We use wavelet tools and Economic Sentiment Indicators to study the synchronization of economic cycles in the Euro Area. We assess the time-varying and frequency-varying pattern of business cycles synchronization in the Area and test the impact of the creation of the European Monetary Union in...

This paper presents a survey of literature on the `resource curse', a puzzling empirical result that associates natural resource riches with lower economic growth. We show the main theories that attempt to explain the curse ? ranging from the structuralist theses of the 1950s to recent and more...

Since the end of the 80s, many studies have been brought on money laundering.The world has soon realized that not dispossessing criminals from their incredible economic resources can lead to ineffi ciency of the repressive instruments of modern societies, such as confi nement, bringing justice...

A comercialização da investigação feita pelas universidades e institutos de investigação públicos e privados é vista como elemento chave do empreendedorismo, justificando a busca por uma melhor compreensão do processo empreendedor dentro daquelas instituições. Apesar dos esforços...

We consider a version of the intertemporal general equilibrium model of Cox et al. (1985a) with a single production process and two correlated state variables. It is assumed that only one of them, Y2, has shocks correlated with those of the economy's output rate and, simultaneously, that the...

In recent years we witnessed an impressive advance in the social networks field, which became a "hot" topic and a focus of considerable attention. Also, the development of methods that focus on the analysis and understanding of the evolution of data are gaining momentum. In this paper we present...

Existing studies on the motion picture industry tend to explore demand for cinema films focusing only on a single country, aiming to assess the probability of a movie’s success. This means that the determinants of consumer demand, from a cross-country perspective, are relatively unexplored....

We derive a closed-form solution for the price of a European call option in the presence of ambiguity about the stochastic process that determines the variance of the underlying asset's return. The option pricing formula of Heston (1993) is a particular case of ours, corresponding to the case in...

This article analyses the contribution of E3 models to fully understand the complex relationship between the environment, economics and the energy sector. We present a survey of the literature on these models, analyzing the assumptions, features and scope of the main kinds of methodological...

Using a longitudinal database (1996-2003) at the plant level, this paper aims to shed light on the causal nexus between international trade engagement and productivity in Portugal. We analyse in particular the learning-by-exporting hypotheses. In line with recent empirical literature, we apply...