This paper extends the neoclassical growth model with natural capital by introducing two new concepts: allocation of natural capital and materialization. We consider that anthropogenic environmental impact is correlated with the throughput of the economy (materialisation). Materialisation is the...

Abstraindo-nos dos inegáveis e inquestionáveis benefícios sociais e políticos da democracia, esta apresenta efeitos de natureza económica que importa também estudar. Uma das mais importantes vias de transmissão de efeitos por parte da democracia à economia prende-se com a existência de...

The recent controversy over the excessive deficit procedure in Germany and France has reopened the discussion over the long run sustainability of fiscal policies. This paper tests the hypothesis of stainability in a group of six EU countries, with an econometric methodology allowing the...

The agro-silvopastoral system ?montado? dominates the landscape of the south-western Iberian Peninsula, occupies approximately 3.1 million hectares of woodland in Spain and 1.2 million hectares in Portugal. The forest system ?montado? is mostly dominated by Mediterranean evergreen oaks such as...

The objective of this paper is to estimate the impact of carbon dioxide emissions from fossil fuel combustion activities on economic activity in Portugal in order to evaluate the economic costs of policies designed to reduce carbon dioxide emissions. We find that energy consumption has a...

In this paper we propose a general framework to deal with the presence of covariate mea-surement error in endogenous stratifield samples. Using Chesher?s (2000) methodology, we develop approximately consistent estimators for the parameters of the structural model, in the sense that their...

The main objective of this paper is to present the peculiarities of rural properties evaluation, to clarify some important aspects and to explain a simple methodology to evaluate the compensation due to rural property owners? for land expropriation and for rights-of-way.

Os recursos humanos são um elemento essencial no desenvolvimento territorial. Quando os mesmos se caracterizam por um nível de formação elevado são potenciadores de uma série de efeitos que se revelam fundamentais no binómio coesão territorial-coesão social. Neste aspecto, a existência...

In this paper we propose a general framework to deal with datasets where a binary outcome is subject to misclassification and, for some sampling units, neither the error-prone variable of interest nor the covariates are recorded. A model to describe the observed data is for-malized and eficient...