We test whether foreign tourists in outdoor activities have contributed to job creation in Northern Portugal in 2006-2014. This is the very first study in Portugal that focus on the impact of foreign participation in outdoor activities on job creation, being innovative in this regard. Based on...

Fluctuations in sovereign bond yields display a large global component which is associated with a rise in uncertainty. We build a model of sovereign default in which shocks to the level and to the volatility of the world interest rate help to account for this phenomenon. We calibrate the model...

International data suggests that fluctuations in the level and volatility of the world interest rate (as measured by the US treasury bill rate) are positively correlated with both the level and volatility of sovereign spreads in emerging economies. We incorporate an estimated time-varying...

International data suggests that fluctuations in the level and volatility of the world interest rate (as measured by the US treasury bill rate) are positively correlated with both the level and volatility of sovereign spreads in emerging economies. We incorporate an estimated time-varying...

The dynamic effects of Foreign Direct Investment in Portugal allowed for a structural shift in exports towards technology-intensive activities. However, since 2000, several factors, largely triggered by the global financial crisis, led to a drop in industrial output along with a reduction in FDI...

Worldwide legislation requires the presence of air filtration systems with detectors to monitor and control the release of radionuclides into the air in nuclear medicine centers. Dealing with radionuclides includes trapping the vapors and storing it for decay. However, these methods can involve...

This paper analyzes the impact of service quality on patients' satisfaction with the Portuguese National Health Service, through a novel indicator the Index of Satisfaction with the NHS that measures the share of children delivered in the NHS hospitals to total number of children delivered, in...

This paper relates to the literature on pecuniary externalities from FDI. Their transmission mechanism is complex, because pecuniary externalities may cause knowledge externalities and inversely. Moreover, each type of externality, or a combination of both, may increase firm productivity. Thus,...

This paper aims to evaluate whether schools with better National Exams scores are located in regions NUTs III with greater purchasing power. Accordingly, we analyze the evolution of the ranking of schools in light of the purchasing power of the regions where they are located. Using data...

Previous empirical evidence searching for externalities from Foreign Direct investment in Portugal showed mixed results. Using a new database containing 5,045 Portuguese manufacturing firms grouped by technological trajectories, we investigate the occurrence and magnitude of externalities from...