Portugal, when compared with the EU-28 average, has a lower degree of openness to foreign trade. This paper provides a detailed analysis of the total factor productivity differences between Portuguese exporters and non-exporters over the period 1996–2004, in manufacturing and service sectors,...

This paper aims to assess the influence of wind power generation on the market splitting behaviour of the Iberian electricity spot markets. We use logit models to express the probability response for market splitting of day-ahead spot electricity prices together with explanatory variables like,...

The purpose of this article is to described the evolution of the number of residential subscribers of broadband fixed access by cable modem, in Portugal, on the period from 2000–2009. The pattern of evolution is estimated by fitting several models to the series, namely the following:...

Desenvolvemos um estudo cross-country aplicado a um conjunto de países da OCDE no período de 1980-2013 que visa analisar a relação macroeconómica de longo-prazo entre as despesas sociais públicas agregadas e o produto. É um estudo de estatística descritiva e econométrica que pretende...

One of the risks that banks need to manage, in their financial intermediation activities, is liquidity risk. Thus, banks hold reserves for precautionary reasons, in order to keep enough cash to meet their obligations. In this work, we analyze the demand for excess reserves by Euro Area banks,...

We assess the response of monetary policy to developments in asset markets in the Euro Area, the US and the UK. We estimate the reaction of monetary policy to wealth composition and asset prices using: (i) a linear framework based on a fully simultaneous system approach in a Bayesian...

This paper discusses the impact of newly created firms on industry productivity growth. Our central hypothesis is that there are two potential effects of new firms on productivity growth: a direct effect, as entrants may be relatively more productive than established firms; and an indirect...

It is sometimes claimed that the coverage of collective bargaining in Germany is considerably understated because of orientation, a process whereby uncovered firms profess to shadow the wages set under sectoral bargaining. Yet importantly, at a time when collective bargaining proper has been in...

We investigate the links between agriculture and non-agricultural sectors in Portugal by assessing the existence of long-run relationships and causality among the three main sectors of activity in terms of value added and labour productivity using a VAR model for the period 1970-2006....

In this study, we examine the pre-exiting productivity profile of mature firms relatively to survivors. We also evaluate how productivity affects the probability of exit along various dimensions. Our approach is an empirical one, and it is based on an unbalanced panel of Portuguese manufacturing...