We present micro econometric evidence on the determinants of the probability that beneficiaries of the Minimum Guaranteed Income (MGI) participate in market production or in home production. We use a micro data set which covers all the beneficiaries of the MGI, up to 2001, for the Portuguese Region with the highest incidence of this program, namely, the Azores. We find striking diferences between women’s and me...
This paper presents evidence on the relationship between cyclical shocks and productivity growth, for 20 2-digit SIC US manufacturing industries and a set of monetary policy, fiscal policy, and oil price shocks. The paper uses as a measure of productivity change a Solow residual corrected for a wide range of non-technological effects due to imperfect-competition, non-constant returns to scale, and cyclical util...
We analyze the productivity effects of shocks to the real interest rate and to demand and supply conditions in a world where productivity enhancing activities are disruptive. The model predicts that temporary demand downturns may have positive productivity effects if the real interest rate is not too countercyclical, and that supply shocks do not affect productivity growth. The model is used to derive refined n...
The objective of this paper was to define types of Azorean farms from a panel data of 174 farms of The European database of Farm Accountancy Data Network of the Azores, Portugal. This study used cluster analysis, the Ward method. The results, allowed the identification of three types of grazing systems of dairy farms as follows: 1) extensive grazing systems (less than smaller 1.4 cows per hectare); 2) moderate ...
Neste trabalho apresentam-se algumas metodologias utilizadas para estimar as atitudes da população face ao ambiente, nomeadamente as que se referem ao Novo Paradigma Ambiental (NPA). Apresentam-se ainda os resultados de um inquérito piloto acerca das atitudes ambientais, efectuado em Julho de 2004 a 47 habitantes da freguesia da Terra Chã (Ilha Terceira, Açores). Este inquérito usa a escala original do Novo Par...
One objective frequently found in models of decentralized financing is that of equalization. The concern is that poorer jurisdictions receive enough resources for basic services and for development promotion, thus eliminating horizontal and vertical imbalances. In Portugal, decentralization has occurred at two levels: the local, for the whole country and the regional for the autonomous regions of the Azores and...
Este trabalho analisa as preferências dos consumidores do serviço de transporte aéreo entre São Miguel e Terceira: o mais importante corredor aéreo nos Açores. Dada a forte regulação histórica e actual que caracteriza este serviço, não há dados do tipo preferências reveladas. Contudo, o conhecimento das preferências dos consumidores é incontornável na implementação de políticas que promovam o bem-estar social. ...
We analyze consumer preferences for airline services attributes between Ponta Delgada and Lisbon. For this purpose, we conduct a stated preferences choice game and estimate a microeconometric model à la McFadden (1974). Our results are statistically significant and imply willingness to pay measures economically high for attributes such as punctuality warranties and comfort. We interpret these results at the lig...
The effects of interactions between private transfer behavior and income redistribution policies depend on the motives underlying private income transfers. This paper tests for two different potential motives: pure altruism versus simple exchange, in the presence of capital market imperfections. Using household survey data for Bulgaria, microeconometric evidence is found that both motives are in effect. We also...
Applied general equilibrium models have become popular tools used on ongoing economic policy debates. In this paper we discuss at length the most proeminent features of applied general equilibrium models in a comprehensive and non-technical way, thus accessible to the reader interested in economic policy but with no prior formal exposure to economic modeling. We rationalize the increasing political demand for s...