Revista Galega de Economía

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

Julia M. Núñez Tabales — 2024-03-14

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.

Time Banking and Social Capital Creation: a Transaction Data Analysis

María Ángeles Carnero — 2024-04-25

This article uses transaction data from three time banks located in Barcelona to analyze their potential to generate bonding and bridging social capital for their members. Regarding bonding social capital, the findings are in line with the related literature in terms of the average number of trading partners and the ego-network density. However, reciprocity is a more frequent form of behavior in our data than in other time banks from other countries. Concerning bridging social capital and considering different age groups, the results show slight evidence of homophilic behavior, although intergenerational transactions are also present, being more frequent between more similar age groups. Finally, we explore the influence of age on the time it takes for members to engage in transactions, which could somehow be related to their potential motivations behind joining a time bank.

The Influence of Inclusive Leadership on the Well-Being of Employees

Ramón Rueda-López — 2024-03-21

Among the different managerial styles of leadership, inclusive leadership has a particular relevance because, through its basic characteristics of openness, accessibility and availability of managers, employees can see their esteem and feeling of belonging to the group improve. This improvement can ultimately increase the degree of well-being at work. This research has been carried out through a survey of 193 working people about their perception of the inclusive leadership style and their level of well-being at work. The PLS-SEM methodology has been used for the statistical treatment of the data. The main conclusion obtained in this research is that an inclusive leadership style has a positive effect on people's well-being at work. Inclusive leadership improves job satisfaction, the feeling of being respected and emotional accessibility. These conclusions and findings support the idea that it is necessary to train managers in skills linked to labor inclusion.

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

Sergio Soza-Amigo — 2024-03-01

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.

Technological innovation clusters and shared value creation: an explanatory analysis

Jonathan Cuevas Lizama — 2024-03-13

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 — 2024-02-20

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.