The Economy and the contribution of the Economic Magazine

Abstract

The Revista Económica (RVE) contributes to the academic debate from a technical and scientific perspective through semi-annual publications in digital and printed format. The journal approaches the issues with a rigorous application of econometric techniques to economic and social problems. The first theme of this number deals with the need to establish actions aimed at protecting and guaranteeing the rights of the population through adequate risk management by people trained in security. For this, Astudillo, Paredes, López and Poma (2021) carry out a study of relevance to improve the academic offer for professionals in Risk Management. The results show the lack of academic offer that generates an unsatisfied demand in both public and private institutions. Another relevant issue is chronic child malnutrition in Loja. Rivera (2021) uses a mixed methodology that combines analysis of quantitative data from the Survey of Living Conditions and analysis of qualitative information through the Development and Land Management Plans. In another line of research, there is talk about economic growth in various contexts. Ortiz, Cuenca and Ahumada (2021) examine the economic growth of Ecuador in the 2006-2017 government period, pointing out several significant elements such as: Nationalization of hydrocarbons with high oil prices, efficiency in tax collection, high savings in income from resources, public spending as a catalyst for domestic demand, which have been essential for economic growth in this period. The results of this research show a significant reduction in the social inequality gap and a reduction in poverty; improvement of public health, education levels and employment. On the other hand, Salinas and Tillaguango (2021) show how economic growth and foreign direct investment (FDI) affect inequality worldwide, using econometric techniques on panel data. The results of the cointegration tests show that the Gini Index, economic growth and FDI have a joint movement in the short and long term. Based on the results obtained, public policies related to the search for foreign investment that allow an efficient distribution of economic resources are proposed.
Lara (2021) evaluates the effect of human capital and electricity consumption on economic growth worldwide. It uses variables such as GDP per capita, human capital, measured by the schooling rate, and electricity consumption. The results found indicate the existence of a long-term balance between the variables globally and by groups of countries. The policy implications suggest that the state should seek and promote the implementation of new sources of energy generation, due to its strong relationship to growth. At the regional level, Ochoa, Armas and Pereira (2021) investigate the situation of the manufacturing sector in the Ecuadorian economy and its influence on economic growth for the period 2007-2020, using Kaldor's laws of economic growth as a theoretical basis. Likewise, they use a static and dynamic panel econometric model at the provincial level, and the results suggest that the Ecuadorian industry is positively correlated with the level of labor productivity and with the growth of the remaining sectors of the economy. At the end of this study, public policies aimed at promoting the development of the manufacturing sector are recommended with the aim of promoting sustainable economic development in Ecuador. A topic of interest proposed by Álvarez (2021) is the analysis of the causal link between the private financial system and the ecological footprint, together with foreign investment and urbanization, using panel data for 100 countries. The main results indicate that the private financial system increases environmental degradation, in upper-middle-income countries and in lower-middle-income countries.
For his part, Jiménez (2021) evaluates the relationship between foreign direct investment and renewable energy consumption in 18 Latin American countries during the period 1990-2015. It is shown that Foreign Direct Investment has a positive effect on the consumption of renewable energy at the level of Latin America, Upper Middle Income Countries (PIMA) and Lower Middle Income Countries. However, High Income Countries have a negative effect. Robles (2021) shows how to promote innovation in companies through tax incentives. Analyzing the National Innovation System and the Ecuadorian tax system, and he develops a proposal for financial incentives to improve innovation in Ecuadorian companies. To study the inequality of income and its effects, Silva (2021) proposes the study of homicide rates as a consequence of inequalities, taking the five countries with the highest homicide rates in Latin America and Europe. It is determined that inequality influences homicide rates until its value, although other factors take center stage. The public policy implications suggest that inequality and poverty must be reduced to control this problem.
We extend the invitation to read the articles, the opinion and the debate on the exposed topics are welcome.