages 1-21

Market crises and benchmark-adjusted fund alphas in a small market context

  • Fernando Lopes
  • Paulo Leite
  • Maria Carmo Correia
  • Pablo Durán-Santomil
Published: 09-10-2023
Pages 1-17

The effect of socioeconomic factors, fear of crime and social mobilization on the evaluation of judiciary decisions

  • Manuel Ruiz-Adame
  • Susana Martínez-Rodríguez
  • Jose Antonio Posada-Pérez
Published: 13-11-2023
Pages 1-24
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