European Journal of Government and Economics 2019-07-24T15:58:55+00:00 Jose Manuel Sanchez-Santos Open Journal Systems <p>The European Journal of Government and Economics (EJGE) is an international academic journal for peer-reviewed research on all aspects of government and economics. EJGE 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.&nbsp; It is also interested in questions directly or indirectly related to Europe.</p> The evaluation index improvement for the relocation of research equipment 2019-07-24T15:58:55+00:00 Donghun Yoon <p>In this paper, evaluation index improvement for research equipment relocation is presented and discussed to boost the effectiveness of research equipment management. The analytic hierarchy process (AHP) model was designed for the evaluation index improvement for research equipment relocation, and the pairwise comparison scale was set up based on the importance of each evaluation criterion. The consistency rate (CR) was measured, and it was confirmed that the decision-making was reasonable. The improvement of the evaluation index was necessary for the objective and fair relocation of research equipment. Therefore, the evaluation index for the relocation of research equipment was designed for an objective and fair evaluation. It is hoped that the study findings will be very useful and will contribute greatly to the professors, researchers, and policymakers involved in science and technology policymaking and R&amp;D.</p> 2019-06-24T00:00:00+00:00 ##submission.copyrightStatement## Residents’ attitudes towards different tourist offers: Maldonado-Punta del Este conurbation (Uruguay) 2019-07-24T15:58:54+00:00 José Ramón Cardona Daniel Álvarez Bassi María Dolores Sánchez-Fernández <p><span lang="EN-GB">The study of residents' attitudes is fundamental for tourist destinations managers. Residents form their attitude towards tourism through a cost-benefit analysis based on their perception of tourism impacts. The objective of this paper is to analyse the relationship between the perception of the different types of impacts, the general attitude toward tourism and various types of tourism offer: sport tourism, maritime tourism, nature tourism and sun and beach tourism. The analysis of the data was performed using Partial Least Squares on a sample of 420 residents of the Maldonado-Punta del Este conurbation, interviewed in 2016. The strongest causal relationship is between general attitude and acceptance of sun and beach tourism, the traditional offer in the region. The main conclusion is that a more favourable attitude to tourism does not imply greater support for any type of tourism. It is not possible to generalize the support to tourism to any tourism project, and tourist destinations managers must take it into account.</span></p> 2019-06-24T00:00:00+00:00 ##submission.copyrightStatement## Social capital and banking system profitability: A survey of European Union countries 2019-07-24T15:58:53+00:00 Arash Nayebyazdi <p>Over the last years, the concept of social capital as a facilitator of economic activities has been a remarkable issue among economists. In this article, we study the impact of social capital on banking performance focusing on profitability in the European Union for period 2008-2016. Social capital indicators are applied in the model are "trust in others" and "fair behavior of others". We expect more profitable banks in societies with higher levels of social capital. According to the type of data, we apply GMM estimator to do more efficient estimations. We use auxiliary variables such as bank asset, capital adequacy, real interest rate, the cost to income ratio as micro variables, GDP and inflation are employed as macros. Our estimations point at a rejection of the main hypothesis. Opportunistic behavior and less social trust result in more profits for European countries. We justify the results in two ways. First, due to the 2008 financial crisis, trust in all institutions has decreased in European countries. The second reason concerns countries with low levels of social capital. The decrease of trust for the banking system is lower than for other institutions. Therefore, that sector may benefit is such circumstances.</p> 2019-06-24T20:14:11+00:00 ##submission.copyrightStatement## Governance and Domestic Investment in Africa 2019-07-24T15:58:54+00:00 Chimere Okechukwu Iheonu <p>The study empirically examined the impact of governance on domestic investment in 16 African countries with a balanced panel data set, between the years 2002 and 2015. The study employed six unbundled governance indicators from the World Bank, World Governance Indicators and constructed three bundled governance indicators using the Principal Component Analysis. The Driscoll and Kraay Fixed Effects model which accounts for serial correlation, groupwise heteroskedasticity and cross-sectional dependence were employed with empirical results revealing that all the indicators of governance positively and significantly influence domestic investment in Africa, except for government effectiveness which happens to be insignificant. Also, Voice/Accountability and the Control of Corruption exert more influence on domestic investment as indicated by their coefficient values. Furthermore, economic growth is also an important factor in explaining domestic investment in Africa. Policy recommendations are discussed.</p> 2019-06-24T17:56:34+00:00 ##submission.copyrightStatement## Economic Analysis of Supply Functions, Private Returns to Investment in Education and Skill Mismatch in Egypt 2019-07-24T15:58:53+00:00 Marwa Shibl Biltagy <p>Education provides good health, empowerment and employment to all people in the society. Accordingly, education can make a lifelong difference in individuals’ lives. It is proved that, on average, there is a positive relationship between each additional year of schooling and the income of an individual. The main objective of this paper is to estimate the demand and supply functions for schooling in Egypt using the data of the Egypt Labor Market Panel Survey 2012. It is estimated that the private rate of return to education is 4.5%. Moreover, the rate of return to the number of years of experience is 2.6%, i.e. each additional year of experience will increase the earnings of an individual by 2.6% on average. It is concluded that individuals from poor families have an increased likelihood of receiving financial aid, which decreases their discounting rate of interest.</p> 2019-06-24T18:30:01+00:00 ##submission.copyrightStatement## Give me liberty or give me money: the fiscal decentralization and autonomy of regional governance in Slovakia 2019-07-24T15:58:52+00:00 Jaroslav Mihálik Peter Horváth Martin Švikruha <p>The aim of this study is to focus on fiscal decentralization and regional financial autonomy in Slovakia. The public administration reform and fiscal decentralization process in Slovakia ought to increase the autonomy of the multi-level governance and to decrease its dependency on state budgeting and other transfers. We argue that regional territorial governance is greatly dependent on financial incentives from central state financing, which limits the expected effect of decentralization and regional fiscal autonomy. By collecting quantitative data on state transfers and revenues to regional governments we demonstrate the limits of spatial, financial and decision-making autonomy within particular regions. The selected time frame 2005-2016 reflects all stages, reforms and changes in the fiscal decentralization of the second level governance in Slovakia.</p> 2019-06-26T15:47:35+00:00 ##submission.copyrightStatement##