Corruption is often a source of contentious debate, covering different areas of knowledge, such as philosophy and sociology. In this paper we assess the effects of corruption on economic activity and highlight the relevance of the size of the government. We use dynamic models and the Generalized...

We study the impacts of public investment, notably in construction and in R&D on economic growth and of crowding-out effects on private investment. For this purpose, we use Panel Vector Autoregression (PVAR) models and the Generalised Method of Moments (GMM) approach for 40 advanced and emerging...

We provide a simple exercise for the real growth rate of GDP in 2020 in Portugal, with three alternative scenarios: pessimistic, baseline, and optimistic, with the range for real growth between -5.8% and -3.9%. Of particular relevance is private consumption and investment, with households...