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.

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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

More Announcements...

Profit rates and assets-price inflation in the Spanish economy

  • Juan Pablo Mateo Tomé
  • Maximiliano Francisco Nieto Ferrández
Published 01-09-2021

The paper provides an in-depth analysis of profitability in Spain between 1995 and 2014, showing that behind the asset-price inflation of the growth period and its corresponding macroeconomic imbalances, an underlying problem of capital valorization can be found. For this purpose, a study of various measures of profitability is carried out based on the concept of productive labor and highlighting the role of finance (interest rates and indebtedness). The evolution of the profit rate in previous years is also shown , together with a comparison with countries in the Eurozone, both in the most advanced areas and in the periphery. The paper reveals the large extent of the underlying profitability crisis, with a huge fall of profit rates from the late sixties, during the period of the housing boom, and throughout the subsequent recession. In addition, this drop in profitability stands out in relation to other economies of the European periphery. Hence, the study puts the rate of profit at the center of the debate on the Great Recession in Spain, despite its absence in much of the economic literature.

An analysis of foreign bank stability in Spain. Correlation with the business cycle and foreign trade

  • Manuel Angel Corrás-Arias
Published 05-09-2021

The aim of this work is to study the degree of stability, as well as the establishment guidelines, of the foreign bank (FB) installed in Spain and its correlation with the business cycle and the volume of foreign trade. The results are detailed by legal form and show that the FB has achieved a high degree of stability for a high number of institutions, especially in the legal form of branches, and low turnover rates between entities, especially in the legal form of subsidiaries. The time series regression models reveal that the stability of the FB is associated with the degree of openness to foreign trade and, in detail, by legal form, both in subsidiaries and branches, and also with the business cycle. Lastly, the time series analysis test shows the existence of a structural change in the years 2012-2013, indicating the resilience of the FB installed in Spain to the impacts of the crisis,

Evaluation of international competitiveness and insertion in global value chains: An analysis input-output for the industrial sector

  • Raúl Vázquez López
Published 01-09-2021

This article examines the commercial performance of the top 12 industrial goods exporting countries in 2004-2013, analyzing both the purported partnership between labour productivity and external competitiveness, and the role of highly technological industries in export success. The application of Wang, Wei, and Zhu's methodology (2018), based on the use of global input-product matrices, for U.S. and Chinese trade, shows the best U.S. positioning in Global Value Chain (GVC) and exemplifies the relevance of new global productive dynamics for the evaluation of international trade at the sectoral level.

Vol 30 No 3 (2021)

Special Issue: The socioeconomic impact of cultural itineraries: "The Way of Saint James and Other Pilgrimage Routes”

Published: 2021-09-20

Table of contents

The socio-economic impact of cultural itineraries: The Way of Saint James and other pilgramage routes

  • Ruben Camilo Lois González
  • John Eade
  • Adolfo Carballo-Penela
Published: 20-09-2021
Pages 1-4

The new normal on the Way of Saint James: reflections for the future

  • Lucrezia Lopez
  • Rubén Camilo Lois González
Published: 20-09-2021
Pages 1-16

Tourist spending along the Way of Saint James. The Nós Way as an alternative pilgrimage route to Santiago

  • Noelia Araújo Vila
  • José Antonio Fraiz Brea
  • Diego Rodríguez-Toubes Muñiz
Published: 20-09-2021
Pages 1-28
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