El documento arrojó luz al analizar la eficiencia del apoyo financiero del gobierno pe-ruano en comparación con algunos países de la región de América Latina y del mundo. La Pandemia del Covid 19 obligó a los gobiernos a aplicar el “Golpe de Martillo” que afectó negativamente a la economía produciendo recesión y desempleo. Los gobiernos compensan este último efecto aplicando políticas de subsidio a los pobres y luego reducen las consecuencias económicas negativas del confinamiento general sin contraer el COVID. Nuestro estudio realiza un Modelo de Diferencias y Diferencias (DID) para evaluar la efectividad de esta última política.

This paper sheds light on the effect of bidding recent private pension funds on fees and competition. In order to accomplish the latter result, we used panel data of ten Latin American countries organized in quarters from 2005-2015. The reform of the private pension system in some countries in the region allows for the implementation of a mechanism of auctions on fees to capture new members. The objective of this mechanism was to drop fees and promote competition. We concluded that the effect on fees is successful since fees dropped while the effect on competition is ambiguous according to our panel data model and the measurement of efficiency. Results are relevant to regulate policies in the market of precautionary savings

The following paper discusses the advantages and disadvantages of implementing a Witness System of Market Prices, system that would solve the problem of overvalued shopping in a reverse auction scheme within countries of Latin America. In this paper we present cases of Witness Prices System that have been applied in countries of the region such as Argentina and Colombia. From the latter experience in Argentina and Colombia, we propose a guideline that can be applied in other countries in the region.

The following study attempts to examine the relationship between consumer preferences and expenditure in a Structural Equation Model (SEM) framework. We use data from a survey applied in an emerging country like Peru. There were 6 772 respondents classified by sex, country of residence, education level, and age. The foreign respondents specified their motives and preferences to travel as well as money spent. The SEM technique permit to find a relationship between the latter variables. This assessment is relevant for tourism policymakers since it will help to find the main drivers of expenditure by foreign visitors within an emerging country. Our study permitted us to identify the motives to visit: leisure, business and education, and others as main drivers of touristic expenditure.

The paper shed the light in analyzing the efficiency of Peruvian Government Financial Support in comparison with some countries in the Latin American Region and worldwide. The Covid 19 Pandemic enforced governments to apply the “Hammer Blow” which affected negatively the economy producing recession and unemployment. Governments offset the latter effect by applying subsidy policies to the Poor and then reduce the negative economic consequences of the general lockdown without getting COVID. Our study performs a Difference and Difference Model (DID) to evaluate the effectiveness of the latter policy.

We introduce the issue 49th of the Journal of Economics, Finance and Administrative Science with the articles presented in the English version, according to the requirement of the most prestigious databases. The first paper, “Model for assessing the quality of marketing-management education”, analyses a model that incorporates resource-capability variables linked to learning outcomes for students and the competitive positioning of universities. The article proposes some policies to university marketing teachers in designing high-quality marketingmanagement educational programs and in developing self-diagnostic tools that allow a better performance of the university. The next article, “Dimensions of tax burden: A review on OECD countries”, aims to examine how the changes in some macroeconomic indicators affect the tax burden. The authors used a panel data analysis method, based on...

We would like to introduce the 48th issue of the Journal of Economics, Finance and Administrative Science. It is the second issue of the year, and it counts ten articles, according to the requirements of the most prestigious international databases. The first article, “Uncertainty under hyperbolic discounting: the cost of untying your hands”, proposes a finite horizon model that is readily generalized to include risk and uncertainty on future income within a hyperbolic discounting framework. It provides evidence that workers are vulnerable to contract renegotiations and about the need for a regulator that restores ex-ante efficiency. The article is relevant, as it has measurable implications when analysing commitment or self-control, adherence to healthy habits (e.g. exercising or dieting), procrastination tendencies or savings. Then, “Fractional differencing in stock market price ...

We would like to present the 47th issue of the Journal of Economics, Finance and Administrative Science, the first issue of 2019. Our journal is now receiving the best rating of citations according to the Scielo database, which locates it in the 88th percentile. According to new requirements for journals indexed in prestigious databases, we have increased the number of papers starting in this issue. The first article, entitled “The determinants of conventional banks profitability in developing and underdeveloped OIC countries” investigates the effect of internal and external variables on the profitability of conventional banks operating on developing and underdeveloped countries, the Organization of Islamic Cooperation (OIC) states. Doi:  https://doi.org/10.1108/JEFAS-06-2019-128