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Theoretical and Applied Economics
No. 1 / 2017 (610), Spring

Human capital and collegiality in academic beehives: Theory and analysis of European Economics faculties

João R. FARIA
University of Texas, El Paso, USA
Franklin G. MIXON, Jr.
Columbus State University, Columbus, USA
Kamal P. UPADHYAYA
University of New Haven, West Haven, USA

Abstract. This study investigates the importance of the quality of human capital investment and collegiality (i.e., good colleagues) in achieving the type of acclaim in economics captured by receipt of the Yrjö Jahnsson Award, arguably the second-most prestigious award that a European economist can receive as recognition of the importance of his or her research endeavors. We provide an economic model as a foundation for both qualitative and quantitative analyses. Our results indicate that four institutions, namely the Toulouse School of Economics, University College London, University of Oxford and the London School of Economics generally rank highest in supporting a position of acclaim among academic economics faculties in Europe.

Keywords: economics research; human capital formation; collegiality; scientometrics; Yrjö Jahnsson Award.

Contents

1

Bankruptcy prediction logit model developed on Romanian paired sample

Daniel BRÎNDESCU-OLARIU

2

The impact of financial risks on economic growth in EU-15

Ionuţ JIANU · Laura-Mădălina PÎRȘCOVEANU · Maria-Daniela TUDORACHE

3

Unemployment convergence analysis for Nordic countries: Evidence from linear and nonlinear unit root tests

Burak GÜRIŞ · İpek M. YURTTAGÜLER · Muhammed TIRAŞOĞLU

4

Inflation targeting and volatility: Panel evidence

Zied SAYARI · Rima LAJNAF

5

Economic structure of educational process and its implications for the higher education reform

Serguei MIKHAILITCHENKO

6

Sustainability of social security systems in EU countries: Panel cointegration analysis with multiple structural breaks under cross-sectional dependence

Ismet GOCER · Halim TATLI

7

The evolution of corruption and its current state – A case study on Romania

Ciprian ROTARU · Raluca GEORGESCU · Dumitru-Alexandru BODISLAV

8

Exports in the European Union sub-models. Determinants and performances

Alina ARSĂNI · George ȘTEFAN · Anca PARASCHIV-GHERMAN

9

Growth and distribution of microfinance in India: A panel data analysis

S. SARAVANAN · Devi Prasad DASH

10

Human capital and collegiality in academic beehives: Theory and analysis of European Economics faculties

João R. FARIA · Franklin G. MIXON, Jr. · Kamal P. UPADHYAYA

11

An empirical assessment of fiscal sustainability for selected South Asian economies

Shruti SHASTRI · A.K. GIRI · Geetilaxmi MOHAPATRA

12

The determinants of stock prices: Evidence from the Turkish banking sector

Arif SALDANLI · Mücahit AYDIN · Hakan BEKTAŞ

13

Job complexity and wage bargaining

Samir AMINE

14

Macroeconomic models used in structural analysis of GDP

Constantin ANGHELACHE · Alexandru MANOLE · Mădălina-Gabriela ANGHEL

15

On the life and death of distance

Orestis VRAVOSINOS

16

Vectors of economic growth in the eastern area of the EU

Cătălina MOTOFEI

17

Performance management in the context of globalization

Roxana-Lucia MIHAI · Irina Florentina BĂJAN · Alina CREŢU

18

Financial development, trade openness and economic growth in MENA countries: TYDL panel causality approach

Hicham AYAD · Mostéfa BELMOKADDEM

19

The vulnerabilities of the gas supply system of the Republic of Moldova in the context of its energetic security

Iulian VIȚĂ · Cristina Elena NICOLESCU

20

A formal look at the negative interbank rate

Gerasimos T. SOLDATOS

21

Informatic system for identifying and evaluation of the environmental aspects and waste products management

Rodica BUCUROIU · Marius Gabriel PETRESCU

22

Regulation versus regulated monopolization of a Cournot oligopoly with unknown cost

Ismail SAGLAM

23

Banking Union framework and the stability of the European Banking sector

Andrei HREBENCIUC