This paper analysis the vulnerability of the OECD member states to external shocks by estimating the degree of asymmetric effects from positive and negative shocks. We use asymmetric conditional heteroscedasticity models with endogenously determined regime changes in a context of progressive...

This article uses outlier detection procedures to investigate events that may have had a pronounced effect on tourism in Portugal. Interestingly, we confirm the evidence that the effects on tourism are lagged in time. As a result, expected business volumes are only attained later than originally...

This paper is concerned with examining the economic performance of the Portuguese regions Nuts III. In particular, it seeks to present empirical evidence about the degree of convergence in their economic performance since 1990 when regions became the recipients of the European Community...

This paper presents an empirical analysis of volatility in GDP real growth rates for Portugal over the period 1960-2010. The objectives of this paper are threefold: (1) to assess the occurrence of “the Great Moderation” in Portugal and identify the timings of volatility changes; (2) to...

This paper demonstrates that crude estimators can correctly identify statistically significant technical patterns in major index data. The introduction of intra-day prices significantly improves a crude estimators’ ability to identify technical barriers. Double tops are associated with...