Os aeroportos ocupam um lugar central nas redes de transporte, conectando as regiões à economia mundial e possibilitando o fluxo de pessoas, bens, serviços e informações. As infraestruturas aeroportuárias são essenciais para a estratégia de desenvolvimento económico dos países, sobretudo dos mais periféricos como Portugal, permitindo mitigar ou ultrapassar os efeitos negativos das longas distâncias aos principa...
This paper evaluates the effectiveness of R&D subsidies, provided by the European Regional Development Funds, on firms’ productivity. Using detailed longitudinal firm-level data covering the period 2007-2019, we employ state of the art differences-in-differences estimators to evaluate the impacts of R&D grants. Positive causal effects on gross value added and labour productivity are discernible for micro- and s...
This paper examines firms’ characteristics and the impact on firm performance of being a first mover in the adoption of cloud computing and big data digital technologies, relative to followers and non-adopters. Our results show that firms with higher levels of education both for managers and workers, and shorter managerial tenure are more likely to be digital adopters. First movers in the adoption of big data s...
Since late 2014, Portuguese Governments adopted ambitious minimum wage policies. Using linked employer-employee data, we provide an econometric evaluation of the impact of those policies. Our estimates suggest that minimum wage increases reduced employment growth and profitability, in particular for financially distressed firms. We also conclude that minimum wage increases had a positive impact on firms’ exit, ...
This paper empirically evaluates the importance of institutions and political stability for productivity growth. We explore this relation in a novel way by evaluating the impact of political and institutional variables on the structural change and within-sector components of labor productivity growth. Our results do not provide robust evidence that democracy/autocracy affects productivity growth, either through...
Regional convergence stands out in the adjustment of the Portuguese economy that followed the international financial crisis. This outcome contrasts with increasing regional inequality in other European countries. We investigate the role of regional indebtedness, openness to trade and local fiscal autonomy in regions’ economic performance. Using a novel database, we contribute to a better understanding of the l...
Os Fundos Europeus Estruturais e de Investimento (FEEI), nomeadamente o Fundo Europeu de desenvolvimento Regional (FEDER), são fundamentais para o desenvolvimento da economia portuguesa e para a coesão social e territorial.1 O apoio FEDER ao investimento das empresas é fundamental para transformar o perfil produtivo, favorecendo os domínios de maior valor acrescentado e melhorando a sua competitividade internac...