Este working paper analisa o caso de Montalegre, um concelho que soube criar atempadamente marcas com autenticidade e especializar-se na sua divulgação, o que lhe permitiu levar a cabo diversos certames com potencial para gerarem procura turística durante todo o ano. A Feira de Fumeiro de...

The aim of this paper is to analyse the link between immigration and trade among EU countries, particularly, in the context of the 2004 enlargement. The study tests whether the increase in immigrant stock from New Member States has any impact on the exports from the EU-15 to those markets or...

This paper analyses optimal discretionary non-coordinated monetary and fiscal stabilization policies in a micro-founded New-Keynesian model of a two-country monetary union with country-size asymmetry, under two policy scenarios. A balanced-budget policy scenario and a policy scenario where the...

This study makes two main contributions to the literature. Firstly, it tests empirically the relative timeliness of accrual measures and earnings components used as explanatory variables in accrual models (“accrual drivers”) regarding the impact of conservatism. Secondly, taking into account...

In this paper we analyze firms’ earnings management behavior to avoid losses conditional on the (asymmetric) incentive underlying market (positive/negative) returns. Our intuition is that firms with negative returns in the period (bad news, BN) face a higher incentive to undertake earnings...

In this paper we study the way a multiproduct firm, regulated through a dynamic price cap, can develop a price strategy that uses the regulatory policy to deter entry. We consider a firm that initially operates as a monopolist in two markets but faces potential entry in one of the markets. We...

In this paper we compare the costs of two regulatory policies about the entry of new firms. We consider an incumbent firm that has more information about the market demand than the regulator. Then, the incumbent firm can use this advantage to persuade the regulator to make entry more difficult....

Deep changes characterize the evolution of the Portuguese labor market concerning the average schooling of workers, particularly since the 1980s. The purpose of this paper is to investigate the consequences of those changes in the gender wage gap. In particular, we analyze and compare the way...

The asymmetric recognition of gains and losses underlying conservative accounting is not taken into account by Jones (1991)-type accrual models. Recently, Moreira (2002) and Ball and Shivakumar (2005a) have proposed piecewise linear accrual models designed to control for this asymmetric impact....

The paper tests whether human capital is a relevant foreign direct investment (FDI) determinant. Drawing on a large-scale survey of firms located in Portugal, and controlling for firms’ structural (i.e. size, age and industry), strategic (R&D and export intensities) and linkages (density of...