This research evaluates the long-term asymmetric impacts of insecurity and corruption on the development of tourism in Nigeria using a non-linear ARDL (NARDL) method to analyze quarterly data for the 1996-2021 period. The cointegration test result provides an evidence of a long-term relationship among these three variables (corruption, insecurity and tourism development), along with exchange rate, income and infrastructure. The asymmetry test results reveal asymmetry between tourism development and both corruption and insecurity. The outcomes of the empirical exercise indicate that a positive shock to control of corruption (decline in corruption) fosters long-term tourism development, while a negative shock to control of corruption (increase in corruption) does not significantly explain long-term tourism development. In addition, a positive change in government expenditure on internal security (increase in internal insecurity) lowers long-term tourism development, but a negative change in government spending on internal security (decrease in internal insecurity) enhances long-term tourism development. Depreciation of the domestic currency promotes long-term tourism development. Thus, policies that reduce corruption and insecurity are recommended to promote long-term development of the tourism sector in Nigeria.

A raíz de la pandemia, una de las actividades económicas más afectadas fue la gastronomía, debido a las restricciones para mitigar los contagios. La presente investigación tiene como objetivo determinar los factores que influyen en la rentabilidad de las Pequeñas y Medianas Empresas chilenas del sector gastronómico, desde la perspectiva contingente y de recursos y capacidades. Para ello se realizó una investigación cuantitativa con una muestra de 59 empresas. Los resultados del análisis de regresión logística indican que, cuando las empresas despiden tres o menos trabajadores, la probabilidad de que su rendimiento aumente o se mantenga igual se incrementa en un 422%. Por otro lado, por cada decisión adicional que toma la empresa, la probabilidad de que su rendimiento se mantenga igual o aumente disminuye en un 51%. La tecnología y el tamaño no fueron relevantes para este tipo de empresas.

This study examines the internationalization strategies of Galician entrepreneurs and SMEs, focusing on early internationalization trends. The main objective is to develop a regulatory framework that enables entrepreneurs and established SMEs to approach foreign markets effectively. From a qualitative approach, the research analyzed data from Galician firms to construct the Galician Entrepreneurship Internationalization (GEI) matrix. Data were collected through surveys and supplemented from the Vigo Free Trade Zone database, covering exporting companies founded between 1999 and 2021. Qualitative analysis and matrix modeling were applied to categorize firms into distinct internationalization stages, considering factors such as market breadth, export intensity, and speed of entry. Four company profiles emerged from the analysis. The findings reveal that newer companies, influenced by technological advances and favorable public policies, tend to internationalize within a year of inception. The GEI Matrix offers valuable insights for public policymakers and business managers aiming to promote early internationalization.

Household financial decision-making is a complex process influenced by various factors, including personality traits. This study examines the impact of these on household finance in 31 European countries, utilizing the European Union Statistics on Income and Living Conditions (EU-SILC) dataset from Eurostat. We have employed a logistic regression analysis to investigate the relationship between personality traits and three key dimensions of household finance: the likelihood of holding secured debts, the probability of experiencing financial distress, and the state of financial well-being. Our findings have revealed that high levels of neuroticism and extraversion are linked to a greater likelihood of financial distress, whereas low levels of either of them are associated with a higher probability of holding a mortgage. This study highlights the significance of incorporating personality traits into the analysis of household financial decision-making and provides valuable insights into the determinants of household finance in Europe.

En México, el sector servicios desempeña un papel sobresaliente en la actividad productiva debido a los efectos generados por la producción manufacturera orientada al comercio exterior. El crecimiento de los servicios tiene efectos débiles en el crecimiento económico general por la baja transferencia que hace con otros sectores y a la falta de madurez de la industria. Además, el incremento de la producción manufacturera depende del uso de insumos importados. El documento utiliza la metodología del modelo de Input-Output y el Análisis del Crecimiento con las Tablas de Input-Output de 2000 y 2018 publicadas por la OCDE para examinar el efecto de la producción y del uso de los factores del sector servicios en el crecimiento económico. El estudio concluye que en el corto plazo el crecimiento de los servicios es por el efecto de la industria, y en el largo plazo, los servicios presentan una senda de crecimiento intensiva en insumos intermedios importados igual que la industria.

Area payments are a key instrument of the European Union’s Common Agricultural Policy. However, their effectiveness as a tool for supporting farmers’ incomes is weakened by the phenomenon of capitalisation. The aim of this study is to identify the mechanism by which area payments stimulate inputs of agriculture production factors and to examine how subsidies granted in the form of area payments are transformed into remuneration for production factors. The research methodology used includes economic modelling and marginal analysis. It is demonstrated that area payments change the allocation of resources compared to the allocation driven by the market mechanism (resulting in a greater engagement of production factors in agricultural production than would be the case in the absence these subsidies) and also affect the level and structure of the remuneration for production factors in agriculture. A theoretical decomposition of the remuneration of production factors into income from non-land production factors and land rent has been carried out.