Vol I Nº 2

Revista del Ciclo Económico ©, [trans. The Journal of Business Cycles ©]

Volume I. Number 2. 

The second issue is now available.

Click here to download the «Entire Number».

Click on the «Document Title» to download each one.

The following papers has been published:



Authors:  Mammadova, Gahira,  and Flora Alasgarva. Azerbaijan Tourism and Management University.

Abstract: In the globalizing world tourism is a lucrative part of the economy. It makes a great contribution to the budget of most countries. The experience of Turkey, Spain and other countries that make revenues from tourism also shows that it is impossible to rapidly develop tourism without state support at the stage. Tourism now has global importance; it regulates social economic relations, creates reciprocal ties between nations, and expands business. Azerbaijan should not lag behind in this development, because the country has all the natural and geographic potential of a tourist destination. Azerbaijan enjoys nine of the world’s 11 climate zones, adding to the range of destinations on offer. Laws “On the attraction of foreign investments into the country” and “On the repatriation of funds”, the state program for socio-economic development and other important state documents help in the development of tourism. Azerbaijan has great potential for the development of the tourism industry – with such fascinating sights as ancient cities, palaces, fortresses, mausoleums, and mosques. The paper will explain that how different climate zones in Azerbaijan create possible opportunities for developing all types of tourism and how tourism industry can help to increase Azerbaijan economy and its regional development.



Author: Agil Valiyev. Azerbaijan Tourism and Management University, Azerbaijan.

Abstract: In terms of the world, the concepts of development and development and the road to these concepts undergo significant changes. In this process, in parallel with the increasing importance of regional potential, the importance of knowledge in global sense is increasing. Innovation-oriented initiatives and entrepreneurs are important to cope with unemployment and to increase employment power at the global level. For this reason, the need for change has arisen towards the organization of the university, only to carry out education and training or research activities. In this regard, universities are seen as places where knowledge is produced. In addition to the production of knowledge, universities are now becoming places where knowledge is commercialized, and has commercial roles as a result of patenting and branding. It is seen that universities are moving towards a model that tries to take a more place in the market, gain profit as a result of their activities, and take into account the demands of the market, in addition to their classical education, training and research roles. The «Entrepreneurial University Model», which enables the redefinition of the relationship between University-Industry and State in the Triple Helix model, was developed in line with this need. In this study, besides the concept of entrepreneurial university, the main features of this model, as well as, platforms for innovative teaching technologies have been compared. At the same time, the effectiveness of innovative tools for the University of Entrepreneurship has been explored in different country approaches.



[trans. Burkina Faso’s Producers in Fani dan Faso (FDF) Facing FDF’s Dress cloth Labeling]

Author: Théodore Nikiema (Jean Moulin Lyon III University, France) and Oussani Illy (Université Thomas Sankara, Burkina Faso).

Abstract: The local production of Faso Dan Fani has long suffered from counterfeiting both on the local, regional and international markets and this is at the origin of several complications, namely the decline in local cotton processing, the drop in incomes of actors in the production chain, the depreciation of product quality and consumer mistrust. The objective of this study is to verify whether FDF labeling can be used as an adequate solution to the problem posed, to take the opinions of the players in the sector in relation to the labeling process in progress and to propose recommendations for implementation. To do this, we carried out a bibliographical review in order to highlight the conditions for the success of a labeling process, we then carried out a survey of associations of FDF loincloth weavers in order to obtain their opinion on the subject. Our research shows the existence of points of divergence between the public authorities (regulatory authority for the label) and FDF producers. This means that a ground of waiting between the stakeholders must be found with regard to the points of divergence in order to perpetuate the label in a long time. In addition to this, we noted the existence of a weak relationship between the production of loincloths and the turnover of the weaving associations and this should improve with the establishment of the label. Finally, we conclude on the fact that the adoption of the label by the associations, even if it could improve the turnover of the latter in the short or the medium term by reducing the phase difference between the production time of loincloths and that of their sale, is not necessarily synonymous with an increase in the quantities of loincloths produced. Thus, in the long term, actions should be carried out by associations (improvement of production capacities through the industrialization of production units, strengthening of the production capacities of weavers, specialization in production, etc.) to achieve produce as quickly as possible if they intend to make more turnover.



Author: Keshab C. Mandal. Vidyasagar University, India.

Abstract: India, the largest democracy and the second most populous country, is an upcoming superpower with more than two and a half trillion dollar economy. It is also the fastest growing major economy in a world plunged into a recession by the corona virus pandemic. Dire poverty, hunger, illiteracy etc. are no longer major causes of concern before the country. India’s defense, science and technology, research and innovation have reached to a new height in recent past. Despite all these achievements, India lags behind 130 countries in Human Development Index as is evident from the latest Human Development Report. Thus the story of India’s development and growth remains an enigmatic to a large extent. What holds India back? Therefore, with a view to examining the actual position of India, and finding out the problems standing in the way of attaining Sustainable Development Goals a research study was undertaken. This article presents the results of the study; highlights the issues and challenges; and finally provides some policy prescriptions for achieving the global goals.



[trans. Pension reforms and income inequalities among private sector workers in Ivory Coast]

Author:  Arthur C. Ouattara, ENSEA, Ivory Coast.

Abstract: The objective of this work is to analyse the impact of the 2012 pension reforms on inequalities among private sector workers in Ivory Coast. Based on the 2015 household survey, a neighborhood effect impact assessment modelling was implemented. The results show that the 2012 pension reform increased inequalities among private sector workers with a variation in the Gini Index of +1.3%. Although these reforms have had the merit of restoring the financial balance of the Social Security Institutions, they have not achieved their social objective of reducing inequalities. Therefore, in the formulation of any new pension reform, it must be necessary to take inequalities into account in order to avoid any negative consequences that might be induced.