Exchange Rate Shocks with the Brexit Referendum and Portuguese Exports

Understanding the effect of exchange rate movements on international trade is a major issue for economists and for policy-makers. Using a quasi-natural experimental evidence on the effects of exchange rate shocks on export prices, quantities and export participation, the paper examines the consequences of the large, sudden and unanticipated plunge in the British pound following… Continue reading Exchange Rate Shocks with the Brexit Referendum and Portuguese Exports

Microcredit Repayment in Portugal

This research examined the determinants of microcredit loan repayment based on a sample of 752 microcredit loans granted in Portugal by the National Association for the Right to Credit, adopting individual lending mechanisms and granting loans through partnerships with several credit institutions. This is the first study to ascertain the influence that a set of… Continue reading Microcredit Repayment in Portugal

Productivity of Portuguese Cooperatives

In many countries and industries, cooperatives constitute a significant share of activity. Despite this widespread presence, there is little evidence on the merits of this organizational form with respect to productive efficiency relative to the more dominant way of organizing production through investor-owned firms. In this paper, we contribute towards answering the long-standing question of whether… Continue reading Productivity of Portuguese Cooperatives

Innovations in digital government as business facilitators: International Evidence and implications for Portugal

Administrative and regulatory burden reduction has become a priority to improve governmental efficiency and economic competitiveness. Innovations in government through Information Communication Technologies are seen as key tools in designing policies to achieve those goals. Although Portugal has been improving in the business environment and electronic government development indicators and considered a top reformer in… Continue reading Innovations in digital government as business facilitators: International Evidence and implications for Portugal

Open innovation in Portuguese firms

There are increasing open innovation trends threatening, but also creating opportunities to Portuguese firms. Open innovation includes the systematic encouragement and exploration of a wide range of internal and external sources for innovative opportunities, the integration of this exploration with firm capabilities, and the exploitation of these opportunities through multiple channels. This study aims to… Continue reading Open innovation in Portuguese firms

Debt Financing and Internationalization of Portuguese SMEs

This paper examines the relationship between the capital structure of Portuguese small and medium enterprises(SMEs) and their export performance. The Portuguese industrial firms are of great importance for the domestic economy and played a significant role in the country’s economic recovery amid the recessionary environment of the last decade. Being smaller and privately owned, and… Continue reading Debt Financing and Internationalization of Portuguese SMEs

A Lower VAT Rate on Electricity in Portugal

In late 2011, Portugal increased the statutory VAT rate on electricity from 6% to 23% as part of the austerity plan under the country’s international bailout. Naturally, this austerity measure met with widespread concern for its potentially negative effects on both economic performance and social justice. Seven years after its introduction, the country is facing… Continue reading A Lower VAT Rate on Electricity in Portugal