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.

The RGE/GJE has the quality imprint of the FECYT and is indexed in SCOPUS, ESCI, Dialnet, InDICEs-CSIC, IDEAS-RePEc, REDALYC, REDIB, DOAJ, and ERIH PLUS, among others. It is also included in different tools for the analysis of scientific journals such as MIAR, Latindex or CIRC. 

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


RGE is now included in the Emerging Sources Citation Index (Web of Science)


We are delighted to announce that the Revista Galega de Economía/Galician Journal of Economics has been selected for inclusion in the Emerging Sources Citation Index (ESCI). As a result of this selection, articles published after 1 January 2021 will now be accessible through ESCI and Web of Science™. This inclusion in ESCI is expected to significantly enhance the visibility of our published research, and provide a mark of quality, with the benefits that this brings to authors. This is a remarkable milestone for the RGE, and we wish to extend our thanks to all the authors, editors, reviewers, and readers who have helped us to reach this achievement.

Article in the USC Journal


Quality Imprint of the Fecyt with Mention of good publishing practices in gender equality


We are delighted to announce that the Revista Galega de Economía/Galician Journal of Economics, published by the Universidade de Santiago de Compostela, has been honored with the Quality Imprint of the FECYT and a Mention of good publishing practices in gender equality. This recognition comes as a result of the compliance with the guidelines outlined in the VIII Convocatoria de Evaluación de la Calidad Editorial y Científica de las Revistas Científicas Españolas 2023, as bestowed by the Spanish Foundation for Science and Technology (FECYT).

Our Journal underwent a rigorous evaluation encompassing both quantitative (impact and visibility) and qualitative (scientific relevance of its publications) aspects during this comprehensive assessment. The achievement of this distinction represents a significant milestone, highlighting the national and international esteem our Journal has garnered within the field of economics research. We extend our sincere gratitude to our contributors, reviewers, and readers for their continued support in making this achievement possible.

More Announcements...

Sports celebrity endorsement impact on purchase intention

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

This research aims to study celebrity endorsement in the context of social media when done by sports celebrities and its influence on purchase intention. Four dimensions have been studied: word of mouth, brand image, brand trust, and brand attitude. By relating these variables, we seek to answer the following questions: Will consumers be influenced by a sports celebrity that they admire to buy a product/service from a brand that they support? Will the brand’s components be valued as a result of celebrity endorsement? Using a questionnaire shared on social networks, 303 valid answers have been obtained. Our statistical analysis has used a structural equation model and the results have been analyzed using SmartPLS software, which has confirmed all the model assumptions. Therefore, celebrity endorsement has an impact on brand image, word of mouth, brand attitude, and brand trust. Furthermore, it directly affects purchase intention. The effectiveness of celebrity endorsement has been verified in the context of social media and this research can thus help marketeers understand the importance of using sports celebrities to endorse brands. Implications for brands have been identified, based on the research results.

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

The Tax on the Increase in Value of Urban Natural Land (IIVTNU), better known as the municipal capital gains tax has been one of the most questioned taxes due to the problems arising since its application and the continuous modifications as a result of the rulings of the Constitutional Court, which has led to its calculation being significantly changed. However, and despite the continuous reforms, the IIVTNU still has major problems that have not been corrected. In addition, no official estimates are available on the budgetary impact of the new regulation, nor does it seem that the General State Administration will pay any kind of compensation to the municipalities for the foreseeable loss of tax collection, as it is a fiscal capacity delegated to local entities. Finally, the IIVTNU has many more collection problems than other taxes such as the Property Tax or the Business Tax. This article addresses all these limitations and proposes a set of alternatives to improve the fiscal capacity of the IIVTNU, both generally and specifically for Galician municipalities.

An Investigation of Entrepreneurial Orientation, Social Media Adoption and E-commerce on MSME Business Performance: An Empirical Study in Indonesia

  • Syahmardi Yacob
  • Urip Sulistiyo
  • Jefri Marzal
  • Ade Perdana Siregar
  • Amirul Mukminin
Published 20-08-2023

The COVID-19 pandemic has significantly impacted the health, economy, and social sectors, and micro, small, and medium-sized enterprises (MSMEs) worldwide, including in Indonesia. This paper examines the use of social media and e-commerce with an entrepreneurial orientation to enhance the business performance of MSMEs. The study should serve as a model for improving the quality of micro, small, and medium-sized enterprises in the Jambi Province, in Indonesia. The research employs quantitative and qualitative approaches. The latter method employs in-depth interviews, focus group discussions (FGDs), and observation, whereas the former uses the partial least squares method (PLS). The findings and discussions conclude that social media adoption positively affected the performance and entrepreneurial orientation of MSMEs during the said period. Similarly, e-commerce positively affected the performance and entrepreneurial orientation of MSMEs. Entrepreneurialism and social media adoption had a significant impact on the performance of MSMEs, and due to its entrepreneurial orientation, e-commerce influenced the performance of MSMEs.

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

Most mutual fund performance evaluation studies interpret fund alphas as the incremental performance of managers in relation to passive benchmark indices, which should exhibit statistically insignificant alphas. However, if these indices present significant non-zero alphas, standard (non-adjusted) fund alphas are biased. This paper investigates the impact of using benchmark-adjusted alphas to assess the performance of Portuguese-based mutual funds, investing in domestic and European equities. For the period 2000-2020, our results show that fund benchmarks exhibit significantly negative alphas, which lead to an underestimation of mutual fund performance when employing standard models. As a result, benchmark-adjusted alphas are significantly higher than unadjusted alphas for both fund categories, though the differences are larger for domestic than for European funds. We have also found that the impact of the benchmark-adjustment procedure depends on the state of markets. The domestic (European) benchmark exhibits considerably lower (higher) alphas during crisis than during non-crisis periods. During market crises, the differences between pre- and post-adjustment alphas are statistically significant only for domestic funds, whereas during non-crisis periods, both fund categories exhibit significant performance improvements. Our findings suggest that the benchmark-adjustment procedure has a higher impact when benchmark indices exhibit higher concentration.

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

Crimes related to sexual abuse and rape attract large social mobilizations, as happened following the assault on an 18-year-old woman at the San Fermín festival in Pamplona, Spain, by a group of men known as “la manada” (“the wolf pack” in English). Understanding how the aftermath of protests and socioeconomic factors influence the perceptions of fear of crime, safety and justice, measured as judiciary decisions, are the aims of this paper. A randomized sample collected in two periods was obtained (N=605), the first one (n1=454) performed after the judicial sentence of the case, the second (n2=151) four months later, after the social alarm had decreased. The perception of safety increased after the peak moments of the demonstrations. The trust in justice was low and fell after protesters had risen to the streets although its perception was greater among higher income earners. Hence, the perception of safety rises during social mobilizations but only improves for a short period of time whereas the effects on that of justice last for longer.

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 2 (2023)

Special Issue. Entrepreneurship in the age of the digital economy

Published: 2023-09-01

Table of contents

Entrepreneurship in the age of the digital economy.

  • Susana Bernardino
  • Orlando Rua
  • José de freitas Santos
Published: 28-06-2023
Pages 1-4

The use of sales technology by sales people as an information source and stimulant for intrapreneurship

  • Pedro Mendonça Silva
  • Ana Pinto Lima
  • Sandrina Francisca Teixeira
Published: 26-01-2023
Pages 1-20

Integrating the social support theory and technology acceptance model of social commerce websites

  • Syed Shah Alam
  • Nurkhalida Makmor
  • Mohammad Masukujjaman
  • Zafir Khan Mohamed Makhbul
  • Mohd Helmi Ali
  • Abdullah Al Mamun
Published: 27-06-2023
Pages 1-24
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