The literature on electoral cycles has developed in two distinct phases. The first one considered the existence of non-rational (naive) voters whereas the second one considered fully rational voters. In our perspective, an intermediate approach is more interesting, i.e. one that considers...

The great majority of the theoretical analysis about political business cycles (PBCs) has considered the national space as the territory of interest for the study of the economic consequences of an electoralist behaviour by the central government. This fact, in conjunction to the nature of the...

As it is well known, universities constitute sources of important multiplier effects on the economic activity of the regions where they are located. Plainly, in the case of economically depressed regions, the importance of universities becomes higher. This is certainly the case with the...

Despite being a small country, Portugal is characterised by significant regional disparities which are evident from the analysis of numerous indicators such as the level of income or the unemployment rate. These regional disparities acquire characteristics that, in a sense, do not respect the...

Portugal is a not a homogenous territory even though it is a small country. Each region has different characteristics, which makes the country as an evident case for the need of an effective cohesion policy leading to a diminishment of regional disparities. This paper presents a preliminary...

Human resources are an essential element in territorial development. When the same are characterized by a high level of training are enhancers of a series of effects which are essential in the relationship between territorial and social cohesion. In this regard, the existence of higher education...

The literature paid some attention, some time ago, to the relationship that, supposedly, should exist between the level of consumer confidence and the unemployment rate. This relationship is interesting, both from a scientific point of view, given the inherently subjective character of that...

This paper investigates the relationship between economic policy uncertainty (EPU), an index capturing newspaper coverage of policy-related issues, and momentum profits. Momentum remains an unexplained anomaly. Our findings reveal a statistically negative association between EPU and hedge...

It is rather evident that there is much more (statistical) information about objective aggregates, such as inflation, output or unemployment than that concerning subjective aggregates, such as well-being, satisfaction, confidence or even expectations. Due to its characteristics, fuzzy logic can...

The great majority of the theoretical analysis about electoral cycles has considered the national space as the territory of interest for the study of the economic consequences of an electoralist behaviour by the central government. This fact, in conjunction to the nature of the data most...