We analyse the dynamics and evolution of the corporate restructuring process in the Portuguese banking sector, where 10 banks were privatised during the period 1989–1996. We apply a novel methodological approach in this context, using a multidimensional measure of restructuring that links...

We examine corporate restructuring following privatization using uncommonly rich data on the population of Portuguese …firms from 1991-2009. We …find that privatization leads to sizable job losses, reflecting reductions in both the number of establishments and in the number of workers per...

type="main" xml:id="ecot12038-abs-0001" <title type="main">Abstract</title> <p>We examine the effects of private vs. public ownership on the level and structure of employment using uncommonly rich data on the population of Portuguese firms from 1991 to 2009. We find that private ownership is associated with sizeable job...</p>

In many countries wages are set in two stages, where industry-level collective bargaining is followed by firm-specific arrangements determining actual paid wages as a mark-up on the industry wage floor. What explains the wage set in each of these stages? In this paper we show that both the...

We show that any quasi-polynomial invariant of a quasi-polynomial dynamical system can be transformed into a quasi-polynomial invariant of a homogeneous quadratic Lotka–Volterra dynamical system. We show how this quasi-polynomial invariant can be decomposed in a simple manner. This...

We employ the Lévy sections theorem in the analysis of selected dollar exchange rate time series. The theorem is an extension of the classical central limit theorem and offers an alternative to the most usual analysis of the sum variable. We find that the presence of fat tails can be related to...