Revista Galega de Economía <p style="text-align: justify;">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. 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.&nbsp; The <em>Revista Galega de Economía</em>&nbsp;is an international peer-reviewed open access journal.&nbsp; 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.</p> <p style="text-align: justify;">The <em>Revista Galega de Economía</em><em>&nbsp;</em>is indexed in SCOPUS, Dialnet, InDICEs-CSIC, IDEAS-RePEc, REDALYC, REDIB, DOAJ, and ERIH PLUS, among others. It is also is included in different tools for the analysis of scientific journals such as MIAR, Latindex or CIRC.&nbsp;</p> <p style="text-align: justify;">The digital portal of<em> Revista Galega de Economía </em>is published in Galician, Spanish, and English. The articles published are in Galician, Portuguese, Spanish, and English.<em>&nbsp;</em></p> Universidade de Santiago de Compostela. Servizo de Publicacións e Intercambio Científico en-US Revista Galega de Economía 1132-2799 <p>From 2019 papers and articles published in this journal are subject to the following terms:&nbsp;</p> <p>1. The University of Santiago de Compostela retains the patrimonial rights (copyright) of articles published, and encourages and enables reuse of the same under the license specified in point 2.</p> <p>2. Articles are published in the online edition of the journal under a <a title="License Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)" href="" target="_self">License Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)</a>. All papers can be copied, used, disseminated, transmitted and publicly displayed, provided acknowledgment of authorship, the URL, and the journal are mentioned and that the materials are not used for commercial purposes.</p> <p>3. All authors agree with the license used by the journal with the conditions of self-archiving and open access policy.</p> <p>4. Authors are allowed to disseminate electronically (e.g. in institutional repositories or on their own websites) the published version of their manuscripts, as these favours circulation and early diffusion and thus possibly increases the citations and scope among the academic community (See <a title="The Effect of Open Access" href="" target="_self">The Effect of Open Access</a>).</p> <p>Before this year, when publishing in Revista Galega de Economía, the author cedes all the exploitation rights of his/her article to the University of Santiago de Compostela which, under the conditions and within the restrictions stated in the legislation on intellectual property, is the copyright holder. The fact of its holding the copyright grants the University of Santiago de Compostela&nbsp; the exclusive right, worldwide, to:</p> <ul> <li class="show"> <p>publish the article’s final version in the journal, and distribute it and/or communicate it publicly, both in the journal itself and in other related media, in print format, digital format or any other format that can be created in the future;</p> </li> <li class="show"> <p>translate or write abstracts of the article, and distribute them and/or communicate them publicly, and authorize a third party for the same right or transfer the same right to a third party;</p> </li> <li class="show"> <p>deposit copies or references of the article in file-stores on line, both in platforms belonging to the University of Santiago de Compostela and in platforms belonging to a third party which has received the corresponding authorization by the University of Santiago de Compostela.</p> </li> </ul> Economic growth in Mexico and its dependence on US countercyclical policies within the context of integration <p>The COVID pandemic has affected the global economy and most countries are facing a double crisis: health and economic. Mexico's responses to these crises have been among the worst in all Latin America. The aim of this paper is to analyse Mexico's economic dynamics and its response to the pandemic crisis, paying particular attention to the role played by the US countercyclical policy.</p> <p>Based on the study of the changes and implications of the process of economic liberalization and trade integration with the US as well as the comparative growth and budget spending patterns, it is concluded that its countercyclcial policy contributes to Mexican economic growth.</p> <p>The results show there is no roadmap for dismantling the neo-liberal economic model. Mexico finds itself tied to the US economic cycle.</p> Jorge Alberto Lopez Arevalo Copyright (c) 2022 Universidad de Santiago de Compostela 2022-06-24 2022-06-24 31 1 1 22 10.15304/rge.31.1.8004 An econometric analysis of the interrelations between shadow and official economy on economic growth <p>Using panel data from 29 OECD countries between 1991-2015 in an economic growth model of two sectors with heterogeneous productivities, we show that the underground economy exerts an effect on the official one. Both economies move in opposite directions because when hidden GDP grows, economic growth is damaged through a negative externality or spillover. However, the marginal productivity of the shadow economy is found to be lower than that of the official one, so, it is possible to some extent that the rules available to control it are effective. The application of different econometric techniques leads to similar conclusions demonstrating the robustness of the results.</p> Adrián Ríos Blanco Copyright (c) 2022 Universidad de Santiago de Compostela 2022-06-24 2022-06-24 31 1 1 17 10.15304/rge.31.1.8098 Responsible behavior in relations with third parties as a driver of business performance in times of economic crisis <p>Due to the significant contraction in economic activity and employment throughout the world caused by Covid-19, it is especially pertinent to continue advancing in the study of the effect that the implementation of socially responsible practices has on profitability. Thus, in this empirical research, carried out with a sample of 6,186 companies, it is intended to deepen the existing relationship between the effort made by the Spanish business fabric within the manufacturing sector in social responsibility policies and the results obtained in its financial indicators. For this, we focus on the relationships that the company maintains with its external stakeholders, the community, with human resources and policies related to quality management, and we analyze how they contribute to improving the company's economic profitability (ROA), using a dashboard of data. The results show that the implementation of collaboration policies to increase and improve relationships with suppliers, competitors and institutions has a significant positive effect on increasing ROA. However, collaboration with clients had a negative impact on ROA. In addition, the application of human resources practices aimed at improving relations with employees and the implementation of quality policies also have a positive and relevant impact on ROA.</p> Sonia Benito-Hernández Cristina López-Cózar Navarro Gracia Rubio Martín Copyright (c) 2022 Universidad de Santiago de Compostela 2022-06-24 2022-06-24 31 1 1 24 10.15304/rge.31.1.7910 Emigration and brain drain in Galicia, 2001-2019 <p>In recent years, the idea that Galician youth is emigrating again has been established in the social imaginary, highlighting a problem of brain drain. However, there are few systematic studies on this issue. In this work, we merge the Spanish emigration data with the census data of the destination countries collected by the OECD in its DIOC-E database to estimate the stocks of emigrants by educational level and Autonomous Community (CCAA) of origin. Similarly, we used a unique set of SEPE job mobility data to study internal migrations. Our results show that Galicia is one of the communities most affected by the brain drain in the Spanish context. External emigration has increased significantly with the economic crisis and has remained at high levels since then while internal emigration shows a low level in comparison with other CCAA but a persistent negative balance and a growing trend.</p> Jose Blanco-Álvarez Manuel González-López Copyright (c) 2022 Universidad de Santiago de Compostela 2022-06-24 2022-06-24 31 1 1 24 10.15304/rge.31.1.7961