https://revistas.udc.es/index.php/ejge/issue/feedEuropean Journal of Government and Economics2023-12-05T13:29:34+00:00Jose Manuel Sanchez-Santosejge.journal@udc.esOpen Journal Systems<p>The <strong>European Journal of Government and Economics</strong> (<strong>EJGE</strong>) is an<strong> international academic journal</strong> for peer-reviewed research on all aspects of <strong>government</strong> and <strong>economics</strong>. <strong>EJGE</strong> is particularly interested in current issues regarding the interrelationship between the fields of government and economics, from the role of government and institutions in the economy to the economic analysis of policymaking. It is also interested in questions directly or indirectly related to Europe.</p> <p> </p>https://revistas.udc.es/index.php/ejge/article/view/ejge.2023.12.2.9541Reviving Social Europe: a critical assessment of EU social policy in the wake of multiple crises2023-12-05T13:29:34+00:00Adrian Hawleyadrian.hawley@rhul.ac.uk<p>The concept of "Social Europe" encompasses the European Union's social policy framework. This paper argues that the financial crisis of 2007-2009, the subsequent Euro crisis, and the ensuing austerity measures diverted significant attention away from Social Europe. This neglect led to declining living standards, reductions in public services, and the emergence of critical challenges such as the gig economy. In recent years, the COVID-19 pandemic has further exacerbated these issues, prompting a renewed focus on Social Europe by EU institutions. This paper conducts a chronological analysis of recent legislative (<em>acquis</em>) and non-legislative (soft power) instruments implemented to address these challenges and assesses the prospects of Social Europe in the near term.</p>2023-12-05T00:00:00+00:00Copyright (c) 2023 Adrian Hawleyhttps://revistas.udc.es/index.php/ejge/article/view/ejge.2023.12.2.9600Unleashing entrepreneurial potential in transition economies: a comparative analysis of the impact of macro and micro policies2023-12-05T13:29:34+00:00Fadil Sahitifadilsahiti@yahoo.com<p>This study investigates the relationship between macroeconomic and microeconomic policies and entrepreneurial dynamics in two economies transitioning from planned economies to free markets, comparing them to a developed economy. Macroeconomic policies, despite not directly targeting entrepreneurship, significantly impact entrepreneurial dynamics. Conversely, microeconomic policies specifically aim to promote and enhance entrepreneurial activity. The analysis links policy quality to key entrepreneurial indicators: new firm creation, incumbent firm survival, and overall firm stock. Findings reveal that while transition economies often adopt entrepreneurship policies similar to developed nations, some remain country-specific. These policy variations manifest in distinct entrepreneurial dynamics across the economies.</p>2023-12-05T00:00:00+00:00Copyright (c) 2023 Fadil Sahitihttps://revistas.udc.es/index.php/ejge/article/view/ejge.2023.12.2.9960Has COVID-19 changed the correlation between cryptocurrencies and stock markets?2023-12-05T13:29:33+00:00Ines Abdelkafiines.abdelkafi@escs.usf.tnYoussra Ben Romdhaneyoussrabenromdhane@gmail.comSahar Loukilsaharloukil@windowslive.com<p>The COVID-19 pandemic has challenged the notion that cryptocurrencies are uncorrelated with traditional asset markets. This study uses VAR-OLS techniques to investigate the time-varying correlation between Bitcoin and three major European stock market indices from January 4, 2016, to February 26, 2021. Our results show that cryptocurrencies and stock markets are dependent during crisis periods, but not during non-crisis periods. This confirms the time-varying correlation between cryptocurrencies and stock markets, which depends on the extent and persistence of responses to own and cross shocks. To improve the robustness of our results, we also test the impact of government measures on Bitcoin and stock market indices and find that they are both affected by these measures. Our study adds to the literature by examining the impacts of pandemics on the correlations between Bitcoin returns and the stock market, oil, and gold index returns, which have so far been unaddressed.</p>2023-12-05T00:00:00+00:00Copyright (c) 2023 Ines Abdelkafi, Youssra Ben Romdhane, Sahar Loukilhttps://revistas.udc.es/index.php/ejge/article/view/ejge.2023.12.2.9850Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicators2023-12-05T13:29:34+00:00Jun Chenjunchen5284@gmail.comTalgat Yerzhanovtalgatyerzhanov@rambler.ruSvetlana ShcheglovaSvshcheglova@rambler.ruAnar Mirzayevanarmirzayev35@gmail.com<p>This study investigates the impact of privatization on the relationship between gross capital accumulation, employment, labor resources, government spending, and gross domestic product (GDP) in Commonwealth of Independent States (CIS) countries. Employing econometric analysis and cointegration evaluation, the study reveals that privatization has had a mixed impact on CIS economies. While privatization has contributed to increased capital accumulation and employment in some countries, it has also led to reduced labor resources and government spending in others. The study also finds that government spending is an indirect indicator of privatization efficiency that significantly influences GDP in Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Russia, Uzbekistan, and Tajikistan.</p>2023-12-05T00:00:00+00:00Copyright (c) 2023 Jun Chen, Talgat Yerzhanov, Svetlana Shcheglova, Anar Mirzayevhttps://revistas.udc.es/index.php/ejge/article/view/ejge.2023.12.2.9909Long-term relationship between investment and economic growth: a cointegration analysis of OECD countries2023-12-05T13:29:33+00:00Fisnik Morinafisnik.morina@unhz.euValdrin Misirivaldrin.misiri@unhz.euFitore Gashifitore.gashi@student.unhz.eu<p>This article investigates the impact of domestic investments on economic growth in OECD countries from 2000 to 2020. It identifies factors affecting economic growth and analyzes the relationship between domestic investments and economic growth using econometric models. Empirical data from the World Bank, IMF, and OECD reports supports the positive impact of domestic investments on economic growth in OECD countries. The study also finds a long-term causality between GDP and Gross Fixed Capital Formation (GFCF). These findings offer valuable insights into investment dynamics and their effects on economic growth, informing governments and policymakers in OECD countries.</p>2023-12-05T00:00:00+00:00Copyright (c) 2023 Fisnik Morina, Valdrin Misiri, Fitore Gashi