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The COVID-19 pandemic has disrupted trade and global value chains. Small open economies such as Portugal are … under-utilized export opportunities for Portugal. We use the large UN-COMTRADE and CEPII BACI data sets to which we apply …
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We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle between the stakeholders about the ultimate...
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