Miguel-Angel Galindo

The future of services in a globalized economy

In recent decades, the New Economy approach has been developed. This approach tries to analyse the new relationships among countries through the globalization process and has changed the views of several economists about the behaviour of economic activity. In this approach, services play a relevant role. The main goal of this paper is to explore the important role of services in the new economy. Through an extensive literature review, a variety of topics that connect economic growth and development to the presence of services is analysed. It also, by providing recent trends in services when compared with manufacturing, shows that the role of services, especially financial, has been on the increase in recent years.

Public expenditure, income distribution, and growth in OECD countries

Economic growth and the several topics related to it have been studied by economists since their earliest publications. Two different approaches to this area can be found in Neoclassical and Endogenous growth models. The economic growth analysis has focused its attention on the factors that influence the growth of nations, such as fiscal policy or improvement of human capital. Nevertheless, it is also interesting to study the effects of income distribution on economic growth to determine if it has positive effects on growth. The aim of this paper is to study these effects. The authors will develop a theoretical model in which they will introduce public capital in a typical Cobb-Douglas production function. They will estimate OLS, GLS, and SUR fixed effects models for time series and cross-sectional data.

Women’s Entrepreneurship and Economic Policies

During the last decades, “entrepreneurship” has gained special relevance in the economic policy area, mostly because it has an important role in the employment creation and economic growth process. In this sense, women entrepreneurship would have a positive role to create new jobs for themselves and for others and to advance business opportunities. However, they have more difficulties to obtain the necessary resources to carry out their activities. In this paper, we analyze the relationship between women entrepreneurship and economic growth as well as those measures to stimulate their activities by engaging in an empirical study that draws data from several OECD countries.

SERCREA+ model: a business tool for change management in Mexican organizations

Purpose – The goal of this article is to develop a SERCREA+ model for the case of Mexico, paying special attention to the aspects concerning change management that allows, among other things, the promotion of high‐quality entrepreneurships that would facilitate a greater business sustainability over time, and that would have positive effects on economic growth and employment.Design/methodology/approach – To develop the empirical analysis, an interview with 36 Mexican businessmen involved in the management process has been done.Findings – The data obtained show that change management has important positive effects in promoting sales, and the creation of a support group, that is an entrepreneurship club, would make business activity more sustainable over time.Originality/value – Traditionally Mexican analysis has focused on the economic part of the companies, without considering the aspects of change management. This paper studies the different elements of the change management process that allow the promot...

Franchise, innovation and entrepreneurship

Since franchise business can be an alternative to independent business, it seems interesting to look at those factors that encourage individuals to choose franchise rather than independent business. It is also relevant to consider the role of innovation because it is generally accepted that independent business facilitates innovations to a greater degree than does franchise. The main goal of this paper is to determine the factors that encourage individuals to choose franchise activity and what role plays innovation in their decision.

Savings, taxation and growth: the case of European Union countries

This paper examines the effects of saving and public capital on economic growth, developing a growth model and empirically investigates the role of these two variables for the European Union countries. The results show a non-homogenous situation in these countries. Using the Ordinary Least Square method, estimation results show that in the case of France, Germany, Greece, Spain, Sweeden and the United Kingdom, the saving variable has an unexpected sign and is only significant in the case of the United Kingdom. Regarding public capital results, only five countries France, Germany, Luxemburg, Netherlands and Spain, show a positive relationship.

Women’s Approach to Economics and Firms

Women and works by female economists appeared in the economic literature of the Classical and Neoclassical periods. While a portion of such literature popularized the approaches of male economists, others part criticized some established views, especially those dealing with wages, education, and the position of women in the family. The objective of this article is to analyze the main economic approaches held by women, starting with an analysis of the situation of women in the eighteenth and nineteenth centuries. The differences between women’s thoughts on economics and the classical and neoclassical economic approaches are considered, as well as women’s thoughts on productivity and firm’s activity.

The Year of the Euro: The Cultural, Social, and Political Import of Europe's Common Currency

experimental work simply does not address many questions that interest social economists, suchas the content of specific ethical/moral frames andhow theyare produced, sustained, and transformed by institutions and individuals. Nonetheless, there is much about this literature that will be of great interest to social economists. Meier’s book provides a great overview of recent work, and its tack of studying pro-social behavior ‘‘outside the lab’’ makes it especially worth reading. Martha A. Starr American University, USA 2008 Martha A. Starr