The interaction of volatility between the financial markets and gold market is analyzed. The volatility of the price of gold in euros, the price of gold in dollars, the U.S. industrial production índex, the S&p500 index, the VIX índex and the PSI20 index for a time horizon between January 1993...

As a result of the transition to monetary stability, we analyzed the real effort rate with the debt service for Portugal in a context of a decrease in nominal interest rates. Monthly time series data from January 1991 to September 2013 were used. The UECM of the ARDL model was applied which...

The relationship between stock market development and domestic product are tested for Portugal in a fast economic transformation period (1993-2010). Dynamics are analyzed using a VAR model through Granger causality tests, variance decomposition and impulse-response function. Results show that...

Our study presents a new perspective of the nexus of causality between energy consumption and economic growth, controlling for exports of goods and services, employment, oil revenues, inflation and the self-sufficiency. The analysis covers a set of 14 oil producing countries from a diverse...

The oil consumption-economic growth nexus is examined in a panel of oil producing countries over a long time span (1965-2012). Both, the ratio of oil production to primary energy consumption, i.e. oil self-sufficiency, and the persistence of the second structural oil shock were controlled for....

This paper examines how renewables (special regime) simultaneously interact with conventional sources (ordinary regime), within the Portuguese electricity generation system. There is also an appraisal of the relationship between these two regimes and economic activity, using the industrial...

The relationship between stock market and economic growth is tested for Portugal (1993–2011), which is a small open economy dependent on bank financing. The relationship between economic growth and bank financing is also appraised. Using Vector Autoregressive (VAR) modeling, Granger causality,...

In renewables, namely wind power, the evidence of discrepancy between the installed and the used capacity needs to be studied in depth. The wind idle capacity is analysed, through panel data techniques, for a set of 18 European countries for the time span 1998–2011. Notwithstanding the...

The paper examines the nexus between primary energy consumption and growth in Portugal, Italy, Greece, Spain and Turkey (PIGST), with annual time series data, from 1965 to 2009. PIGST are southern European economies which have experienced several episodes that make them of particular interest to...

The interactions between electricity generation sources and industrial production in Greece were analysed from August 2004 to October 2013. Greece has been subject to a tough economic adjustment under external financial assistance guidelines. In the meantime, the country has remained committed...