The empirical results in this note are based on state-level VAR estimates using private output, employment, and investment, as well as different measures of highway investment to capture, for each state, both the direct effects of highway investment in the state itself and spillover effects of...

This article uses outlier detection procedures to investigate events that may have had a pronounced effect on tourism in Portugal. Interestingly, we confirm the evidence that the effects on tourism are lagged in time. As a result, expected business volumes are only attained later than originally...

The empirical results reported in this paper suggest that only about 20% of the aggregate effects of public investment in highways in the US are captured by the direct effects on each state output of public investment in the state itself. The remaining 80% correspond to the spillover effects...

This paper is an up-to-date survey of the literature on the effects of public investment on economic performance and therefore constitutes a comprehensive starting reference for academic researchers and policy makers alike. This is particularly important at a time when widespread recession and...

This paper presents an empirical analysis of volatility in GDP real growth rates for Portugal over the period 1960-2010. The objectives of this paper are threefold: (1) to assess the occurrence of “the Great Moderation” in Portugal and identify the timings of volatility changes; (2) to...

This paper is concerned with examining the economic performance of the Portuguese regions Nuts III. In particular, it seeks to present empirical evidence about the degree of convergence in their economic performance since 1990 when regions became the recipients of the European Community...