Mostrando recursos 1 - 17 de 17

  1. Overeducation and wages in Europe : evidence from quantile regression

    Budría, Santiago; Moro-Egido, Ana I.
    The literature has typically assumed that the effect of overeducation on wages is constant over the conditional wage distribution. In this paper, we use quantile regression and data from 12 European countries to show that the overeducation wage effect may differ largely across segments of the distribution. By differentiating between quantiles, we discriminate between groups of workers with different (unobservable) skills. We find that the detrimental effects of overeducation among the high-skilled are indeed higher than among the lowskilled. This finding lends support to the view that overeducation is an event that reduces the worker’s potential productivity, regardless of his...

  2. Measuring the impact of international financial reporting standards (ifrs) in firm reporting : The case of Portugal

    Silva, Francisco; Couto, Gualter; Cordeiro, Ruben Mota
    To increase efficiency of the European finance market, the European Union (EU) recently forced all public companies to publish their financial disclosures with the support of the International Financial Reporting Standards (IFRS), emanated by the International Accounting Standards Board (IASB), beginning January 1, 2005. In this paper, we measure the impact of the application of IFRS to financial information of Portuguese public companies belonging to the Eurolist by Euronext Lisbon. The results show that the Balance Sheet and Income Statement structures of the firms studied suffered relevant accounting conversions in the process of compliance. Nevertheless, we did not find a clear pattern...

  3. Economic inequality in Portugal : A picture in the beginnings of the 21st century

    Budría, Santiago
    This article uses data from the 1994-2001 waves of the European Community Household Panel to study economic inequality in Portugal. It reports data on the Portuguese distributions of income, labor earnings, and capital income, and on related features of inequality, such as age, employment status, educational attainment, marital status and economic mobility. It also documents changes in inequality from 1994 to 2001, a period of economic expansion in Portugal. The statistical significance of the observed changes is assessed using non-parametric tests based on bootstrap techniques. The paper shows that income, earnings, and, very especially, capital income are very unequally distributed...

  4. Optimal timing of relocation

    Azevedo-Pereira, José; Couto, Gualter; Nunes, Cláudia
    In this paper we tackle the problem of the optimal relocation policy for a firm that faces two types of uncertainty: one about the moments in which new (and more efficient) sites will become available; and the other regarding the degree of efficiency improvement inherent to each one of these new, yet to be known, potential location places. In particular, we derive results concerning the expected optimal timing for relocation, the corresponding volatility and the value of the firm under the optimal relocation policy. Impacts on the final results driven by the characteristics of the firm´s original location site, the market...

  5. Technology adoption deterrence through learning and capacity investment

    Cabral, Ricardo
    This paper analyzes an incumbent’s use of learning and manufacturing capacity investment to deter or accommodate adoption of a new technology by a potential competitor, using a perfect state-space equilibrium concept and a model motivated by the semiconductor industry. The results indicate that, under typical market conditions, an incumbent leaves some capacity idle after learning-by-doing cost reductions have been achieved, and an incumbent that follows an accommodation strategy invests in more learning than a monopoly that does not face the threat of entry. Finally, the analysis suggests that investments in learning and manufacturing capacity allow early adopters to credibly alter...

  6. Teaching Keynes’s principle of effective demand within the real wage vs. employment space

    Andini, Corrado
    This paper reviews several models for teaching Keynes’s principle of effective demand within the real wage vs. employment space and explores a simple extension of a model originally proposed by Lavoie (2003).

  7. Arquitectura constitucional y procesos de integración en el caso português

    Rodrigues, José Noronha
    Com meio século de existência, o processo de integração europeu/União Europeia encontra-se, actualmente, numa nova encruzilhada. Contudo, hoje, parece-nos inquestionável, que a integração europeia é um processo irreversível. Creio que laboramos neste sentido nos últimos cinquenta anos, de Paris a Nice. Portugal por via das sucessivas revisões Constitucionais conseguiu acompanhar e adaptar a sua arquitectura Constitucional ao processo de integração europeu.

  8. Modelos de integración jurídica en el derecho comparado

    Rodrigues, José Noronha
    Os “Modelos de Integração Jurídica”, poderão ser caracterizados como aquele molde pequeno e quase perfeito produzido pelo Direito de alguns Estados e, que, os outros Estados tendem a seguir e a imitar, e por vezes, integrar ajustando a ele, “ (…) saindo [deste modo] do paradigma do [modelo de] Estado soberano para [a promoção do modelo] da sociedade global.”

  9. Las políticas de género en el âmbito Comunitário Europeo

    Rodrigues, José Noronha
    O século XX será recordado na História da Humanidade como o século das mulheres. O século em que as mulheres ganharam visibilidade, reivindicaram direitos, exigiram a igualdade de tratamento e de oportunidades e, a Comunidade Política Internacional desvendou um vocábulo novo, o de “Políticas de Género”. Falar em Direitos da Mulher é, ainda, falar em Direitos Humanos.

  10. Financial development and long-run growth : is the cross-sectional evidence robust?

    Andini, Corrado; Andini, Monica
    In a seminal paper, Levine et al. (2000) provide cross-sectional evidence on the causal positive impact of financial development on the mean of the conditional long-run growth distribution, in a sample of 71 countries. Using the same data-set, we argue that the impact of financial development of the median of the conditional growth distribution is doubtful. In addition, we find that the mean-based results due to Levine et al. (2000) are not robust to the presence of three outliers: Korea (Republic of), Malta and Taiwan.

  11. A Constituição Europeia e o espaço de liberdade, de segurança e de justiça

    Rodrigues, José Noronha
    A Génese de um Espaço de Liberdade, de Segurança e de Justiça ou a Génese de um Espaço de Segurança, de Liberdade e de Justiça? Qual é a terminologia correcta? Consideramos que, a terminologia correcta deveria ser a última, visto que “(…) [estas] três noções estão intrinsecamente ligadas. A liberdade perde muito do seu sentido se não puder ser vivida num ambiente de segurança, solidamente assente num sistema de justiça no qual todos os cidadãos e residentes da União possam ter confiança. Estes três conceitos indissociáveis têm um mesmo «denominador comum» – as pessoas – e a plena realização de...

  12. La política exterior y de seguridad común

    Rodrigues, José Noronha
    O século XXI será recordado na História da Humanidade como o século da mudança, do perigo iminente, do “choque das civilizações», da insegurança colectiva, da desconfiança do “outro”, das injustiças praticadas, da Guerra do Iraque e, principalmente, dos trágicos atentados terroristas ocorridos a 11 de Setembro de 2001, nos Estados Unidos, 11 de Março de 2004, em Espanha e a 7 de Julho de 2005, em Londres. Porém, não devemos olvidar todos os outros atentados aos mais elementares Direitos Humanos perpetuados, diariamente, pelo Mundo. A epidemia da “insegurança” prolífera pelo Mundo, por isso, é urgente que a União Europeia tenha...

  13. Ciudadanía y derechos fundamentales

    Rodrigues, José Noronha
    Num tempo, em que metade do Mundo desconfia de outra metade do Mundo, em que «o choque das civilizações» parece estar eminente, em que a geometria da Europa se estende a Leste, abordar a temática da Cidadania e dos Direitos Fundamentais, é circunscreve-la ao Homem; (…) temos que, desenvolver esforços para que a Cidadania da União, não seja complementar das cidadanias nacionais mas que a substitua; (…) temos que ambicionar a “Cidadania Mundial” e a Carta Mundial dos Princípios Fundamentais do Homem”.

  14. Part-time job and wage penalty trend among italian women

    Sciulli, Dario; Parodi, Giuliana
    This paper studies the evolution of full-time/part-time wage differential among Italian women for the period 1993-2004 by adopting an extension of Heckman procedure. For each wave under analysis, we estimate a four-outcome employment status model in the first step, and full-time and part-time wage equations corrected for selectivity in the second step. Our results show a decreasing trend of part-time wage penalty across waves. Using Oaxaca decomposition technique we find that part-time workers are constantly, but in a decreasing way, over-paid according to observable characteristics. This is because, Interestingly, discrimination and selection components (the adjusted differential) take, in turns, similar...

  15. Level of the marketing strategical planning adopted by the touristic accommodations companies of the autonomous regions of Azores and Madeira

    Faias, Carlos; Faias, Cláudia; Couto, João Pedro Almeida
    The affirmation of the regions as potential touristic destinations depends, among others factors, on the level of development of the offer. It is a fact that, for the regions of touristic destination take advantage of the phenomenon of tourism, it’s necessary to create structures and economical activities that support this phenomenon. However, it is on the side of the demand that inhabits the power of choice, specifically the motivations, preferences, needs and trends of the market. Therefore, in a strategical process, the touristic marketing seeks to create conditions for the attraction of the demand, guiding the touristic offer in a...

  16. Governance and the determinants of local economic development in Raia Central Ibérica

    Neto, Paulo; Couto, João Pedro Almeida; Natário, Maria Manuela
    The dynamics of territorial governance configure a virtual geographic space and promote synergies and competitiveness. The ability to decide, adjust and regulate the territory depends of competent and efficient governance systems. These systems have an important role in the territorial innovation process all the way to the definition of projects, to regional politics and also in the regulation and organization of local activities. Thus, the aim of this paper is to present the results of an empirical research of the companies of the Raia Central Ibérica Region, which is located in the border area of Central Portugal/Spain. The research assesses...

  17. Evaluating the propensity for entrepreneurship among university students

    Couto, João Pedro Almeida; Camilo, Maria José
    Entrepreneurship is a major element in fostering the dynamics of an economy and bringing new types of competitive business. The value of this new business depends a lot on the capabilities of the entrepreneurs. Having a university degree is a relevant aspect to the establishment of high value added new ventures that capture knowledge and innovative technologies. Thus the purpose of this paper is to understand the propensity to entrepreneurship among university students and the factors that influence this propensity. Therefore we contribute to the literature on entrepreneurship by analysing the factors that determine the propensity for starting a new...

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