The primary objectives of this research are to compare the economic performance of the Member States (MS) in the Euro Area 12 (EA-12) of the European Union (EU) that served as net contributors and net recipients of its budget during the period 1998–2022. The comparison focuses on aspects related to economic growth and the business cycle, exploring the presence of hysteresis. To achieve these objectives, a novel...
We describe the neoclassical view of the business cycle by European Institutions in the Euro Area, and derive the stylized facts of business cycles and trends for Germany and Portugal in the period 1991–2018. The data are extracted from the European Commission’s AMECO database. To separate cycle and trend, we use the decomposition available in the AMECO database for the output, and the Hodrick-Prescott filter f...
Este estudo tem como objetivos examinar o impacto do programa NORTE 2020 no VAB e emprego da economia portuguesa e se a riqueza global gerada se concentra na região Norte. Com base na análise input-output, estima-se que o investimento total aprovado no âmbito deste programa tenha um impacto no VAB nacional na ordem dos € 4 mil milhões e leve a criação de 112 mil postos de trabalho. O impacto na riqueza produzid...
The European Union developed a set of different policies to deal with different problems, such as macroeconomic stability, unemployment, inequality and the environment. However, these problems are interconnected and cannot be adequately addressed without an integrated approach that takes into account the different territories, which is possible within the existing EU institutional framework, as we shall argue w...