Revista Galega de Economía 2020-12-10T00:33:08+01:00 Revista Galega de Economía Open Journal Systems <p>The <em>Revista Galega de Economía </em>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. It publishes original papers related to the fields of business administration and management, economics, and social sciences. It is addressed to the national and international scientific and academic community, as well as to all the professionals in the three fields mentioned above.</p> <p style="text-align: justify;">The <em><em><em>Revista Galega de Economía </em></em></em>is indexed in <a href="">SCOPUS</a>, <a href="">Dialnet</a>, <a href="">InDICEs-CSIC</a>, <a href="">IDEAS-RePEc</a>, <a href="">REDALYC</a>,&nbsp;<a title="REDIB" href="" target="_blank" rel="noopener">REDIB</a>, <a href="">DOAJ </a>and EconIS, among others. It is also is included in different tools for the analysis of scientific journals such as <a href="">MIAR</a>, <a href="">DICE</a>, <a href="">Latindex</a> or <a href="">CIRC</a>.</p> <p style="text-align: justify;">The digital portal of<em><em> <em>Revista Galega de Economía </em></em></em>is published in Galician, Spanish, and English. The articles published are in Galician, Portuguese, Spanish, and English.<em>&nbsp;</em></p> Analysis of perceived value of a new packaging in sugar market and its influence on willingness to pay 2020-12-09T18:56:59+01:00 Domingo Calvo Dopico Ángel María del Castillo Puente Jonathan Neptali Herrera Peña <p>In 2007, the Azucarera company successfully launched a new sugar container in order to improve product differentiation. Twelve years after launching the new product, the aim is to analyze the evaluation of the attributes of the packaging that add value to it, the intention to buy and the willingness to pay a premium for the new packaging compared to the orixinal one. Based on the expertise obtained after the launch of the product, this study analyzes, in addition to the consumer's point of view, the manufacturer of the container, the distributor and the company that produces sugar. The results reveal that the consumer is not only predisposed to buy the new package but is willing to pay price premium over the traditional package in addition to significantly assessing the main dimensions of the package such as ease of use, tightness and hygiene.</p> 2020-09-09T12:25:05+02:00 Copyright (c) 2020 Elaboration of the Galician Fiscal Balance for the period 2011-2013. A comparative analysis with the System of Territorialised Public Accounts 2020-12-09T18:56:59+01:00 Juan Alberto Turnes Abelenda Xavier Vence Deza <p>In this work, the Galician fiscal balance for the 2011-2013 period is estimated, using the SICOP as the database for allocating expenditure and carrying out a comparison with the results obtained from the System of Territorialised Public Accounts. As the main innovation. and differing from different works published so far for Galicia, the result of the fiscal balance is presented according to the following logic. Firstly, the “basic fiscal balance” is prepared, where only the territorialised expenditure in Galicia is taken into account and which is materialised in transfers from the Central Administration to the Autonomous<br>Community, expenditure on goods and services, personnel and real investment. Subsequently, the result of the “extended fiscal balance” is indicated, where financial and social protection expenditure is added.</p> 2020-09-09T12:27:10+02:00 Copyright (c) 2020 The risk-based approach in organization quality management systems 2020-12-09T18:56:59+01:00 Oksana Zhemchugova Violetta Levshina <p>The relevance of the study is associated with the problem of introducing a risk-based approach in the quality management systems (QMS) of organizations from various sectors according to the requirements of ISO 9001:2015. It hereby offers a new feature of risk classification based on their application in management systems concerning various aspects of organizations activity, in particular, risk in QMS (quality risk). The authors’ definition of the term “quality risk” is presented, and the concept of the “risk-based approach in QMS” is clarified. Methodical approaches to the choice of the complexity of the risk-based approach depending on the QMS maturity in an organization and the factors of its environment are developed and tested in 46 organizations from various industries.</p> 2020-09-09T12:28:07+02:00 Copyright (c) 2020 Own identity and cultural and creative industries. The case of European regions 2020-12-09T18:56:59+01:00 José Manuel Amoedo Meijide Manuel González López <p>In this paper we analyse the impact that cultural identity and political autonomy have on the ability of European regions to develop the sector of creative and cultural industries. Firstly, we have compiled a collection of existing literature on key factors to explain the agglomeration of these industries. Secondly, we introduce our hypotheses about the effect of regional identity on creative and cultural industries. Next, we consider four econometric models that relate these concepts in the case of European regions. Finally, we expose the main conclusions of the work that can be summed up as the existence of a positive impact of regional identity on the development of creative and cultural industries in the European regions.</p> 2020-10-26T18:06:05+01:00 Copyright (c) 2020 Universidad de Santiago de Compostela Blue governance: Sustainable port governance 2020-12-09T18:56:59+01:00 Beatriz López-Bermúdez Maria Jesús Freire-Seoane Carlos Pateiro-Rodríguez <p>This research presents a proposal for a study of governance from the perspective presented in the Integrated Maritime Policy (IMP) of the European Union, which seeks to provide coherence to the problems in the maritime sector through the coordination of all stakeholders in the maritime sector. The objective of this research is to identify the barriers and the problems that occur when a Member State tries to implement the Integrated Maritime Policy in the governmental organization of marine spaces. The challenge is to achieve ‘blue governance’ i.e.the activation of a network of cooperation between the different stakeholders of the port sectors so as to be able to integrate the different regional, national, European and international levels with the purpose of establishing a structured, systematic collaboration framework</p> 2020-11-03T17:35:34+01:00 Copyright (c) 2020 Universidad de Santiago de Compostela Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain 2020-12-09T18:56:59+01:00 Jorge de Andrés Sánchez Laura González-Vila Puchades <p>Enhanced annuities are non-deferred annuities that, by considering risk factors of the insured person in addition to their age, can provide a greater periodic pay-out than that of standard annuities. Given current demographic trends and the associated longevity risk, enhanced annuities, widely introduced in the United Kingdom, can become an important market niche in countries where their sale levels are low or non-existing, as is the case of Spain. In this work, we describe some key aspects of enhanced annuities. A quantitative analysis is also carried out. To do so, we focus on determining the pay-outs to be received, based on the consideration of a mortality table fitted to the annuitant’s life expectancy. Finally, the main drivers of and barriers to the demand and supply of this product are exposed, considering the particular situation of Spain.</p> 2020-11-12T23:47:51+01:00 Copyright (c) 2020 Financial capability and financial behaviour of the millennial generation in Spain 2020-12-09T18:56:59+01:00 Marcos Álvarez Espiño Sara Fernández-López Lucía Rey-Ares Sandra Castro-González <p>Individuals’ financial capability, resulting from the combination of the financial literacy they have and the opportunity to access financial products, is a challenge in today's societies and, particularly, for certain population groups such as the millennial generation. For this reason, it is important to study the financial capability of millennials and to validate whether there are differences regarding that of preceding generations. After the literature review, the empirical analysis is carried out using a sample based on the Survey of Financial Competences (SFC). The sample is composed of 6,852 non-retired individuals under 65 years of age, of which approximately 34% are millennials. Descriptive and econometric analyses are based on this sample. However, financial inclusion is more related to the financial behaviours of respondents. This relationship is clear, regardless of the generational cohort analysed, in the delay in payments, the maintenance of emergency funds and the financial planning horizon. It is also found that the correlation of some behaviours with financial literacy is more similar between millennials and non-millennials than when the former is compared with their peers. This research contributes to the existing financial literature through the analysis of the financial capability of the Spanish millennial generation and the analysis of how this capability influences its financial behaviour. In this sense, the research brings empirical evidence to a field of study in which there is hardly any reference that goes beyond descriptive analyses focused on AngloSaxon contexts.</p> 2020-12-04T17:33:08+01:00 Copyright (c) 2020 Universidad de Santiago de Compostela Changes and continuities in the Galician economic structure after the financial crisis. An analysis using the 2008 and 2016 input-output tables 2020-12-09T18:56:59+01:00 Fernando de la Torre Cuevas <p>Thie present work investigates the changes and continuities in the economic structure of Galicia during the 2008 crisis and the following economic recovery cycle. We will address this issue from the perspective of the critical perspective on economic development theory. To do so, we will use the information provided by the 2008 and 2016 input-output tables, carrying out a comparative analysis. In the first place, we compare the key sectors that define the core of the internal production scheme. After that, we study Galicia´´ s&nbsp; &nbsp;comparative advantages and disadvantages of its external insertion in Spain, the European Union and the world. The results obtained indicate that the economic structure of Galicia has not changed in its fundamental aspects after the economic crisis. This result suggests that the causes of the economic growth and the improvement of the trade balance following the crisis must be looked for elsewhere.</p> 2020-12-07T14:17:54+01:00 Copyright (c) 2020 Universidad de Santiago de Compostela Territorial assessment for moving a chemist’s in Galicia. A case study of Applied Geography 2020-12-09T18:56:59+01:00 Ángel Miramontes Carballada <p>The creation or transfer of a service always has a series of territorial repercussions. However, if, in addition, the service is a chemist’s that, to do business, must meet a series of conditions (the number of inhabitants and distances among others,) the territorial consequences may be several. The purpose of this work is to show how the voluntary transfer of a chemist’s would affect the municipality of A Estrada (Pontevedra). The territorial repercussion would influence the demographic, social, economic and mobility characteristics of the population in this area in the interior of Galicia. The basic service of distributing medicine to the population would also be affected. To achieve this objective, exhaustive fieldwork was carried out along with an analysis of all available territorial information on the actions to be carried out, considering planning and territorial development in the municipality. One of the conclusions reached was to verify how the boundaries or borders that are sometimes created by the administration are not always the most efficient in relation to the characteristics of the territory, nor do they provide the best service to the population (educational, health or pharmaceutical).&nbsp;</p> 2020-12-08T21:07:19+01:00 Copyright (c) 2020 Universidad de Santiago de Compostela Mobile commerce purchase behaviour: The importance of personality traits 2020-12-09T18:56:59+01:00 Zaira Camoiras-Rodríguez Concepción Varela-Neira <p>The advantages that mobile commerce provides have attracted the attention of companies and consumers. Despite its potential benefits, research on the factors that influence how often it is used and bought is still scarce. This research contributes to a greater knowledge and understanding of the factors that influence how often it is bought in a mobile environment by relating the Technology Acceptance Model (TAM) to personality traits literature. This research is based on a sample of 200 individuals who have mobile devices with Internet access. The technique used to test the hypotheses is path analysis. The results show the indirect effect of the need for material resources and task orientation on the number of purchases in mobile commerce. Furthermore, the results reflect the important mediating role of an impulsive purchasing tendency in the level of purchase frequency.</p> 2020-12-09T09:27:14+01:00 Copyright (c) 2020 Acknowledgement of reviewers for 2019 and 2020 2020-12-10T00:33:08+01:00 Maria Luisa Chas-Amil 2020-12-09T00:00:00+01:00 Copyright (c) 2020 Universidad de Santiago de Compostela