Current Issue : July-September Volume : 2025 Issue Number : 3 Articles : 5 Articles
In every economy in its productive processes there are wastes that can be but are not used, hence models such as those proposed by the circular economy, allow to reduce the amount of waste that ends up in landfills and that become polluting agents of the environment. This article proposes a model for the use of inorganic waste for countries located in tropical areas, where activities related to tourism and crafts are carried out, taking into account the precepts of the circular economy and the orange economy. This model is very useful since it not only contributes to the economy and the generation of income for vulnerable populations, but also contributes to the sustainability of the resources of one of these tropical countries....
Drawing on the methodology proposed by Garcia-de-Andoain and Kremer (2018), SovCISS incorporates key factors - credit risk, volatility, and liquidity - to provide a comprehensive overview of potential market pressures in the Romanian bond market. The indicator’s empirical applications reveal a notable alignment between Romania’s market and those of the Euro Area and three major Central European economies (Poland, Hungary, and the Czech Republic), underscoring shared susceptibilities to external shocks. The analysis highlights a balanced contribution of credit risk, volatility, and bid-ask spreads to overall stress levels, although credit spreads have taken on a more substantial role since 2021 in tandem with Romania’s comparatively restrictive monetary stance. By providing early warnings and detailed signals across different maturities, SovCISS helps policymakers respond to looming challenges and reinforce financial stability. This research expands existing literature by introducing a real-time surveillance instrument that strengthens sovereign risk management strategies within Europe’s increasingly interconnected financial environment....
This study was carried out to ascertain the relationships between public debts and economic development in Nigeria. The specific objectives were to assess the effects of public debt on economic growth rate, aggregate demands, sectoral compositions and to find out if there exists any threshold relationship between debt accumulation and economic development in Nigeria. An ex-post facto research design was adopted in the study. With the aid of E-view statistical package, varied econometric analyses were conducted. Outcome of the study indicates that there exists a significant threshold relationship of between 50 and 60 percent for external debt, while a 15–17 percent threshold was established for domestic debt and debt accumulation in Nigeria. The study also reveals that external and domestic debts both have significant and largely negative impact on economic growth and development in Nigeria. The study therefore recommends that there is need for government at various levels in Nigeria to strive to reduce debt accumulation, especially in the long run by expanding her tax drag nets where necessary for overall and effective public financial management. There is also the need for a strong support for fiscal operations. Debt dependence in Nigeria was identified as a problem of fiscal federalism and claims to resource control among the federating units. It is also recommended that government must provide support for fiscal discipline. This could pave way for effective debt management practice in Nigeria....
International market openness has long been regarded as critical for economic development, and recent evidence highlights the distinct roles of financial and trade openness, particularly in emerging and developing economies. This study examines the impact of financial and trade openness on economic growth in ten emerging and developing countries from 1970 to 2023. It employs a dynamic panel generalized method of moments (GMM) model, which is selected for its ability to address potential endogeneity and dynamic relationships within panel data. The analysis finds that both financial and trade openness positively influence economic growth and that stable macroeconomic conditions and political stability enhance these growth-promoting effects. In the context of growing geo-economic tensions, trade fairness, and national security concerns, the study underscores the need for policies that balance global integration with national interests. These findings suggest the importance of designing policies that promote greater integration into global financial and trading systems while ensuring sound macroeconomic fundamentals and supportive institutions. The study recommends that policymakers pursue strategic liberalization and strengthen governance structures to achieve sustained and inclusive growth....
The aim of this study is to investigate the effect of economic freedom on foreign direct investment in Uzbekistan. In order to examine this relation, we constructed a composite index of 10 economic freedom indicators using principal component analysis, as well as a panel data on provincial level that span twelve years of observations. The empirical outcomes reveal that economic freedom has significant and positive impact in attracting foreign capital. Moreover, official development assistance positively moderates the relationship between economic freedom and FDI. We find evidence suggesting that foreign direct investment inflows increase provided that institutions and government policies ensure the efficient exercise of private property rights. Apart from the index of economic freedom, the findings support the importance of macroeconomic indicators in attracting foreign investment....
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