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The policies implemented to improve the liquidity of Spanish municipalities and the introduction of the commercial debt sustainability principle reveal the importance of controlling late payment by public sector. In this context, the purpose of this paper is to analyse the effect of the fiscal rule directed to control the average payment periods of public administrations and whether the political environment, socioeconomic characteristics and financial situation influence on the average payment period of municipalities. In order to achieve this goal, an exploratory analysis is carried oud and panel data methodology (2009-2015) is applied. The paper contributes to provide evidence of the effectiveness of the commercial debt sustainability principle and improves the knowledge for the analysis of short-term financial position. ; Las medidas implantadas para mejorar la liquidez de los municipios españoles y el principio de sostenibilidad de la deuda comercial ponen de manifiesto la importancia de controlar la morosidad pública. En este contexto, este trabajo comprueba el efecto de la regla fiscal que controla los plazos de pago y si el entorno político, socioeconómico y presupuestario incide en el periodo de pago de los ayuntamientos españoles. Para ello, se realiza un análisis exploratorio y se aplica la metodología de datos de panel (2009-2015). Los resultados contribuyen a demostrar la eficacia del control del periodo de pago y evidenciar los factores de riesgo en la situación financiera a corto plazo.

La falta de series macroeconómicas históricas para las economías regionales dificulta la profundización en el conocimiento de los factores explicativos de su evolución económica. En este artículo se utiliza una serie anual del producto interno bruto, estimada por la vía de la oferta, para Andalucía a lo largo del siglo XX. A partir de estas cifras se establece los cortes estructurales que se producen en esa etapa y que contribuyen a explicar el atraso económico relativo andaluz. Se encuentran tres fechas significativas de corte y los resultados obtenidos permiten establecer que la tasa de crecimiento económico medio anual del producto interno bruto al costo de los factores (PIBcf) per capita fue igual a 1.64%, lo que supone un diferencial de más de medio punto porcentual respecto al 2.20% de España

The authors would like to acknowledge the continuous support and guidance of the colleagues and family members. The author would like to acknowledge the constant support and guidance from Anila Pathak, Nupur Chaturvedi, Meleana Chaturvedi and Aaryana Pathak. orcid:0000-0002-2750-8483 (Shubham Pathak). ; Natural disasters have been a significant hurdle in the economic growth of middle-income developing countries. Thailand has also been suffering from recurring flood disasters and was most which are severely affected during the 2011 floods. This paper aims to identify the various factors that impact the speed of disaster recovery among the Small and Medium Enterprises (SMEs) severely affected by the floods in Pathumthani province in central Thailand, and how it is related to its speed decision of neighbours SMEs. The methodology adopts a spatial econometric model, to analysis and understand each of the chosen factors' impact. The findings include the impact of disaster resilience, mitigation and planning at the SME level as well as the government level. The absence of accurate perception of actual risk, flood insurance and disaster management planning before the 2011 floods had contributed to the severity of the impacts during the 2011 floods.

The sustained current account deficit in any country has an important implication for policy. If it continues, then it suggests that the regime ought to have no motivation to avoid or to diminish its international debt. In this paper, we test empirically the relationship among current account deficit and different macroeconomic variables by using panel Logit model. Therefore, we focus on the MENA countries during the years of 1980-2017. We built an econometric model to analyse the contribution of the real GDP, unemployment rate (UR), consumer price index (CPI), export growth rate (EGR), import growth rate (IGR), public expenditures (PE), and foreign trade rate (FTR) on current account deficit (CAD). We established that only the following exogenous variables: GDP, UR, PE and FTR have a positive and significant effect on the current account deficit. This outcome may support governments to identify the best time for investment and business strategies by observing the evolution of the performance of higher temporal hierarchy industries. ; El déficit sostenido de la cuenta corriente en cualquier país tiene una implicación importante para la política. Si continúa, sugiere que el régimen no debería tener motivación para evitar o disminuir su deuda internacional. En este artículo, probamos empíricamente la relación entre el déficit de cuenta corriente y las diferentes variables macroeconómicas mediante el modelo de panel Logit. Por lo tanto, nos centramos en los países MENA durante los años 1980-2017. Construimos un modelo econométrico para analizar la contribución del PIB real, la tasa de desempleo (UR), el índice de precios al consumidor (IPC), la tasa de crecimiento de las exportaciones (EGR), la tasa de crecimiento de las importaciones (IGR), el gasto público (PE) y la tasa de comercio exterior (FTR) sobre el déficit de cuenta corriente (CAD). Establecimos que solo las siguientes variables exógenas: PIB, UR, PE y FTR, tienen un efecto positivo y significativo en el déficit de cuenta corriente. Este resultado puede ...

Purpose – The aim of this study is to quantify the effect of location on rental housing prices in the city of Athens. Theoretical framework – The right to adequate housing is a fundamental human right defended by democratic societies. Therefore, it is of interest to examine housing tenures for both owned and rented accommodation. Design/methodology/approach – Geostatistical methods (regression-kriging) were used to obtain the results, which are represented on an isovalue map of rental housing prices displaying the minor and major effects of location by zone. Findings – This study highlights the impact of location on rental housing prices by showing how the rent of a standard dwelling in the city of Athens varies depending on its location. Research Practical & Social implications – The main social implications of this work is it helps investors determine where to direct investments and it assists public authorities in deciding where to focus urban management policies, in order to control the undesirable effects of an excessive rise in rents caused by tourism. Originality/value – The main originality of this paper lies in its isovalue map of rental housing prices for standard dwellings, which can also be interpreted as a locational isovalue map.

AbstractNumerous studies have considered the economic impact and political influence of privatization. However, the theoretical approaches previously applied to model privatization, whether economic or political, have not obtained robust results. To address this question, we present a new political approach, based on mimetic isomorphism, which enables us to more accurately define the relationship between privatization, political theory and economic aspects. This new focus, termed political mimetic isomorphism, hypothesizes that the privatization of public services is influenced by an imitation effect between neighboring municipalities that share a common political ideology. In our study, this approach is applied, using geostatistical tools and logistic regression analysis with spatial variables, to a sample of municipalities that privatized their water and/or waste collection services during the period 2014–2019. The results obtained demonstrate the validity of the theoretical model of political mimetic isomorphism and show that this factor exerts a stronger influence on privatization than certain economic variables.

Part 1: Creative Designs for Sustainable Architecture -- Part 2: Creative Industries and Cultural Heritage Preservation in the Context of Sustainability -- Part 3: Integrating Creative Design in Urban Planning: Technology, Sustainability, and Human-centered Solutions.