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Agriculture in Portugal: linkages with industry and services

Gaspar, João; Pina, Gilson; Simões, Marta C. N. - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2014

We investigate the links between agriculture and non-agricultural sectors in Portugal by assessing the existence of …

Persistent link: https://www.econbiz.de/10011153369

Do financial constraints threat the innovation process? Evidence from Portuguese firms

Silva, Filipe; Carreira, Carlos - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2011

This paper broadly addresses the financing problems of the innovation process, by analysing the extent to which financial constraints hinder firms' investment in R&D and innovation, as well as investigating the role of public financial support in alleviating such constraints. In order to...

Persistent link: https://www.econbiz.de/10009132179

Financial constraints: Are there differences between manufacturing and services?

Silva, Filipe; Carreira, Carlos - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2010

This paper is the first to explicitly explore the differences in firms' financial constraints between and within sectors of economic activity, by estimating the sensitivities of cash holdings to cash-flow upon an unique dataset of Portuguese firms. It shows that, not only there are remarkable...

Persistent link: https://www.econbiz.de/10008678002

Water Pricing and Social Equity in Portuguese Municipalities

Martins, Rita; Quintal, Carlota; Barata, Eduardo; Cruz, … - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2010

Water supply services are Services of General Interest (SGI), subject to specific public service obligations, such as universality, continuity, quality, affordability, transparency, and consumer protection. There is an extensive empirical literature on the design of optimal prices. However,...

Persistent link: https://www.econbiz.de/10008680777

Measuring firms’ financial constraints: Evidence for Portugal through different approaches

Silva, Filipe; Carreira, Carlos - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2010

Today's shortage of financial resources calls for the attention of researchers to the problem of financial constraints faced by firms. In this paper we analyse firms' financial constraints by estimating both investment-cash flow sensitivities and cash-cash flow sensitivities upon a large...

Persistent link: https://www.econbiz.de/10008680794

Financial constraints and exports: An analysis of Portuguese firms during the European monetary integration

SIlva, Filipe; Carreira, Carlos - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2011

Financial constraints are a key determinant that hinders firms' ability to export. This paper analyses the nexus between these constraints and firms' engagement in international trade, as well as it explores the impact of the European monetary integration process upon firms' financial...

Persistent link: https://www.econbiz.de/10009225961

Are There Political Cycles Hidden Inside Government Expenditures?

Castro, Vítor; Martins, Rodrigo - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2014

This paper examines the presence of political cycles inside the Portuguese governments’ aggregate expenditures by using annual data for 10 expenditure components. The results indicate that the choice of the expenditure components to be increased during election periods by Portuguese...

Persistent link: https://www.econbiz.de/10011084767

Financial Constraints: Do They Matter to R&D Subsidy Attribution?

Silva, Filipe; Carreira, Carlos - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2012

Even though innovation subsidies and financial constraints are two closely related lines of research, the link between them is rather unexplored. This paper is, to our knowledge, the first to explicitly analyse both the allocation of innovation subsidies and their role in alleviating firms’...

Persistent link: https://www.econbiz.de/10010615169

Convergence and Growth: Portugal in the EU 1986-2010

Simões, Marta; Andrade, João Sousa; Duarte, Adelaide - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2012

convergence period during which growth in the Portuguese economy accelerated and Portugal grew faster than the EU15/14 average … group average. After EU accession, Portugal benefitted from better macroeconomic policies (associated with the process of … performance in the first sub-period. However, Portugal continues to present low values for most growth indicators when compared …

Persistent link: https://www.econbiz.de/10010583561

Where Are the Fragilities? The Relationship Between Firms' Financial Constraints, Size, and Age

Carreira, Carlos; Silva, Filipe - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2012

Recessions and financial crisis increase financial constraints and disproportionally affect constrained firms. This paper investigates the differences in firms’ financial constraints between sectors using a cash to cash-flow rationale (Almeida et al., 2004) and a firm specific index of...

Persistent link: https://www.econbiz.de/10010576046