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Are There Political Cycles Hidden Inside Government Expenditures?

Castro, Vítor; Martins, Rodrigo - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2014

This paper examines the presence of political cycles inside the Portuguese governments’ aggregate expenditures by using annual data for 10 expenditure components. The results indicate that the choice of the expenditure components to be increased during election periods by Portuguese...

Persistent link: https://www.econbiz.de/10011084767

The Public Finance and the Economic Growth in the First Portuguese Republic

Ferraz, Nuno; Duarte, António Portugal - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2014

The end of the 19th century was marked by several events which were extremely important to Portugal. The consequences …

Persistent link: https://www.econbiz.de/10011208166

Does Voter Turnout Affect the Votes for the Incumbent Government?

Martins, Rodrigo; Veiga, Francisco José - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2013

This paper analyzes the effects of voter turnout on the vote shares received by the incumbent government. A system of simultaneous equations is estimated using a panel dataset of 278 Portuguese municipalities, for the period 1979-2005, covering 10 legislative elections. The results indicate that...

Persistent link: https://www.econbiz.de/10011208170

Convergence and Growth: Portugal in the EU 1986-2010

Simões, Marta; Andrade, João Sousa; Duarte, Adelaide - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2012

convergence period during which growth in the Portuguese economy accelerated and Portugal grew faster than the EU15/14 average … group average. After EU accession, Portugal benefitted from better macroeconomic policies (associated with the process of … performance in the first sub-period. However, Portugal continues to present low values for most growth indicators when compared …

Persistent link: https://www.econbiz.de/10010583561

Where Are the Fragilities? The Relationship Between Firms' Financial Constraints, Size, and Age

Carreira, Carlos; Silva, Filipe - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2012

Recessions and financial crisis increase financial constraints and disproportionally affect constrained firms. This paper investigates the differences in firms’ financial constraints between sectors using a cash to cash-flow rationale (Almeida et al., 2004) and a firm specific index of...

Persistent link: https://www.econbiz.de/10010576046

Human Capital and Growth in a Services Economy: the Case of Portugal

Simões, Marta C. N.; Duarte, Adelaide - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2013

The persistence of relative low aggregate income and productivity levels and performance in Portugal might be linked to … human capital and so the relatively low educational levels of the Portuguese workforce might have prevented Portugal from …

Persistent link: https://www.econbiz.de/10010834000

Is There Duration Dependence in Portuguese Local Governments’ Tenure?

Castro, Vítor; Martins, Rodrigo - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2013

This paper analyses the presence of duration dependence in Portuguese local governments’ tenure employing continuous and discrete-time duration analyses over a set of spells of time in office for the period 1979-2005. Our results show that the more time a party remains in office, the higher is...

Persistent link: https://www.econbiz.de/10010834011

A Política Orçamental em Portugal entre Duas Intervenções do FMI: 1986-2010

Marinheiro, Carlos Fonseca - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2013

), Portugal apresentou défices orçamentais persistentes. A combinação entre a consequente acumulação de dívida e a década de 2000 …

Persistent link: https://www.econbiz.de/10010834017

Turnout and the Modeling of Economic Conditions: Evidence from Portuguese Elections

Martins, Rodrigo; Veiga, Francisco José - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2012

This paper analyzes the impact of economic conditions on voter turnout at Portuguese legislative and municipal elections. We use four extensive datasets to estimate an economic turnout model in which local economic variables are included in quadratic form, so that non-linear effects can be taken...

Persistent link: https://www.econbiz.de/10010834019

Agriculture in Portugal: linkages with industry and services

Gaspar, João; Pina, Gilson; Simões, Marta C. N. - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2014

We investigate the links between agriculture and non-agricultural sectors in Portugal by assessing the existence of …

Persistent link: https://www.econbiz.de/10011153369