Third issue: Volume 2, Number 1 is available

Third issue: Volume 2, Number 1 is available

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Third issue available

Revista del Ciclo Económico ©

e-ISSN: 2718 – 8760

Volume II Number 1


Full issue, click here to download it

Articles, click on the red header of each article to download it


1. Remittances and Labour Productivity in Sub-Saharan Africa

Authors: Koffi, Yves Yao (Felix Houphouët Boigny University, Abidjan, Côte d’Ivoire), and Auguste, Konan Kouakou (Economics and Management Department, Jean Lorougnon Guédé University, Daloa, Côte d’Ivoire)

Abstract: This paper analyzes the effects of remittances on productivity in Sub-Saharan Africa between 2000-2017. We estimate our models by the Quasi-Maximum Likelihood Fixed-Effect and the Panel Corrected Standard Errors method. We find that remittances affect positively both aggregate and sectoral productivity, but more prevalent on agricultural sector, where there is an urge proportion of poor people. They therefore contribute to generalized and inclusive growth. These results are consistent with previous studies except for the consideration of sectoral development. Moreover, these funds not only optimize the capital-labour mix but also intersectoral mobility of labour, underlining its positive impact simultaneously on all sectors of activity. Our results suggest that attracting remittances generates significant economic benefits. However, it would be more beneficial and responsible for governments to leverage on the positive impact profiles of these funds through the implementation of local policies and financing strategies to avoid dependence on emigration and foreign assistance.


2. Les technologies de l’information et de la communication et vente des produits agricoles au Togo : une analyse de l’efficience par la frontière stochastique

Author: Aleki, Esso-Etona Athanase (Ingénieur Statisticien Economiste. Ministère de l’Economie et des Finances (MEF-Togo).

Abstract: The objective of this article is to measure the level of efficiency of the acquisition cost of information and communication (ICT) and the number of ICTs that a farmer possesses in his production process to reach a maximum amount of sales of agricultural products and to determine the explanatory factors for its inefficiency. This measurement is made from a stochastic efficiency frontier estimate using the parametric approach to estimate the efficiency level from a Cobb-Douglas function. The study is based on four hundred and sixty-six (466) independent farmers in Togo who made sales of agricultural products in 2015. The main results of the analysis show that the average efficiency is around 42,2% and there is a waste or inefficiency of factors (ICT acquisition cost and number of ICTs) of 57,8%. The cost of acquisition and the number of ICTs of the farmer respectively have a positive and negative effect on the sales amount of the farmer. The empirical results of the estimation of efficiency scores by the “Tobit” model reveal that the age and the level of education have a significant impact at the 5% and 10% threshold of the inefficiency of the farmer’s technique.


3. The Earnings of workers by their Fields of Choice in Trinidad and Tobago

Author: Roshnie Doon, (PhD. in Economic Development Policy, The University of the West Indies, St. Augustine, Trinidad and Tobago)

Abstract: This study examines the impact that workers’ field of study or choice, may have on his earning capacity in Trinidad and Tobago. Using individual persons’ data from the Continuous Sample Survey of the Population (CSSP), for the period 1991-2015, the returns of private and public sector workers is estimated by employing the Quantile Regression technique. This study finds that the wage returns of workers in most fields under examination have worsened during 2004-2015. Workers employed in low-, and high-income jobs for most fields such as science, engineering, and architecture, benefitted from better returns in 2004-2015, when compared to other fields in the social sciences such as business. While the returns of middle-income workers in most fields declined in 2004-2015. This outcome may be due to changes in the skill set of workers, industry demand, digitalization of the labor market, and the intensification of both Skilled Biased Technical Change (SBTC) and Job Polarization.


4. Between the theoretical contribution and the supplementary paradigm: A debate on the space of the Economic Latina American Commission (ECLAC) in its first decades

Author: Mariano Arana (MSc. in Economic Policy, FLACSO, UNGS, Universidad Nacional de General Sarmiento)

Abstract: The present work studies a part of the historiographic production linked to the ECLAC “school” within the state of knowledge in Political Economy. The problem of the scope of thought around ECLAC during those years appears in relation to several approaches that throw different images regarding its theoretical production, its school unit and its political space, among the most relevant. In the first place, we find in ECLAC a unity and theoretical coherence, whose approach is of a “school” type. Second, there are those positions that qualify the scientific production of ECLAC, either by action (absence of studies on social relations) or omission (exclusion of their contributions in the treaties on development). Finally, it is pointed out as a way of thinking that has dominated in the region while carrying out the paradigm of “modernization” and breaking with the traditional ways of studying Latin American realities. This work is framed within the history of Latin American economic thought and its objective is to relate ECLAC’s historiography on Political Economy with the search for elements and links for the construction of the debate on its institution.


5. Consumer Behaviour During COVID19 in Azerbaijan

Author: Nijat Hacıyev (BSc. in Marketing , ASOIU, Azerbaijan State Oil and Industry University)

Abstract: The present work studies a part of the historiographic production linked to the ECLAC “school” within the state of knowledge in Political Economy. The problem of the scope of thought around ECLAC during those years appears in relation to several approaches that throw different images regarding its theoretical production, its school unit and its political space, among the most relevant. In the first place, we find in ECLAC a unity and theoretical coherence, whose approach is of a “school” type. Second, there are those positions that qualify the scientific production of ECLAC, either by action (absence of studies on social relations) or omission (exclusion of their contributions in the treaties on development). Finally, it is pointed out as a way of thinking that has dominated in the region while carrying out the paradigm of “modernization” and breaking with the traditional ways of studying Latin American realities. This work is framed within the history of Latin American economic thought and its objective is to relate ECLAC’s historiography on Political Economy with the search for elements and links for the construction of the debate on its institution.


6. Evaluation of Employee’s Perspectives on Internal and External Motivation Techniques: Within the Scope of Different Companies 

Author: Ibrahim Nasibli (MA (c), Istanbul University, Turkey)

Abstract: Motivation is one of the most important facts that shape human relations. The common goal of all businesses, institutions, and organizations, regardless of their type, is to concentrate people’s efforts towards achieving the goal. The data were applied twice within the same institution using the test-retest method. The collected data were analyzed using the SPSS 17 program. According to the results of the study, it was seen that financial incentives are necessary but not sufficient on their own. It has been determined that the expectations of the managers about the application of internal and external motivation tools are higher than the managers. In addition, it has been concluded that performance management, career development, working environment and skill development opportunities, displaying the values that managers give to employees, and giving appropriate responsibilities to the employees have a positive effect on motivation, while the mobbing factor has a negative effect.