The current world is more and more globalized, with the competence level enhancing day by day and the enterprises having to be prepared to give positive answers to the questions proposed to them. Being prepared to face different kinds of situations is the biggest challenge of their leaders. An...

We estimate changes in fiscal policy regimes in Portugal with a Markov Switching regression of fiscal policy rules for the period 1978-2007, using a new dataset of fiscal quarterly series. We find evidence of a deficit bias, while repeated reversals of taxes making the budget procyclical....

We applied count-data travel cost methods to a truncated sample of visitors, to estimate the average CS per each day of visit of an individual, visiting the Peneda- Gerês National Park to enjoy their natural facilities for recreation purposes. As the recreation demand was measured in number of...

The aim of this paper is to estimate the joint impact on the distribution of household income and poverty of the implementation of two major anti‐poverty measures in Portugal: the “Solidarity Supplement for the Elderly” (CSI) and the “Social Integration Income” (RSI). These two...

Hunting and game-preservation are interrelated: hunting must respect the intentions of game-preservation, and game-preservation must rely on hunting as one method to achieve its intentions. HASENKAMP (1995) applied the Economic Theory of Common Resources to the problem to provide conclusions...

Considering the case of Portugal over the period 1995-2000, this paper analyses whether the location of market services is explained by the geographical proximity of the industrial sectors that use these services as intermediate inputs. A rather detailed level of regional disaggregation is used,...

This paper deals with the location of input supply in a two country spatial economy. A duopoly supplies intermediate goods to a perfectly competitive consumer good industry that operates with a quadratic production function inspired in PENG, THISSE and WANG (2006). Since the consumer good is...

This paper presents a model of the economy that explains the economic bubbles, based on bank credit, debt service and risk. In the first period of the model, banks offer too much credit seeking to maximise their expected profits. The excessive debt created in the boom period generates, in the...

This paper examines day of the week and month of the year effects in seventeen European stock market indexes in the period 1994-2007. We discuss the shortcomings of model specifications and tests used in previous work, and propose a simpler specification, usable for detecting all types of...